Quick Overview of Towns (TOWNS)
What is Towns?
Towns is a protocol for building digital communities and a group chat domain built on blockchain, aiming to create "electronic towns" that creators and users can fully own and control. The digital currency associated with the protocol, $TOWNS, promotes the idea of ownership within these communities.
Currency Functions:
Users can stake TOWNS to participate in governance and earn yields. It also supports an economic model based on fees generated from subscriptions, tips, and trading, where a portion of these fees is automatically burned in the system to enhance value and scarcity.
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Current price data and market performance
Current price: The price ranges around $0.0310 to $0.0314 depending on the platform used; for example:
Binance shows the price at $0.031145 with a positive change of +0.65% over 24 hours, with a trading volume exceeding $340 million.
CoinMarketCap records the price at around $0.03085, and the currency market ranks around #487–486, with an approximate market cap of $65 million.
CoinGecko shows today's range between $0.02990 and $0.03199, with a daily trading volume exceeding $331 million.
Max and circulating market:
Circulating Supply: Approximately 2.11 billion coins.
Expected Max Supply: Around 15.3 billion coins.
Total Market Capitalization: Ranges between $65 and $66 million.
Price movements:
All-Time High (ATH): Reaches around $0.0755 on August 5, 2025, and the current price is about 55% to 60% lower than ATH.
All-Time Low (ATL): Recorded a low around $0.0286 on August 14, 2025, and the current price is ~9% higher.
Over the past week, we observe a price decline of about 9–10%.
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Major Events and News
Recent listing on Bithumb: This action increased trading activity and contributed to a price jump of ~14.7%.
Major Funding and Investments:
According to ICO Drops reports, approximately $61 million has been raised through multiple funding rounds, including rounds A and B with notable investors such as a16z, Framework Ventures, Coinbase Ventures, and Benchmark.
While CryptoRank estimates funding rounds at approximately $39.9 million across various rounds, including public sales and others.
Airdrop round via Binance: Targeted users of "Simple Earn" products from July 14 to 17, 2025, distributing approximately 305.85 million coins (~3.02% of total supply).
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Summary
Item Key Details
Current Price Around $0.031
Performance Compared to ATH/ATL ~55–60% lower than ATH, ~9% higher than ATL
Market Cap Between $65–66 million
Daily Trading Volume Between $300–340 million
Circulating/Max Supply 2.11 billion vs 15.3 billion
Important News Listing on Bithumb, Airdrop distributions, Major funding
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Proposed Steps to Move Forward
If you would like a deeper analysis, we can expand on:
Technical Analysis: Such as moving averages, price resistances and supports.
A look at the roadmap: To understand the future updates of the protocol.
Compared to its market counterparts: TOWNS performance against other Web3 communication protocols.
Real Use Cases: How do features like staking and fees contribute to the sustainability of the system?
