From Hype to Backlash—A Single Tweet Turned the Mood Last night, Towns—the a16z-backed social protocol that raised $46 million—finally triggered its Token Generation Event (TGE) and opened airdrop claims. Instead of celebratory GIFs, crypto Twitter filled with outrage. Core complaints:“My six-figure point haul earned less than Binance Alpha’s 30-second quiz.”“Months of daily check-ins labeled me a Sybil, yet zero clarity on the rules.”“The blog said 10 % of total supply to the community, but ...

From Hype to Backlash—A Single Tweet Turned the Mood Last night, Towns—the a16z-backed social protocol that raised $46 million—finally triggered its Token Generation Event (TGE) and opened airdrop claims. Instead of celebratory GIFs, crypto Twitter filled with outrage. Core complaints:“My six-figure point haul earned less than Binance Alpha’s 30-second quiz.”“Months of daily check-ins labeled me a Sybil, yet zero clarity on the rules.”“The blog said 10 % of total supply to the community, but ...