The Binance HODLer airdrop has now launched the 30th project – Towns ($TOWNS)

Project overview:

Towns Protocol is an open-source protocol for building decentralized real-time communication applications based on blockchain, particularly suitable for private group chat scenarios with on-chain membership.

It is essentially an App Chain focused on social communication, where users can create fully owned Spaces, achieving end-to-end encrypted chat, on-chain identity, programmable access control, and community governance.

Project advantages:

1. Scarcity in the track + real demand: Decentralized social communication is the next hot track in Web3, and Towns deeply integrates social scenarios with on-chain identities.

2. Clear and sustainable economic model: Membership and protocol fees provide operational momentum for the network, while the native token empowers scenarios.

3. High on-chain rate and clear on-chain activity: The current product has been deployed on the Base chain, with a rigorous structure, not a conceptual airdrop.

4. Clear governance structure: Community governance is achieved through Towns Lodge, and the DAO-style operation has good market consensus.

Financing situation:

Series A financing: In October 2024, Towns completed Series A financing, raising approximately $25.5 million, led by Andreessen Horowitz, Framework Ventures, Benchmark, and other well-known institutions.

Series B financing: In April 2025, completed a $10 million Series B financing, led by a16z Crypto, with continued participation from Coinbase Ventures, Benchmark, etc.

Public offering round: In June 2025, Towns conducted a public offering, successfully raising approximately $3.3 million, with investors including Base Ecosystem Fund, echo, etc.

Token distribution

Token name: TOWNS

Genesis supply: 10,128,177,374 tokens

Maximum supply: 15,327,827,980 tokens

Circulation at the time of Binance listing: approximately 2.11 billion (20.83% of the total supply of genesis tokens)

This HODLer airdrop allocation: 305,848,461 tokens (3.02% of the total supply of genesis tokens)

How to participate in the HODLer airdrop (now open)

Event time: July 14, 2025, 08:00 to July 18, 2025, 07:59 (UTC+8)

Participation conditions: Use BNB to subscribe to capital-preserving earning products (fixed/variable) or on-chain earning products, the system will automatically backtrack snapshots.

Reward method: $TOWNS will be distributed to users' spot wallets at least 1 hour before trading goes live.

Hurry up and join us 👇

Registration invitation code: XBXFHXC1, register directly on the Binance app interface.

Summary: Towns is a communication protocol with a clear application scenario, systematic economic model, and actual on-chain deployment.

Given Binance's emphasis on the project (HODLer airdrop + multiple trading pairs going live), it can be seen as a mid- to long-term potential project worth observing.

For users who have participated in Binance BNB financial products or on-chain earning products, it is recommended to check if the airdrop has been received; for users who have not yet been involved, they can also consider the project's fundamentals before choosing to invest.