PANews reported on June 4 that the decentralized communication protocol Towns Protocol announced the latest developments regarding the $TOWNS token and the protocol. The first activity snapshot was conducted on April 10, 2025, and the second snapshot will be completed as the airdrop approaches, both of which will be included in the distribution plan. The protocol is continuously growing, with 415,346 Towns created, over 15 million transactions completed in the past 30 days, and cumulative user revenue exceeding $21 million, with increasing adoption rates among the community, DAOs, and creators.
The airdrop originally scheduled for the second quarter has been postponed to the summer to refine distribution, user analysis, and protocol infrastructure development. It has been reported that Towns recently announced the completion of a $10 million Series B financing round, led by a16z crypto, with Coinbase Ventures joining the investment and Benchmark continuing to participate.
According to previous news, Towns will launch the TOWNS token in Q2, with an initial airdrop ratio of 10%.
