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Towns Protocol Plans to Repurchase and Destroy $TOWNS Tokens to Establish Sustainable Feedback Mechanism

Summary: Communication platform Towns Protocol announced that it has incurred over $2.1 million in expenses since its launch. The majority of these expenses will be used for strategic repurchasing and burning of $TOWNS tokens to establish a sustainable feedback mechanism between usage and token demand. $TOWNS will serve as the foundation of the protocol to support ...

Communication platform Towns Protocol announced that it has incurred over $2.1 million in expenses since its launch. The majority of these expenses will be used for strategic repurchasing and burning of $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. In previous news, communication platform Towns Protocol secured an additional $3.3 million in funding, with lead investment from Coinbase Ventures and others.

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Link: Towns Protocol Plans to Repurchase and Destroy $TOWNS Tokens to Establish Sustainable Feedback Mechanism [Copy]

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