Towns Protocol plans to destroy $TOWNS tokens through fee buybacks, generating over $2.1 million in fees since launch
2025/07/01 08:39
PANews reported on July 1 that the communication platform Towns Protocol announced that it has generated more than $2.1 million in fees since its launch. Most of the fees will be used to strategically repurchase and destroy $TOWNS tokens to establish a sustainable feedback mechanism between usage and token demand. $TOWNS will serve as the foundation of the protocol to support its long-term development.
Earlier news said that the communication platform Towns Protocol completed an additional financing of US$3.3 million, led by Coinbase Ventures and others .
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