🪂 Social protocol Towns Protocol @TownsProtocol has confirmed that it will issue a token this quarter, with an initial airdrop of 10%.

Social protocol Towns Protocol, with a total funding of $35.5M, announced on X that it will launch the $TOWNS token in Q2 2025.

The total supply of $TOWNS is 10B, with an initial airdrop ratio of 10%.

Previously, Towns Protocol completed a $25.5M Series A funding round in February 2023, led by a16z @a16zcrypto, with participation from Benchmark, Framework Ventures, and others. Earlier this month, Towns Protocol announced a $10M Series B funding round, led by a16z, with participation from Coinbase Ventures @cbventures, Benchmark @benchmark, and others.