The Towns project, which has raised 46 million USD, is about to launch, and the airdrop is likely to be "Xiao Mao"?

Nearly 400,000 points users, every 10,000 points can be exchanged for 2,500 TOWNS.

Written by: Asher (@Asher_ 0210), Odaily Planet Daily

You can receive "Pork Knuckle Rice" again.

Last night, according to official news, Binance Alpha will launch Towns (TOWNS) on August 5. Although Towns did not have a TGE in Q2, the launch on Binance Alpha means that Towns will soon conduct token airdrops for early users who participated in the interactions.

Below, Odaily Planet Daily will introduce the Towns project, token economic model, airdrop situation, off-market prices, and point valuation.

Towns: Blockchain Version of Discord

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, which combines communities, 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 through a completely decentralized, end-to-end encrypted chat protocol.

Towns provides users with the building blocks to create their ideal communities. 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). At the same time, Towns empower communities to create programmable, autonomous gathering spaces for communication, enabling the development of new clients or APIs while maintaining complete control and customization, allowing any group to organize and chat freely using Towns and design rules that meet their needs. Additionally, community owners can create unique community experiences, 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.

According to the latest official disclosure, Towns has raised $46 million to date, with investors including a16z Crypto, Coinbase Ventures, Benchmark, Framework, echodotxyz, and others.

Towns total financing amount reached 46 million USD

According to coinbilly, the project leader of Towns, the Towns platform has generated over 35 million dollars in real revenue to date, with approximately 3.5 million dollars in transaction fees used for buybacks and burns.

Towns Token Economic Model: 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%, which linearly decreases to 2% over 20 years. The formula for calculating the annual new token amount is: Annual Inflation = 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). In addition, the specific token distribution is as follows:

• Community Reserve: 43.14%;
• Team: 21.46%;
• Investor: 13.74%;
• Airdrop: 9.87%;
• Year 1 Node Incentive (Nodes Year 1): 7.9%;
• Public Investor: 2.62%;
• Node Inflation: 1.27%.

TOWNS Token Economic Model

Early participants in the interaction will receive nearly 10% of the total token supply, and 43% is still reserved for future rewards.

Nearly 400,000 users have points, and those with more than 1000 points can rank in the top 75%.

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

• Users with more than 100,000 points: 0.7 million, ranking in the top 1.76%;
• Users with points greater than 50,000 and less than 100,000: 0.06 million, ranking in the top 3.35%;
• Users with points greater than 20,000 and less than 50,000: 22,800, ranking in the top 9.07%;
• Users with points greater than 10,000 and less than 20,000: 25,800, ranking in the top 15.57%;
• Users with points greater than 5000 and less than 10,000: 28,500, ranking in the top 22.75%;
• Users with points greater than 1000 and less than 5000: 210,000, ranking in the top 75.64%;
• Users with points greater than 0 and less than 1000: 95,900, ranked in the top 100%.

It is not difficult to find that users with more than 1000 points can rank in the top 75%, making the probability of receiving an airdrop very high.

Analyzing from the perspective of the members who created the town:

• There are 34,900 towns with a membership of 1.
• There are 27,900 towns with a membership of 2 to 3 members;
• There are 36,000 towns with a membership of 4 to 5 members;
• There are 47,100 towns with a membership size of 6 to 10;
• There are 12,200 towns with a population of 11 to 15 members;
• There are 49,000 towns with a membership of 16 to 20.
• There are 12,500 towns with more than 20 members.

Most towns are still in the early stage of not being noticed by users, with only 16.8% of towns having more than 10 members. In addition, partners can check the ranking status by entering the wallet address through layerHub without needing to connect a wallet (link:

The first round of snapshots ended on April 10, and the second round of snapshots has not yet taken place.

Previously, Towns posted on X announcing that the first round of snapshots ended on April 10, and the second round of snapshots will take place before the airdrop (which has not yet occurred). Both snapshots will be included in the token airdrop. Therefore, in order to maximize the number of airdrop tokens received, it is recommended that users with prior interaction records continue to check in daily and remain active until the airdrop query system opens.

Daily Sign-in Illustration

4 billion points can be exchanged for 1 billion tokens, the airdrop may be "Little Hair"

According to on-chain data, the total points issued by the Towns platform has exceeded 4 billion. About 10% of the total token supply in the token economic model is used for airdrop rewards, which is approximately 1 billion TOWNS tokens. Based on the current estimate that around 400,000 points users can receive an airdrop, the overall ratio will present as "1 billion tokens distributed to 4 billion points"—meaning that each 1 point can be roughly exchanged for 0.25 TOWNS.

Referencing the pre-market trading price of TOWNS on Mexc (currently reported at 0.049 USD/token), the potential value of each point is calculated to be 0.0049 USD. This means that for every 10,000 points a user has, they can obtain 2,500 tokens, which is estimated to be worth 120 USD in token airdrop.

TOWNS token pre-market trading price situation on the Mexc platform

The above analysis does not take into account factors such as point thresholds, witches, etc. Users who actually qualify for the token airdrop will receive tokens of greater value. However, based on both objective data and community sentiment, the likelihood of Towns' airdrop being a "small hair" is high.