#Towns Token (TOWNS)
The TOWNS token serves multiple roles in the Towns ecosystem:
Staking and delegation: Token holders can delegate TOWNS to Node Operators or Spaces to support the network.
Governance: Token holders can vote on protocol upgrades, inflation adjustments, and other major decisions.
Economics: TOWNS features an inflationary supply model starting at 8% annually, tapering over 20 years to a 2% inflation rate, controlled by DAO governance.
Reward distribution: Inflation rewards are allocated biweekly to Node Operators and their delegators, incentivizing network participation.
TOWNS tokens are issued as an ERC-20 token on Ethereum and bridged to Base for protocol interaction.
