Towns will launch TOWNS tokens in Q2, with an initial airdrop ratio of 10%

PANews reported on April 16 that according to official news, the decentralized communication protocol Towns announced that it will launch the TOWNS token in the second quarter of 2025. The initial total supply of TOWNS is 10 billion and will be launched on Base and Ethereum. 10% of the supply will be distributed to its supporters in the form of an initial airdrop. Membership fees, tips, transaction fees and other transaction fees flow back into the TOWNS token ecosystem through automatic mechanisms (such as the sale and destruction of tokens), powering the network and strengthening the community's ownership of the protocol.

Earlier in April, it was reported that the social communication protocol Towns completed a US$10 million Series B financing round, led by a16z crypto.