TOWNSTowns (TOWNS) Price

1.Project introduction

Towns Protocol is an open source protocol for building decentralized real-time messaging apps. It consists of an EVM-compatible L2 chain, decentralized off-chain stream nodes, and smart contracts that are deployed on Base. Towns allows people to create programmable communication use cases, referred to as “Spaces,” in a permissionless manner. These Spaces are ownable, feature on-chain subscriptions (”Memberships”), an extendable reputation system, and end-to-end message encryption.

2.Token application and distribution

Token application

Towns Token serve multiple purposes that include delegation to Node Operators, Space address delegation, and governance participation.

Token distribution

Investor: 13.74%

Public Investor: 2.62%

Initial Airdrop: 14.98%

Community Reserve: 33.83%

Team: 21.46%

Liquidity: 4.2%

Nodes Year 1: 7.90%

Node Inflation: 1.27%