Rainbow Wallet is one of the most widely used non-custodial Ethereum wallets and now it has officially announced the upcoming launch of its native RNBW token. It's an EVM-compatible browser and mobile crypto wallet and it's designed to be a user-friendly option for managing digital assets. As announced on September 22, Rainbow’s Rainbow Points loyalty program, first introduced on December 12, 2023, will be converted into an on-chain token called RNBW, scheduled to launch on Febuary 5, 2026. Users who earned points through swaps, on-chain holdings, and even by switching from MetaMask will soon see those points transformed into RNBW.
Source: X
As a result of this launch, Rainbow has a chance to establish RNBW as the first major Ethereum wallet token on the market. But what will the RNBW token's role actually be within the Rainbow ecosystem?
Source: X
What Is Rainbow Wallet and How Does It Work?
Rainbow is a high-performance, self-custodial wallet designed to be the primary gateway to the Ethereum ecosystem and the broader "Superchain" landscape. Since its founding in 2019, Rainbow has raised over $22.5 million in funding from top-tier backers like Seven Seven Six (Alexis Ohanian) and Y Combinator to redefine the mobile and desktop on-chain experience.
The platform is recognized for its industry-leading UX, boasting over 1 million monthly active users (MAU) and more than 500,000+ downloads on the Google Play Store alone.
Rainbow Wallet delivers a high-performance, self-custodial Web3 experience through a multi-chain architecture supporting 15+ EVM networks, including Base, Optimism, Arbitrum, Linea, Blast, Zora, and BNB Smart Chain, with native Solana integration for true cross-chain access. Its keyboard-first “Magic Menu” (⌘K) in the browser extension enables instant swaps, bridges, and wallet switching without leaving the interface, significantly improving execution speed for power users. As an open-source wallet, Rainbow gives users full control over private keys, supports Ledger hardware wallets, and embeds DeFi and NFT functionality, auto-discovering NFTs across chains and routing swaps and bridges through deep liquidity sources to minimize slippage and reduce MEV exposure.
What Is Rainbow Token (RNBW) Tokenomics?
What can users expect from the structure of the RNBW token? While Rainbow has not published its full tokenomics yet, the team has shared some key details. The company has already revealed that 4% of the total RNBW supply will be allocated in a public takeover bid for the token-launching protocol Clanker.
It has also confirmed that around 20% of the circulating supply will be released during the Token Generation Event (TGE). So why does this matter? These figures suggest that Rainbow intends to make RNBW a community-driven asset from the very beginning, giving both early adopters and new users a chance to take part in the network's growth.
What Are the New Features of Rainbow Wallet (2026)?
Sneak peak of how $RNBW rewards work.
— Rainbow (@rainbowdotme) February 3, 2026
Trade, earn, claim — live this Thursday for all Rainbow users. pic.twitter.com/HVOT32PcFE
Source: X
Alongside the launch of the RNBW token, Rainbow is expanding its wallet beyond basic storage and transactions by introducing real-time token price updates, allowing users to track market movements more efficiently. The wallet has also rolled out improved charting tools, giving traders a sharper view of market trends. In the future, Rainbow plans to integrate in-wallet perpetual trading through Hyperliquid, which would allow users to trade derivatives without leaving the app.
On top of that, Rainbow teased a daily "King of the Hill" token game to drive activity inside the wallet, adding a playful layer to its already popular wallet. The goal is clear: Rainbow wants to make using its wallet both more functional and more engaging.
Why Is Ethereum at the Centre of Rainbow's Strategy?
Source: 21Shares
Why is Ethereum at the center of both Rainbow's strategies? The answer is simple: Ethereum is the backbone of Web3. According to 21Shares, Ethereum's total value locked (TVL), which measures the dollar value of all crypto assets held in smart contracts on its network, reached an all-time high of $312.6 billion in August. This growth is being driven by the rising adoption of decentralized finance (DeFi) apps, where users can lend, borrow, trade, and earn interest directly on-chain without relying on banks.
