In 2023, I shouted against Odyssey in the official DC of Layerzero and got kicked out.

In 2024, I openly resisted and organized Voyage in the official DC of Linea, and got kicked out again.

Aren't you decentralized protocols advocating for power decentralization and community autonomy? My opinion as a black slave is also an opinion, right!? Why do you keep kicking me out?

At that time, I thought I would build a community that exists permanently on the chain, won't be kicked out by others, have control over it myself, and can monetize knowledge, that would be great.

At the beginning of 2023, I saw the creator economy -- the social protocol @townsxyz, which was led by a16z with $25.5 million. By 2024, I could form groups, and I could finally play in this Web3 Discord. This year, the funding amount reached $46 million, which really surprised me. The investment in SocialFi by venture capital is indeed high.

For airdrops, I only did 2 accounts and received $50 this month, quite comfortable. Playing and earning, that’s the essence of experiencing Web3.

🌈 After saying so much, what I want to talk about today is the tokenomics of $TOWNS. My first instinct: there’s meat.

🔸 Airdrop rewards?

According to the official white paper, the community distribution ratio is 57%, including (airdrops, grants, governance rewards). This means that the project party will continuously carry out incentive activities to encourage users to use this on-chain social product and reward everyone with tokens. Do you all understand now??

🔹 Buyback and burn

TOWN is an open protocol where users can build bots, automation tools, etc. It is no longer limited to chat groups. All services built on Towns need to pay fees to the protocol, which will be used for the buyback and burn of the $TOWNS token.

The official announcement stated that $4 million has been collected in fees, which has all been used for buyback and burn.

This is interesting; no wonder there has been a big drop these days, the price of $TOWNS remains stable as a rock.

✅ My suggestion

Everyone should closely follow the two official accounts @TownsProtocol and @townsxyz. If any activities are published, definitely participate and try it out. You might get a lot more surprises than the TGE airdrop.

Not much to say, those who understand, understand.

For example, like the image below, do a good hedge and play around; the rest, you can discover for yourselves.

Have fun.