Original Title: "With $46M Funding, Towns is About to Go Live, Airdrop Highly Likely 'Little Hair'? "

Original Author: Asher, Odaily Planet Daily

Time to receive "Pig's Trotters Rice" again.

Last night, according to official sources, Binance Alpha will go live with Towns (TOWNS) on August 5th. While Towns did not conduct a TGE in Q2, the launch of Binance Alpha implies that Towns is about to airdrop tokens to early participants. (Rhythm BlockBeats Note: On August 4th, according to an official announcement, Binance Spot and Binance HODLer airdrops will go live with TOWNS on August 5th.)

Below, Odaily Planet Daily takes you through the Towns project, tokenomics, airdrop details, off-exchange price, and token valuation.

Towns: Blockchain Version of Discord

Towns is a group chat protocol and application designed for online communities, consisting of three parts: smart contracts, a decentralized node network, and applications built on the Towns protocol. Towns' key feature is the idea of a town square, combining community, NFTs, and gaming to provide users with an Ethereum-based smart contract system and end-to-end encrypted chat. Towns allows community members to own their town square—engaging in free communication through a fully decentralized, end-to-end encrypted chat protocol.

Towns provides users with the foundational building blocks to create an ideal community. Ownership of each Town is on-chain, allowing for transfer, sale, or holding by another smart contract (such as a DAO or multi-signature), while empowering the community to create programmable, autonomous gathering spaces for communication. This enables the development of new clients or APIs with full control and customization, allowing any group to organize and chat freely using Towns, designing rules that suit their needs. Additionally, community owners can create unique community, NFT, and gaming experiences, such as selling access keys to specific channels, rewarding member contributions, or enabling direct NFT trades in chat.

According to the latest official disclosure, Towns has raised a total of $46M in funding, with investors including a16z Crypto, Coinbase Ventures, Benchmark, Framework, echodotxyz, among others.

Towns Total Funding Reaches $46 Million

According to Towns project lead coinbilly, the Towns platform has generated over $35 million in actual revenue to date, with approximately $3.5 million in fees used for buyback and burn.

Towns Tokenomics: Airdrop Accounts for Nearly 10%

TOWNS is an ERC-20 token with an initial supply of 10 billion tokens and an initial annual inflation rate of 8%, decreasing linearly to 2% over 20 years. The formula for annual new token issuance is: Inflation Amount = Current Total Supply * Annual Inflation Rate (e.g., the first-year inflation amount is 800 million tokens, with the total reaching 10.8 billion in the second year, resulting in an inflation amount of 864 million tokens in the following year, and so on). Furthermore, the specific token allocation is as follows:

· Community Reserve: 43.14%;

· Team: 21.46%;

· Investors: 13.74%;

· Airdrop: 9.87%;

· Year 1 Nodes Incentives: 7.9%;

· Public Investors: 2.62%;

· Node Inflation: 1.27%.

TOWNS Tokenomics

Users who participated early in the interaction will receive nearly 10% of the total token supply, with 43% still allocated for future rewards.

Point Users Approach 400,000, with Top 75% Having Over 1,000 Points

According to on-chain data, the total number of users on the Towns platform is 573,000, with a total number of created towns being 446,000. Among them, 397,000 users have points, with the specific distribution of points as follows:

· Users with over 100,000 points: 0.7K users, ranking in the top 1.76%;

· Users with over 50,000 but less than 100,000 points: 0.6K users, ranking in the top 3.35%;

· Users with over 20,000 but less than 50,000 points: 2.28K users, ranking in the top 9.07%;

· Users with over 10,000 but less than 20,000 points: 2.58K users, ranking in the top 15.57%;

· Users with over 5,000 but less than 10,000 points: 2.85K users, ranking in the top 22.75%;

· Users with over 1,000 but less than 5,000 points: 21K users, ranking in the top 75.64%;

· Users with over 0 but less than 1,000 points: 9.59K users, ranking in the top 100%.

It is easy to see that users with over 1,000 points can rank in the top 75% and have a very high chance of receiving airdrops.

From the perspective of town creation:

· Towns with 1 member: 3.49K towns;

· Towns with 2 to 3 members: 2.79K towns;

· Towns with 4 to 5 members: 3.60K towns;

· Towns with 6 to 10 members: 4.71K towns;

· Towns with 11 to 15 members: 1.22K towns;

· Towns with 16 to 20 members: 0.49K towns;

· Towns with over 20 members: 1.25K towns.

Most towns are still in the early stage without much user attention, with only 16.8% of towns having over 10 members. In addition, users can check their ranking by entering their wallet address on layerHub without connecting a wallet (link: https://layerhub.xyz/search?p=towns).

The first snapshot ended on April 10th, and the second snapshot has not been taken yet

Earlier, Towns announced in a post on X that the first snapshot ended on April 10th, and the second snapshot will be taken before the airdrop (which has not happened yet). Both snapshots will be included in the token airdrop. Therefore, to maximize the amount of airdropped tokens received, it is recommended that users who have interacted before continue to check-in daily and remain active until the airdrop query system is open.

Daily Check-in Illustration

40 Billion Points Exchange for 1 Billion Tokens, Airdrop Possibly for "Pocket Change"

According to on-chain data, the total points issued by the Towns platform has exceeded 40 billion. Around 10% of the total token supply in the tokenomics is allocated for airdrop rewards, which equates to about 1 billion TOWNS tokens. Based on an estimate that approximately 400,000 point users will receive the airdrop, the overall distribution will show a ratio of "1 billion tokens allocated to 40 billion points" — meaning approximately 0.25 TOWNS can be exchanged for 1 point.

Referring to the pre-trading price of TOWNS on Mexc (currently at $0.049 per token), the potential value of 1 point is $0.0049. This implies that for every 10,000 points owned, a user can receive 2,500 tokens and potentially receive $120 worth of tokens through the airdrop.

Pre-trading Price Situation of TOWNS Token on Mexc Platform

The analysis above does not account for factors such as point thresholds and bots. Users eligible for the airdrop based on objective data or community sentiment are likely to receive more valuable tokens, but whether from an objective data perspective or community sentiment, this Towns airdrop is most likely just "pocket change."

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