TOWN Protocol by 0xM
TOWN lets shareholders pool tokenized stock into a campaign contract behind a stated objective, such as pushing a company to change its name. The stock never leaves the contract, and backers can redeem under the campaign’s published terms.
How it works
- 1
Publish the terms
The proposer sets the objective, goal, deadlines and redemption fee. The first deposit freezes them for good.
- 2
Back the campaign
Deposit tokenized stock and receive campaign tokens. Once backing reaches the goal, the proposer pursues the objective.
- 3
Leave when you choose
Redeem any time under the terms. If matured exits reach half the supply, the campaign winds down and everyone redeems fee-free.
Good to know
- No SPV, DAO, custodian or offchain transfer. No protocol fee, owner, pause switch or upgrade path.
- Every action is a transaction you confirm in your own wallet. The app holds no keys.
- Research campaigns from MummAI with the TOWN connector.
What it costs
Real network gas. The only fee is a redemption fee on partial early exits, and it stays in the vault for the remaining holders.
Not yet
The demo on Robinhood Chain uses mPRPL, a valueless mock token standing in for Purple Innovation stock. It confers no shares, ownership or votes.