TownSquare, a cross-chain institutional yield infrastructure project, has announced a public sale for its TOWN token with a fundraising target of about $1 million. The sale will allocate roughly 0.66% of TOWN’s total supply and offers two pricing options: $0.015 per token with a six-month lockup, or $0.020 per token with immediate unlock at the token generation event. Individual commitments range from $100 to $100,000, and participants must complete KYC or KYB verification. If demand exceeds the allocation, tokens will be distributed on a pro-rata basis. The token will be issued on both Monad and Base. Registration opened on July 14, the commitment window will run from July 20 to July 26, and settlement starts on July 27. The sale will take place on Monad through on-chain token sale platform Sonar, with support from Echo. TownSquare previously raised a total of $16.25 million from investors including the World Liberty Financial ecosystem fund, OKX Ventures, Amber Group, Auros, and Animoca Ventures.
TownSquare, a cross-chain institutional yield infrastructure project, has announced a public sale for its TOWN token. The sale is set to allocate about 0.66% of TOWN’s total supply and aims to raise roughly $1 million.
The offering includes two pricing tiers. One is priced at $0.015 with a six-month lockup, while the other is priced at $0.020 with immediate unlock at TGE. Individual commitments range from $100 to $100,000. Participants are required to complete KYC or KYB verification, and any oversubscription will be handled on a pro-rata basis.
TOWN will be issued on both Monad and Base. The sale itself will be conducted on the Monad network through Sonar, an on-chain token sale platform supported by Echo.
On the timeline, registration opened on July 14. The commitment window will run from July 20 through July 26, and settlement will begin on July 27.
TownSquare has previously raised a total of $16.25 million. Its backers include the World Liberty Financial ecosystem fund, OKX Ventures, Amber Group, Auros, and Animoca Ventures.
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