Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

You can get "pork trotter rice" again.

Last night, according to official news, Binance Alpha will launch Towns (TOWNS) on August 5. Although Towns did not conduct TGE in Q2, the launch of Binance Alpha means that Towns will soon airdrop tokens for users who participate in the interaction early.

Below, Odaily Planet Daily will introduce you to the Towns project, token economic model, airdrop situation, over-the-counter price and points valuation.

Towns: The Discord of the Blockchain

Towns is a group chat protocol and application designed specifically for online communities. It consists of three components: smart contracts, a decentralized node network, and applications built on the Towns protocol. Towns' most distinctive feature is its adoption of the town square concept, combining community, NFTs, and games to provide users with an Ethereum-based smart contract system and end-to-end encrypted chat. Towns allows community members to own their own town square and freely communicate with others using a fully decentralized, end-to-end encrypted chat protocol.

Towns provides users with the fundamental building blocks for creating their ideal communities. Ownership of each Town is stored on-chain, allowing it to be transferred, sold, or held by another smart contract (such as a DAO or multisig). Towns empowers communities to create programmable, autonomous gathering spaces for communication, allowing them to build new clients or APIs while maintaining full control and customization. This allows any group to organize and freely chat using Towns, designing rules that suit their needs. Furthermore, community owners can create unique community, NFT, and gaming experiences, 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 US$46 million so far , with investors including a 16 z Crypto, Coinbase Ventures, Benchmark, Framework, echodotxyz, etc.

Towns' total funding reaches $46 million

According to coinbilly, the project leader of Towns, the Towns platform has generated over $35 million in real revenue so far, and a total of approximately $3.5 million in transaction fees has been used for repurchase 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%, which decreases linearly to 2% over 20 years. The annual increase in tokens is calculated as follows: Annual inflation = current total supply * annual inflation rate (e.g., if the inflation is 800 million tokens in the first year, the total will increase to 10.8 billion in the second year, 864 million in the year after that, and so on). Furthermore, 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 users will receive nearly 10% of the total token supply, with 43% remaining for future rewards.

There are nearly 400,000 users with points. Users with more than 1,000 points can be ranked in the top 75%.

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

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

It is not difficult to find that users with more than 1,000 points can rank in the top 75% or so, and the probability of receiving airdrops is extremely high.

From the perspective of the members who created the town, we can find that:

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

Most towns are still in their early stages of development, with only 16.8% having more than 10 members. Furthermore, you can query the rankings on LayerHub by entering your wallet address without connecting to a wallet (link: https://layerhub.xyz/search?p=towns ).

The first round of snapshots ended on April 10, and the second round of snapshots has not yet been carried out.

Previously, Towns announced in a post on X that the first round of snapshots had concluded on April 10th. A second round of snapshots will be conducted before the airdrop (which has not yet occurred). Both snapshots will be included in the token airdrop. Therefore, to maximize the number of airdrop tokens received, users with existing interactions are advised to continue signing in daily and remain active until the airdrop query system is available.

Daily sign-in diagram

4 billion points exchanged for 1 billion tokens, the airdrop may be a small amount of money

According to on-chain data, the Towns platform has already distributed over 4 billion points. In the token economy model, approximately 10% of the total token supply is allocated for airdrop rewards, representing approximately 1 billion TOWNS tokens. Assuming that the current 400,000 points holders will receive an airdrop, the overall ratio is "1 billion tokens for 4 billion points" —meaning that each point can be redeemed for approximately 0.25 TOWNS tokens.

Based on the pre-market price of TOWNS on Mexc (currently $0.049 per token), the potential value of each point is $0.0049. This means that for every 10,000 points a user holds, they will receive 2,500 tokens, estimating a token airdrop worth $120.

TOWNS token pre-market trading price on the Mexc platform

The above analysis does not take into account factors such as the points threshold and witches. Users who actually qualify for token airdrops will receive tokens of greater value. However, both objective data and community sentiment suggest that Towns' airdrop is likely to be a small gain.