Question 1

What is TOWN?

Accepted Answer

TOWN is Alt.town's governance token, deployed on BNB Smart Chain (BSC). It is positioned both as a token for participating in platform decisions and as a token used in certain Alt.town service activities. TOWN should be understood separately from platform functions: TOWN is an on-chain token; KEY exchange, asset purchases, service fees, or governance participation are specific use cases designed by the platform around that token, and their availability depends on whether the corresponding service is open.

Question 2

How is TOWN's supply set?

Accepted Answer

TOWN has a fixed total supply of 2 billion tokens. A fixed supply means that the protocol page defines a total cap of 2 billion tokens; it does not mean all of those tokens enter market circulation at the same time. The displayed circulating supply, unlocked amount, and tradable supply are affected by initial allocation and subsequent unlocks. Therefore, when assessing available supply at a given point in time, the fixed total amount should be distinguished from the amount actually distributed or unlocked.

Question 3

How is TOWN allocated?

Accepted Answer

TOWN's allocation covers investors, treasury, ecosystem, community, airdrop, exchanges and liquidity, team, and advisors. The proportions listed on the official page are 15.5%, 18.5%, 17.5%, 20%, 4.5%, 17%, 5%, and 2%, respectively. These categories indicate that tokens are reserved for different purposes, rather than that all categories follow the same release pace. For example, the liquidity and exchange share is marked as 100% unlocked at TGE, while the team and advisor shares have cliff periods or longer vesting schedules. Allocation percentages themselves cannot be directly equated with circulating supply at a given time.

Question 4

How does TOWN unlock?

Accepted Answer

TOWN allocation and vesting begin after the token generation event (TGE). The official description states that the total amount is planned to be distributed over 5 years, or 60 months, from TGE, through regular unlock methods such as monthly or quarterly releases. The pace differs by category: investor shares vest over two years with semiannual unlocks; team shares vest over three years, following a 12-month cliff and then monthly releases; advisor shares vest over four years and have a 12-month cliff. Therefore, unlocking is the process of making allocated tokens available over time, not new issuance.

Question 5

What changed to TOWN's community allocation after migration?

Accepted Answer

The official page notes that, after migration, 100 million TOWN originally allocated to the community pool was reallocated to the treasury to support platform operations and the staking rewards program. This adjustment changes ownership between established allocation buckets: the community pool decreases by the corresponding amount and the treasury increases by that amount; it is not an additional issuance beyond TOWN's 2 billion total supply. Specific reward rules, eligibility, and distribution timing remain subject to subsequent official announcements.

Question 6

Which platform scenarios can TOWN be used for?

Accepted Answer

The official listed use cases for TOWN include exchanging it for KEY used in Alt.town DNA trading, external transfer fees, service fees, asset purchases, and NFT production; the page also mentions airdrops or special events. These uses correspond to platform services or activities, rather than rights automatically provided by TOWN itself. Before an operation, users should confirm whether the relevant service is open, the amount of TOWN required, and the fee or exchange rules, because specific conditions may differ among functions.

Question 7

What are TOWN staking and veTOWN?

Accepted Answer

The staking mechanism described on the Alt.town page is that staking TOWN provides veTOWN on a 1:1 basis, and holding veTOWN can earn staking rewards paid in TOWN. However, the page also explicitly states that “governance and rewards features are coming soon” and says detailed rules and reward structures will be announced separately. Therefore, this description indicates the framework of a planned mechanism and should not be regarded as a current commitment that participation or rewards are available under fixed conditions.

Question 8

Can holding TOWN enable governance participation?

Accepted Answer

Under the design on the official page, holding at least a minimum amount of veTOWN is required to be eligible to participate in Alt.town governance and in key decisions related to the platform. However, the page does not provide the minimum holding threshold, voting process, or rules for actual activation of governance functions; it also marks governance as coming soon. Therefore, TOWN is positioned as a governance token, but merely holding TOWN does not mean a holder has automatically obtained exercisable voting rights.

Question 9

What should be noted when transferring TOWN?

Accepted Answer

TOWN can be transferred to external wallets and trading platforms, and the official documentation lists its BSC contract address. Transfers should use the BSC network, and the recipient should be confirmed to support the same network and token contract. A network mismatch or sending tokens to an address that does not support that contract may prevent the assets from being displayed or processed normally. Before a transfer, users should also verify the address, network, and the platform's deposit rules.

Question 10

How should TOWN's supply, allocation, and circulation be understood?

Accepted Answer

To understand TOWN supply, fixed total supply, allocation buckets, vesting and unlocking, and actual circulating supply should be distinguished in sequence. The 2 billion tokens are the supply cap; allocations explain for whom or for what purpose tokens are reserved; unlocks determine when those shares become available according to plan. The post-migration reallocation of 100 million tokens from the community pool to the treasury shows that allocation ownership can be adjusted, but it does not change the fixed total supply. Funding use for the staking rewards program has been mentioned, while specific distribution conditions still await formal rules.

Question 11

How can TOWN's existing uses be distinguished from planned functions?

Accepted Answer

TOWN has both listed platform use cases and governance and rewards functions that are still pending launch. KEY exchange, fees, and asset purchases are officially listed uses; veTOWN, staking rewards, and governance eligibility remain subject to announced details or coming-soon status. Therefore, when assessing a right or function, it is necessary first to determine whether it is an already usable service or a roadmap or planned mechanism. Future functions, token allocation descriptions, and services currently available for operation should not be conflated.

Question 12

Which key mechanisms should be distinguished when understanding TOWN?

Accepted Answer

TOWN's core structure consists of four parts: a fixed-supply token on BSC, allocation to multiple categories and phased unlocking, Alt.town service use cases, and a governance and staking design mediated by veTOWN but with rules still to be completed. These parts answer different questions: total supply is not circulating supply, allocation is not immediately usable supply, service uses do not mean governance rights are already active, and planned rewards do not mean guaranteed returns. Checking these layers separately is necessary to understand TOWN's actual status accurately.

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