⸻
💰 TOWNS Token:
• The TOWNS token is an ERC‑20 utility and governance token (total supply ≈ 10 billion tokens, with an initial 10% distributed in an early user airdrop) .
• Holds several key roles:
• Staking and Delegation: Token holders stake or delegate to Stream Node Operators or Spaces—this secures the network and earns rewards .
• Governance: Holders can vote on protocol upgrades, inflation rates, and DAO proposals through the Towns DAO (“Towns Lodge”) .
• Economic Incentives: Membership fees, tips, and transaction revenues flow into token economics—used for buy-backs, burns, and reward distribution—creating a feedback loop between usage and token value .
• Inflation begins at ~8% annually and gradually decreases over ~20 years (governance-adjustable) .
• Distributions occur biweekly via smart contracts on Base; reporting mechanisms hold node behavior accountable to ensure fair reward allocation .
Why It Matters
• Towns transforms messaging into a user-owned, programmable, on-chain asset, contrasting sharply with traditional centralized platforms.
• It empowers creators to monetize communication via on-chain memberships—while preserving privacy through encryption and decentralization .
• Backed by leading investors in crypto—including a16z Crypto, Coinbase Ventures, Benchmark—and built by the creators of Houseparty, the project has raised substantial capital (e.g., $10 M in Series B, Q2 2025) .
On‑Chain Holder Concentration & Top Wallets
Currently, there are no publicly disclosed analytics detailing the percentage of holdings by top wallet addresses (e.g., top 10 accounts). No dashboards or verified rich lists are available for TOWNS specifically—unlike some tokens tracked by platforms like CoinCarp.
So far, no breakdown is available—no percentage of supply held by whales, sharks, or dolphins is visible.  
