Author: Asher (@Asher_0210), Odaily Planet Daily

You can claim "Pork Knuckle Rice" again.

Last night, according to official news, Binance Alpha will launch Towns (TOWNS) on August 5. Although Towns did not conduct a TGE in Q2, its launch on Binance Alpha means that Towns is about to airdrop tokens to early interactive users.

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

Towns: The 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 its adoption of the town square concept, combining community, 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 a fully decentralized, end-to-end encrypted chat protocol.

Towns provides users with the foundational building blocks to create their ideal community. 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 empowers communities to create programmable, autonomous gathering spaces for communication, build new clients or APIs, and maintain complete control and customization, enabling any group to organize and chat freely using Towns and design rules that meet their needs. Additionally, community owners can create unique experiences for communities, 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 has raised a total of $46 million.

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

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%, linearly decreasing to 2% over 20 years. The formula for calculating the annual new token supply is: Annual Inflation Amount = Current Total Supply * Annual Inflation Rate (for example, the first year's inflation amount is 800 million tokens, the second year's total increases to 10.8 billion, and the next year's inflation amount is 864 million tokens, and so on). Additionally, the specific token distribution is as follows:

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

TOWNS Token Economic Model

Early interactive users will receive nearly 10% of the total token supply, with an additional 43% reserved for future rewards.

Nearly 400,000 Point Users, Over 1,000 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, of which 397,000 users have points. The specific point distribution is as follows:

• Users with over 100,000 points: 7,000, ranking in the top 1.76%;
• Users with between 50,000 and 100,000 points: 6,000, ranking in the top 3.35%;
• Users with between 20,000 and 50,000 points: 22,800, ranking in the top 9.07%;
• Users with between 10,000 and 20,000 points: 25,800, ranking in the top 15.57%;
• Users with between 5,000 and 10,000 points: 28,500, ranking in the top 22.75%;
• Users with between 1,000 and 5,000 points: 210,000, ranking in the top 75.64%;
• Users with between 0 and 1,000 points: 95,900, ranking in the top 100%.

It is not difficult to see that users with over 1,000 points can rank around the top 75%, making the probability of receiving an airdrop extremely high.

From the perspective of town creation members, the analysis shows:

• Towns with 1 member: 34,900;
• Towns with 2 to 3 members: 27,900;
• Towns with 4 to 5 members: 36,000;
• Towns with 6 to 10 members: 47,100;
• Towns with 11 to 15 members: 12,200;
• Towns with 16 to 20 members: 4,900;
• Towns with more than 20 members: 12,500.

Most towns are still in the early stages and have not attracted user attention, with towns having more than 10 members accounting for only 16.8%. Additionally, users can check their ranking without connecting a wallet by entering their wallet address through layerHub (link: https://layerhub.xyz/search?p=towns).

The First Snapshot Ended on April 10, the Second Snapshot Has Not Yet Occurred

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

Daily Check-in Example

4 billion points can be exchanged for 1 billion tokens, and the airdrop may be "small change."

According to on-chain data, the total points issued by the Towns platform have exceeded 4 billion. Approximately 10% of the total token supply is allocated for airdrop rewards, which is about 1 billion TOWNS tokens. Estimating based on the current approximately 400,000 point users, the overall ratio will present a "1 billion tokens distributed to 4 billion points" relationship—meaning that each point can be exchanged for approximately 0.25 TOWNS.

Referring to the pre-trading price of TOWNS on Mexc (currently reported at $0.049 per token), this translates to a potential value of $0.0049 per point. This means that for every 10,000 points, a user can receive 2,500 tokens, estimated to be worth $120 in token airdrop.

TOWNS Token Pre-Trading Price Situation on Mexc

The above analysis does not consider point thresholds, witches, and other factors. Users who actually qualify for the token airdrop will receive tokens of greater value, but whether from objective data or community sentiment, this round of airdrop from Towns is likely to be "small change."

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