# $TOWN

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* Contract Address : 0x1aaeb7d6436FDA7cDac7b87ab8022e97586d2Da1
* Chain : BSC
* Maximum Supply : 2,000,000,000 TOWN 
  {% endhint %}

$TOWN is Alt.town's governance token and can be transferred to external exchanges and wallets. $TOWN is used for a variety of activities, including KEY exchange for Alt.town DNA transactions, external transfer fees, NFT production, governance participation, and staking.

$TOWN has a total supply of 2 billion tokens and the allocation is as follows: 15.5% for investors, 24.5% for the community, 18.5% for the treasury, 17.5% for the ecosystem, 17% for the liquidity, 5% for teams and 2% for advisors. $TOWN distribution and vesting periods begin at the time of its initial listing, following the Token Generation Event (TGE). Following the TGE, TOWN will be distributed at regular intervals such as monthly, or quarterly, with periodic unlocking and vesting. 

For detailed information on token distribution, lock-up, and vesting schedules, please refer to the separate Token Release Plan.

<figure><img src="/files/LyifaALc6zqa4EZwX7TG" alt=""><figcaption></figcaption></figure>

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The price of TOWN is calculated based on the price of CoinMarketCap.
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{% embed url="<https://www.alt.town/town>" %}


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