Social messaging protocol Towns announces TGE this quarter this year, with an initial 10% airdrop

TechFlow, April 16 — Social messaging protocol Towns Protocol announced it will launch the TOWNS token in the second quarter of 2025. The total supply of TOWNS will be 10 billion tokens, with an initial airdrop allocation of 10%. The token will launch on both Base and Ethereum.

Earlier reports indicated that Towns Protocol has raised a total of $35.5 million in funding, with participation from a16z, Coinbase Ventures, Benchmark, Framework Ventures, and others.