Ethereum continues to dominate smart contracts, NFTs, and decentralized finance. Rainbow started rewarding its users for Ethereum activity with its Points program on December 12, 2023 and now it's converting those points into real tokens. This proves that the value of Ethereum doesn't just lie in holding ETH, but also in being an active participant in its ecosystem. These trends, along with the rise of emerging Ethereum wallets like Rainbow, reinforce Ethereum's role as the backbone of digital finance and highlight its ongoing transformation into a mature, utility-driven ecosystem.
How to Claim the Rainbow Airdrop (RNBW) on February 5: Step-by-Step Guide
that feeling when we finally get the $RNBW airdrop tomorrow. pic.twitter.com/9bftww3QmV
— Rainbow (@rainbowdotme) February 4, 2026
Source: X
February 5th, 2026 is the official claim date for $RNBW tokens. Rainbow has built the entire claiming process directly into their mobile app (iOS/Android) to eliminate phishing risks and simplify the experience with no external websites involved.
Official In-App Claim Process: Step-by-Step Guide
Step 1: Update your Rainbow Mobile app to the latest version before February 5th.
Step 2: On claim day, simply open the app. Your eligible $RNBW allocation will automatically appear as a new asset card, dedicated “Claim” notification, or visible balance on the home screen.
Step 3: If a claim action is required (ex. to move tokens from the smart contract to your spendable wallet), tap the “Claim” button within the app. The process is handled natively; any gas fee (if needed) will be prompted securely inside Rainbow.
Learn more about how to claim Rainbow airdrop in our detailed breakdown.
Note: You will never need to leave the Rainbow app, visit a website, connect to an external dApp, or sign suspicious transactions. If anything asks you to do so, you are being targeted by a scam. Stay inside the official app only. There is no airdrop checker website. Any site or link claiming to be a “Rainbow Airdrop Checker” or prompting you to connect your wallet is a scam. Avoid searching Google for “Rainbow Claim,” clicking Twitter links, or visiting any external pages.
How to Trade Rainbow (RNBW) Tokens on BingX After the Airdrop
RNBW/USDT trading pair on the spot market powered by BingX AI insights
Following the launch on February 5, 2026, $RNBW is available for trading on BingX. Harnessing the power of BingX AI, you can navigate the RNBW/USDT spot market with institutional-grade precision, utilizing real-time sentiment analysis and automated risk management to optimize your airdrop strategy.
1. Deposit RNBW: Transfer your claimed $RNBW from your Rainbow Wallet to your BingX Deposit Address. Ensure you select the Base network. You can also transfer USDT to your BingX account or use the Quick Buy feature via Visa/Mastercard to buy RNBW tokens on the spot market.
2. Navigate to RNBW/USDT Spot Market: Go to the "Spot" tab on the top menu and search for the RNBW/USDT trading pair.
3. Use BingX AI Analysis: Before placing your order, tap the BingX AI icon to access a "Token Analysis" report. This tool provides instant candlestick pattern recognition and identifies key support/resistance levels for $RNBW.
4. Place Your Order:
• Market Order: For immediate execution at the current market price (ideal for high-volatility airdrop days).
• Limit Order: To sell or buy at a specific price point you define.
5. Verify in Your Assets: Once the trade is complete, view your updated balance in your "Fund Account" or "Spot Account."
Conclusion
Rainbow’s journey from launching its Points program in December 2023 to unveiling the RNBW token in September 2025 reflects a broader shift in how wallets are evolving into full scale Web3 platforms. With RNBW token launch set for February 2026, anticipation is high as users look forward to token rewards and new wallet features that go beyond simple storage.
For Ethereum users, the takeaway is clear: stay active on chain, keep track of Rainbow’s updates, and be prepared to engage with RNBW from the start because this launch could mark the beginning of a larger trend where wallets become gateways to trading, governance, and incentives in Web3. As always, participation in new token ecosystems carries risks, and users should carefully evaluate project details and their own risk tolerance before getting involved.