To conclude: it is recommended to claim
Price prediction: $0.20 - $0.30
Referencing FDV valuation range $1.5B - $3B
Advantages
1. Top-tier team and capital endorsement:
Founder Benrbn previously co-founded the phenomenal social applications Houseparty and Meerkatwtf, with deep insights into social networking and growth strategies. The project is backed by a16z, with top VCs like cbventures and Benchmark participating, raising nearly $40 million in total, with the latest round on June 9, 2025.
2. Market validation and real revenue
Before issuing tokens, over 440,000 spaces have been created, generating 1.4 million memberships and over 9,251 ETH (approximately $30 million) in on-chain revenue, proving strong demand for 'ownable and programmable group chat spaces'. 9.87% of tokens (nearly 1 billion) are allocated for airdrops, aiding in building a broad community.
Disadvantages
1. Overvaluation limits short-term gains:
Referring to Farcaster's $1 billion valuation, Towns' FDV may exceed $1 billion, with limited short-term upside for airdrop users and high volatility risk.
2. User migration barriers:
The habits of Discord and Telegram users are deeply ingrained, and the complexity and usage barriers of Web3 platforms may hinder user migration.
3. Potential selling pressure risk:
A massive airdrop of 9.87% may lead to selling pressure from profit-taking in the early stages after launch.
