Binance Alpha will launch #Towns (TOWNS), with a threshold of 230 points, allowing for the claim of 1359 TOWNS tokens airdrop.

Just now it jumped to 10U each on-chain, which surprised everyone, if it could be sold, it would be great (just kidding)... At the current price of 0.07 dollars, it would be worth 100 dollars, I guess it’s a decent profit.

The Towns Protocol is a protocol for building decentralized real-time messaging applications, specifically designed for communication on the blockchain. The protocol consists of an EVM-compatible Layer 2 chain, decentralized flow nodes off-chain, and smart contracts deployed on Base. Towns allows users to create programmable communication use cases in a permissionless manner, called 'Spaces'. These spaces can be owned, accumulate value, have on-chain subscription features (called 'membership'), an extensible reputation system, and end-to-end message encryption protection. Space creators generate income by selling on-chain memberships. The Towns Protocol accumulates value by charging fees on membership sales, transactions between users, and tips. These fees are collected in ETH and used for programmatic buybacks and burns to offset rewards distributed to node operators. As of July 26, Towns' total revenue has exceeded 9117 ETH, and the net fees collected by the protocol have exceeded 901 ETH.

A social project, from the introduction, it seems a bit like a web3 version of campus/QQ space/discord? The data development seems quite strong, with nearly 10,000 secondary income, and this time the launch on Binance Alpha has increased its visibility...

Top VCs like A16Z and Coinbase have backed it, and it now has a market cap of 150 million, FDV of 1.1 billion, and the valuation is already quite high. But when FOMO comes, no one can stop it. There may be a bit of hype in the early stage, now selling directly at 100U brings peace of mind, those who want to hold can consider the range of 0.1-0.25 dollars. #DYOR