Towns โ $TOWNS Token Announced Along with Airdrop Details
Towns is a new Web3-based alternative to Discord, backed by $35.5 million in funding from a16z and directly integrated with Farcaster.
Our private Telegram channel โ be the first to discover new airdrops! ๐
The project has now officially announced the launch of its native token $TOWNS, along with key information about the ecosystem, tokenomics, and upcoming airdrop plans.
๐ Towns Stats:
- 1 million users have subscribed to paid plans
- Over $4.2 million spent on various in-platform transactions
- More than 332,000 group chats created
- Over 10 million messages sent
๐ฐ Tokenomics:
- Total supply: 10 billion $TOWNS
- Community & airdrop: 57% (5.7 billion)
- First airdrop allocation: 10% (1 billion)
- Team & investors: 35% (3.5 billion)
๐ Networks:
The $TOWNS token will be available on Base and Ethereum Mainnet
๐ฏ Token Utility:
- Proof-of-Stake โ $TOWNS secures the network through PoS
- Functionality โ unlocks features and capabilities of the protocol
- Governance โ gives holders voting rights in Towns development
- Ecosystem โ fees from subscriptions, tips, and trading are returned to the protocol through auto-burning and network maintenance
๐ Launch Date:
The launch of $TOWNS is scheduled for Q2 2025.
