🚀#TOWNS : The Governance and Utility Token of the Towns Protocol🚀

The $TOWNS is the native token of the Towns Protocol, an infrastructure designed for the creation of decentralized and autonomous online communities. Built on a #blockchain Layer 2 EVM to ensure scalability and low costs, the protocol allows groups to manage and own their own digital "social spaces", in contrast to platforms controlled by large corporations.

The primary technical function of the $TOWNS is twofold. Firstly, it acts as an on-chain governance token, granting its holders the right to vote on proposals that alter the parameters of the protocol directly via smart contracts. Secondly, it serves as a utility token, which may be required for the #Staking (collateral deposit) to gain access to exclusive communities or to unlock advanced features.

As the protocol matures, the vision is that it will serve as a foundational infrastructure — a "social primitive" — for the #Web3 . The goal is for the Towns Protocol to function as a social layer (social #layer ) upon which other decentralized applications (DApps) can integrate, utilizing its secure communication base and community governance to enrich their own applications in Rio de Janeiro and around the world.