Original title: (Towns, which raised 46 million USD, is about to launch, will the airdrop value likely be 'small'?)
Original author: Asher, Odaily Planet Daily
You can again claim the 'Pork Leg Rice'.
Last night, according to official news, Binance Alpha will launch Towns (TOWNS) on August 5. Although Towns did not conduct TGE in Q2, its launch on Binance Alpha means that Towns is about to conduct a token airdrop for early interacting users. (Note from Rhythm BlockBeats: On August 4, according to the official announcement, Binance Spot and Binance HODLer airdrops will launch TOWNS on August 5.)
Below, Odaily Planet Daily will introduce the Towns project, token economic model, airdrop situation, off-market prices, and point valuation.
Towns: Blockchain version of Discord
Towns is a group chat protocol and application designed specifically for online communities, consisting of three parts: smart contracts, a decentralized node network, and applications built on the Towns protocol. The biggest feature of Towns is the idea of a town square, combining community, NFTs, and games, providing users with an Ethereum-based smart contract system and end-to-end encrypted chat. Towns allows community members to own their town square and freely communicate with others through a fully decentralized, end-to-end encrypted chat protocol.
Towns provides users with the foundational building blocks to create ideal communities. The ownership of each Town exists on-chain, so it can be transferred, sold, or held by another smart contract (such as a DAO or multi-signature). Towns enables communities to create programmable, self-governing gathering spaces for communication, allowing for the development of new clients or APIs while maintaining complete control and customization, enabling any group to use Towns for organization and free chat, and design rules that meet their needs. Furthermore, community owners can create unique experiences for communities, NFTs, and games, such as selling access keys to specific channels, rewarding members for contributions, or allowing users to trade NFTs directly in chat.
According to the latest official disclosures, Towns has raised a total of 46 million USD so far, with investors including a16z Crypto, Coinbase Ventures, Benchmark, Framework, echodotxyz, and others.
Total funding for Towns reached 46 million USD
According to Towns project leader coinbilly, as of now, the Towns platform has generated over 35 million USD in actual revenue, with approximately 3.5 million USD in fees used for buyback and destruction.
Towns Token Economic Model: Airdrop accounts for nearly 10%
TOWNS is an ERC 20 token, with an initial supply of 10 billion and an initial annual inflation rate of 8%, decreasing linearly to 2% over 20 years. The formula for calculating new token supply each year is: Annual Inflation Amount = Current Total Supply * Annual Inflation Rate (for example, the first year's inflation amount is 800 million, the second year total increases to 10.8 billion, the next year's inflation amount is 864 million, and so on). Additionally, the specific token distribution is as follows:
· Community Reserve: 43.14%;
· Team: 21.46%;
· Investor: 13.74%;
· Airdrop: 9.87%;
· Nodes Year 1 Incentives: 7.9%;
· Public Investor: 2.62%;
· Node Inflation: 1.27%.
TOWNS Token Economic Model
Early interacting users will receive nearly 10% of the total token supply, and 43% will still be reserved for future rewards.
Nearly 400,000 point users, with more than 1,000 points can rank in the top 75%
According to on-chain data, the total number of users on the Towns platform is 573,000, with a total of 446,000 towns created, of which 397,000 are users with points. The specific point distribution is as follows:
· Users with more than 100,000 points: 7,000, ranking in the top 1.76%;
· Users with more than 50,000 and less than 100,000 points: 6,000, ranking in the top 3.35%;
· Users with more than 20,000 and less than 50,000 points: 22,800, ranking in the top 9.07%;
· Users with more than 10,000 and less than 20,000 points: 25,800, ranking in the top 15.57%;
· Users with more than 5,000 and less than 10,000 points: 28,500, ranking in the top 22.75%;
· Users with more than 1,000 and less than 5,000 points: 210,000, ranking in the top 75.64%;
· Users with more than 0 and less than 1,000 points: 95,900, ranking in the top 100%;
It is not difficult to find that users with over 1,000 points can rank in the top 75%, making the probability of receiving an airdrop extremely high.
Analyzing from the perspective of the members creating towns:
· Towns with 1 member: 34,900;
· Towns with 2 to 3 members: 27,900;
· Towns with 4 to 5 members: 36,000;
· Towns with 6 to 10 members: 47,100;
· Towns with 11 to 15 members: 12,200;
· Towns with 16 to 20 members: 4,900;
· Towns with more than 20 members: 12,500.
Most towns are still in the early stage and have not attracted user attention, with towns having more than 10 members accounting for only 16.8%. Additionally, users can check their ranking status without connecting a wallet by entering their wallet address through layerHub (link: https://layerhub.xyz/search?p=towns).
The first round of snapshots ended on April 10, and the second round has not yet occurred
Previously, Towns announced on X that the first round of snapshots ended on April 10, and the second round of snapshots will take place before the airdrop (which has not yet occurred). Both snapshots will be included in the token airdrop. Therefore, to maximize the amount of airdrop tokens received, it is recommended that users with previous interaction records continue to check in daily and remain active until the airdrop query system opens.
Daily Check-in Illustration
4 billion points can be exchanged for 1 billion tokens, and the airdrop may be 'small'
According to on-chain data, the total points distributed by the Towns platform has exceeded 4 billion. In the token economic model, about 10% of the total token supply is used for airdrop rewards, which is approximately 1 billion TOWNS tokens. Based on the current estimate that about 400,000 point users can receive an airdrop, the overall distribution will show a ratio of '1 billion tokens allocated to 4 billion points'—meaning that each point can roughly be exchanged for 0.25 TOWNS.
Referencing the pre-market trading price of TOWNS on Mexc (currently reported at $0.049/token), it translates to a potential value of $0.0049 per point. This means that for every 10,000 points, users can receive 2,500 tokens, which estimates to an airdrop token value of $120.
TOWNS token pre-market trading price on the Mexc platform
The above analysis does not consider point thresholds, witches, and other factors. Users who actually qualify for the token airdrop will receive more valuable tokens, but whether from objective data or community sentiment, this airdrop from Towns is likely to be 'small'.
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