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 adoption of the town square concept, 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 communicate freely with others using a completely decentralized, end-to-end encrypted chat protocol.

Towns provides users with the foundational building blocks to create their ideal community. The ownership of each Town exists on-chain, allowing it to be transferred, sold, or held by another smart contract (such as a DAO or multi-signature), while Towns empowers communities to create programmable, autonomous gathering spaces for communication, enabling the construction of new clients or APIs, and maintaining complete control and customization, allowing any group to organize and chat freely with Towns and design rules that meet their needs. In addition, community owners can create unique experiences for communities, NFTs, and games, such as selling access keys to specific channels, rewarding members for their contributions, or allowing users to trade NFTs directly in chat, etc.

Towns is an ERC 20 token with an initial supply of 10 billion tokens and an initial annual inflation rate of 8%, linearly decreasing to 2% over 20 years. The formula for new tokens added each year is: Annual inflation amount = Current total supply * Annual inflation rate (for example, the inflation amount in the first year is 800 million tokens, the total amount in the second year increases to 10.8 billion, and the inflation amount in the next year is 864 million tokens, 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: 7.9%;

Public Investor: 2.62%;

Node Inflation: 1.27%.

Binance Alpha will be the first platform to launch Towns (TOWNS) on August 5th!

At the same time, Towns is also participating in Binance Launchpool activities. Newcomers may not know what this is or its benefits, but in reality, Launchpool is very popular among seasoned investors because it involves almost no risk and allows them to obtain new tokens, equivalent to the daily red envelopes issued by Binance!

For Binance BNB holders, the hodler airdrop is a capital-protected earning product of the platform, costing 0, and has brought considerable returns to BNB holders over time. Therefore, if you want to participate in such risk-free earning products, you should pay more attention to Binance's Launchpool, BNB hodler airdrop, and megadrop.

#Binance Launchpool: https://t.co/lqziaFs1Ko

#Binance participation link: