A new coin, Towns Protocol, is appearing on the Binance exchange today — it is a decentralized group chat platform built on the Base network. It allows users to create, manage, and control their own digital communities. The design is inspired by platforms such as Discord but integrates blockchain technologies to enhance user autonomy.

With access limited to ERC-20 tokens, NFTs, or specific wallet addresses, the Towns Protocol ensures complete ownership and community moderation. Supported by investments of $25.5 million in a Series A funding round led by a16z,