Towns announces TOWNS token economic model: airdrop 9.87%, community reserve 43.14%

According to official content, the TOWNS token is about to be launched, with an initial supply of 10.128 billion tokens. Its token distribution includes node inflation accounting for 1.27%, first-year nodes accounting for 7.9%, teams accounting for 21.46%, investors accounting for 13.74%, public investors accounting for 2.62%, airdrops accounting for 9.87%, and community reserves accounting for 43.14%. It is reported that TOWNS has raised approximately $39.91 million in funding from Coinbase Ventures, Benchmark, Framework Ventures, and other sources. The cumulative processing income from the agreement exceeds $30 million, generating agreement fees of over $3 million, and sending tips of over $2.7 million through the agreement. Previously, Towns Protocol planned to destroy TOWNS tokens through fee buyback, which has generated over $2.1 million in fees since its launch.