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Rainbowcity Foundation Announces the Official Launch of DAO Infrastructure Project RainbowDAO Protocol in Gitcoin Grant 12

Thu, 16/12/2021 - 13:26
Rainbowcity Foundation Announces the Official Launch of DAO Infrastructure Project RainbowDAO Protocol in Gitcoin Grant 12
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On December 15, 2021, Rainbowcity Foundation announced the official launch of DAO infrastructure project: RainbowDAO Protocol in the Gitcoin Grant12 event. This is the first web3 project incubated by Rainbowcity Foundation, and it is also the first global public display of its ecological project.


What is RainbowDAO Protocol?

RainbowDAO Protocol is a multi-chain DAO infrastructure service protocol, focusing on the creation of web3 basic component. Anyone can create and manage their own DAO organization through RainbowDAO Protocol, including independent DAO,alliance DAO, parent DAO and child DAO. Any DAO can also create a management department within the DAO to achieve multi-level management of the organization.

There are two versions of RainbowDAO Protocol, Solidity version on EVM and Ink! version on WASM.The Solidity version is mainly deployed on Ethereum, BSC, Poygon, Avalanche, Fantom, and various L2 networks; the Ink! version is mainly deployed on the parallel chains on the Polkadot and Kusama relay chains, as well as other blockchains developed with the substrate framework. 

What is Gitcoin Grant?

Gitcoin is the community of builders, creators, and protocols at the center of open web ecosystems. Gitcoin is on a mission to build an internet that is open source, collaborative, and economically empowering.It is the best show stage for the Rainbowcity ecological project.

As of December 15, 2021, the number of RainbowDAO grant contributors reached 4000, and its matching quadratic score reached 25000 US dollars, reached the highest matching value for a single project in the main round. It is one of the most popular projects in Grant 12.All users who participate in grant donations can join the RainbowDAO governance token IDO whitelist first, and get different proportions of IDO quotas according to the donation amount.

What is Rainbowcity Foundation?

Rainbowcity Foundation is a non-profit foundation initiated and founded by Mr. Kunyuan. Headquartered in Singapore, Asia.It mainly engages in the incubation and investment of the crypto ecosystem. Mr. Kunyuan himself is a loyal fan of Bitcoin and a believer of Satoshi Nakamoto, dedicated to the spread of Satoshi Nakamoto's decentralized ideas. 

He once put forward the concept of "Bit Civilization" for the first time in the world in July 2021 at the Bitcointalk Forum established by Satoshi Nakamoto , and wrote more than 60 articles to popularize the idea of Bitcoin,hoping to promote the development of the encryption industry worldwide and practice the true Bitcoin spirit.

Mr. Kunyuan has a rich experience in the crypto world. He was once the highest community leader of FCoin, the most influential community exchange in the Chinese world. In November 2018, in a referendum on the FCoin exchange, Mr. Kunyuan was elected as the first community committee member, and was appointed as the vice chairman of the community committee to fully preside over the work of the FCoin community. 

In the second half of 2018 and the first half of 2019, Mr. Kunyuan cooperated with FCoin founder Mr. Zhang Jian to lead the FCoin community to achieve a comprehensive revival, making FCoin Exchange once again become one of the world's largest exchanges in the first half of 2019.

However, because many of Mr. Kunyuan's ideas could not be effectively implemented in the FCoin community, he chose to resign in June 2019 and began preparations for the Rainbowcity project. To some extent, Rainbowcity is a continuation of FCoin's community-based thinking, and it is also a continuing exploration of the true Satoshi Nakamoto spirit.

Mr. Kunyuan believes that in the crypto world, human civilization will have an unprecedented super economy in the future. It is constructed in the form of a decentralized protocol, which puts different and decentralized economic behaviors into a unified economy, and truly becomes the infrastructure of human civilization in the future. The Rainbowcity Foundation was established under this background.

The Rainbowcity Foundation plans to invest in 7 major areas in the next ten years, including Rainbow DeFi, Rainbow Investment, Rainbow Culture, Rainbow Network, Rainbow Industry, Rainbow Education and Rainbow R&D. Strive to become a super economy with a market value of one trillion US dollars. The RainbowDAO Protocol is the first project launched by the Rainbowcity Foundation to build the infrastructure of the DAO ecosystem and contribute our wisdom and strength to the development of the global DAO career.

Social media of RainbowDAO Protocol: 








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