Techub News reports that the Web3 social protocol Towns Protocol has announced the TOWNS tokenomics. The total supply of TOWNS is 10 billion tokens, with 57% allocated to the community (including airdrops/community incentive programs, among which over 10% of the tokens will be airdropped to early users, partners, and collaborators on August 5); 35% will be allocated to the team and investors; 8% will be allocated to initial node operators and delegators.
Techub News previously reported that Towns Protocol completed a $10 million Series B funding round in April this year, led by a16z crypto, and subsequently raised an additional $3.3 million in June, led by Coinbase Ventures and Echo.