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

Odaily News Towns Protocol, a social protocol with a total financing amount of up to US$35.5 million, announced in X that it will launch the TOWNS token in the second quarter of 2025. The total supply of TOWNS is 10 billion, and the initial airdrop ratio is 10%.
According to previous news, Towns Protocol completed a US$25.5 million Series A financing in February 2023, led by a16z, with participation from Benchmark, Framework Ventures and others; earlier this month, Towns Protocol announced the completion of a US$10 million Series B financing, led by a16z, with participation from Coinbase Ventures, Benchmark and others.