The social protocol Towns Protocol confirms that it will issue tokens this quarter, with an initial airdrop of 10%

ChainCatcher news, the social protocol Towns Protocol, with a total funding amount of up to $35.5 million, announced on X that it will launch the TOWNS token in the second quarter of 2025. The total supply of TOWNS is 10 billion, with an initial airdrop ratio of 10%.

Previously, Towns Protocol completed a $25.5 million Series A funding round in February 2023, led by a16z, with participation from Benchmark, Framework Ventures, and others; earlier this month, Towns Protocol announced the completion of a $10 million Series B funding round, also led by a16z, with participation from Coinbase Ventures, Benchmark, and others.