Here are detailed information about the Towns project (token TOWNS) — an innovative Web3 solution for decentralized communication:
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🏘 What is Towns Protocol?
Towns Protocol is a decentralized Discord-like platform built on Ethereum Layer 2 (Base), enabling private, encrypted group chats (Spaces) managed by smart contracts .
Each Space is tokenized as ERC‑721, allowing the owner to define membership rules, subscription prices, and user roles .
Messages on the network are end-to-end encrypted and processed by a distributed network of Stream Nodes .
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🎯 Utility of the TOWNS token
The TOWNS token plays a key role in the Towns ecosystem:
Governance: holders can vote on changes to the protocol and project decisions .
Staking & Rewards: staking tokens provides the opportunity to earn rewards and also enables delegation to node operators .
User incentives: moderators and active content creators can receive TOWNS as rewards for participation .
Transactions in the ecosystem: TOWNS also serves as a payment method on the platform .
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📊 Tokenomics and distribution
Total (continuous) supply: 10,128,177,374 TOWNS (~10.13 billion) .
Supply allocation:
∼57% for the community (airdrops, grants, rewards, ecosystem development)
∼35% for the team and investors
∼8% for node operators (node operators and delegators) .
With the Binance HODLer Airdrop, 305.85 million tokens (~3% of initial supply) were distributed .
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📅 Key dates & listing
Binance Airdrop: users who held or staked BNB in Simple Earn or On-Chain Yields products between July 14–17, 2025 received tokens automatically .
Token Generation Event (TGE): scheduled for August 5, 2025, at 17:30 UTC .
Spot trading start: August 5, 2025 (~14:30 UTC) – 5 pairs available: TOWNS/USDT, TOWNS/USDC, TOWNS/BNB, TOWNS/FDUSD, and TOWNS/TRY. No listing fees .
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🛠 Technology and functionalities
The protocol operates as an EVM-compatible L2 layer (Base) with key propagation, encryption, and real-time streaming .
Each Space is an individual, proprietary digital component, managed by users and community creators .
Advanced features: reputation, subscription automation, integration with DApps, role and membership tokenization mechanisms .
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✅ Pros and challenges
✅ Advantages:
Full control over privacy and digital ownership.
Modern communication infrastructure without a central server.
Possibility of monetizing the community through a Discord-like system.
⚠️ Risks:
The project is fresh — lack of price data and low market liquidity .
The token is still just reaching exchanges – a state of de facto absence of a liquid market .
High competition in the SocialFi / Web3 communication sector, regulations and real-world applications may influence adoption rates.
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📌 Summary
Aspect Information
Platform Towns Protocol – decentralized communication
Token TOWNS – governance, staking, payments
Total supply ~10.13 billion tokens
Binance Airdrop 305.8 million TOWNS (~20% supply)
Exchange listing Trading starts August 5, 2025
Advantages Privacy, community ownership, DAO structures
Risks Lack of liquidity, early phase of the project
