$TOWNS

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.$TOWNS