1. Project Introduction
Towns Protocol is based on the Base chain and is a protocol for building decentralized real-time messaging applications. It consists of an EVM-compatible L2 chain, decentralized off-chain flow nodes, and smart contracts deployed on Base. Towns Protocol allows people to create programmable communication use cases in a permissionless manner, referred to as "Spaces." These Spaces are owned, feature on-chain subscriptions ("memberships"), a scalable reputation system, and end-to-end message encryption.
2. Project Review & Reasons to Follow
1. Strong financing power: The project has raised a total of 46 million USD, with backers including top institutions such as a16z Crypto, Coinbase Ventures, Benchmark, Framework Ventures, and echo, providing solid capital support.
2. Ecosystem has begun to take shape: The platform has created over 450,000 Spaces, covering more than 1.6 million member users, generating over 8,000 ETH in total revenue, and has 370,000 active space owners, demonstrating good user growth and product stickiness.
3. Strong momentum for TGE: The token will be launched simultaneously on major exchanges such as Binance Alpha and Bybit, ensuring good initial liquidity and market attention.
4. Coinbase has invested, and recently, Coinbase is working on a comprehensive product application, incorporating Zora, with a chance for Towns to be listed on Coinbase.
3. Token Utility
Node Delegation: Towns tokens are used to delegate to node operators, ensuring network security and stability.
Space Address Delegation: Tokens can be delegated to group chat spaces, unlocking more features such as data storage and customizable access permissions.
Governance: Token holders can participate in DAO governance, voting to determine the direction of protocol development.
4. Tokenomics
Token Allocation
Total Supply: 10 billion
Community Reserve: 43.14%, unlocking details not disclosed
Team: 21.46%, 1-year lock-up period, then linear release
Investor: 13.74%, 1-year lock-up period, then linear release
Airdrop: 9.87%, unlocking details not disclosed
Nodes Year 1: 7.9%, unlocking details not disclosedPublic
Investor: 2.62%, unlocking details not disclosedNode Inflation: 1.27%, unlocking details not disclosed
5. Team
Patrick Fives is a co-founder of Towns and a co-founder of the Towns Protocol.
Ben Rubin is a co-founder and CEO of Towns and a co-founder of the Towns Protocol. Previously, his company Houseparty was acquired by Epic Games in 2019. He holds a Bachelor of Architecture from the Technion - Israel Institute of Technology.
6. Investment
In June 2025, raised 3.3 million USD in funding, with investors including Coinbase Ventures and echo.
In April 2025, completed a Series B funding round of 10 million USD, with investments from a16z, Coinbase Ventures, and Benchmark.
Total funding amount reached 46 million USD, with investors including a16zCrypto, Coinbase Ventures, Benchmark, Framework Ventures, echo, and others.
7. Future Outlook
Multiple token use cases support long-term value: TOWNS integrates functions such as node delegation, feature unlocking, and governance, contributing to the establishment of a cyclical economic system.
Strong growth potential driven by the community: 57% of tokens are dedicated to community incentives, coupled with an existing user base of over one million, providing ongoing expansion momentum.
Attention needed on short-term unlocks and market sentiment fluctuation risks: Investors and team unlocks will commence sequentially, and initial price volatility may be substantial.
8. Project Information
Project Name: TOWNS
Token: TOWNS
Sector: Infrastructure
Website: https://www.towns.com/
Contract Address:
Ethereum： https://etherscan.io/token/0x000000Fa00b200406de700041CFc6b19BbFB4d13
Base：https://basescan.org/token/0x00000000a22c618fd6b4d7e9a335c4b96b189a38
BNB：https://bscscan.com/token/0x00000000bcA93b25a6694ca3d2109d545988b13B
Social Media:
Twitter: https://x.com/TownsProtocol (16.8K)
1. Project Introduction
Towns Protocol is based on the Base chain and is a protocol for building decentralized real-time messaging applications. It consists of an EVM-compatible L2 chain, decentralized off-chain flow nodes, and smart contracts deployed on Base. Towns Protocol allows people to create programmable communication use cases in a permissionless manner, referred to as "Spaces." These Spaces are owned, feature on-chain subscriptions ("memberships"), a scalable reputation system, and end-to-end message encryption.
2. Project Review & Reasons to Follow
1. Strong financing power: The project has raised a total of 46 million USD, with backers including top institutions such as a16z Crypto, Coinbase Ventures, Benchmark, Framework Ventures, and echo, providing solid capital support.
2. Ecosystem has begun to take shape: The platform has created over 450,000 Spaces, covering more than 1.6 million member users, generating over 8,000 ETH in total revenue, and has 370,000 active space owners, demonstrating good user growth and product stickiness.
3. Strong momentum for TGE: The token will be launched simultaneously on major exchanges such as Binance Alpha and Bybit, ensuring good initial liquidity and market attention.
4. Coinbase has invested, and recently, Coinbase is working on a comprehensive product application, incorporating Zora, with a chance for Towns to be listed on Coinbase.
3. Token Utility
Node Delegation: Towns tokens are used to delegate to node operators, ensuring network security and stability.
Space Address Delegation: Tokens can be delegated to group chat spaces, unlocking more features such as data storage and customizable access permissions.
Governance: Token holders can participate in DAO governance, voting to determine the direction of protocol development.
4. Tokenomics
Token Allocation
Total Supply: 10 billion
Community Reserve: 43.14%, unlocking details not disclosed
Team: 21.46%, 1-year lock-up period, then linear release
Investor: 13.74%, 1-year lock-up period, then linear release
Airdrop: 9.87%, unlocking details not disclosed
Nodes Year 1: 7.9%, unlocking details not disclosedPublic
Investor: 2.62%, unlocking details not disclosedNode Inflation: 1.27%, unlocking details not disclosed
5. Team
Patrick Fives is a co-founder of Towns and a co-founder of the Towns Protocol.
Ben Rubin is a co-founder and CEO of Towns and a co-founder of the Towns Protocol. Previously, his company Houseparty was acquired by Epic Games in 2019. He holds a Bachelor of Architecture from the Technion - Israel Institute of Technology.
6. Investment
In June 2025, raised 3.3 million USD in funding, with investors including Coinbase Ventures and echo.
In April 2025, completed a Series B funding round of 10 million USD, with investments from a16z, Coinbase Ventures, and Benchmark.
Total funding amount reached 46 million USD, with investors including a16zCrypto, Coinbase Ventures, Benchmark, Framework Ventures, echo, and others.
7. Future Outlook
Multiple token use cases support long-term value: TOWNS integrates functions such as node delegation, feature unlocking, and governance, contributing to the establishment of a cyclical economic system.
Strong growth potential driven by the community: 57% of tokens are dedicated to community incentives, coupled with an existing user base of over one million, providing ongoing expansion momentum.
Attention needed on short-term unlocks and market sentiment fluctuation risks: Investors and team unlocks will commence sequentially, and initial price volatility may be substantial.
8. Project Information
Project Name: TOWNS
Token: TOWNS
Sector: Infrastructure
Website: https://www.towns.com/
Contract Address:
Ethereum： https://etherscan.io/token/0x000000Fa00b200406de700041CFc6b19BbFB4d13
Base：https://basescan.org/token/0x00000000a22c618fd6b4d7e9a335c4b96b189a38
BNB：https://bscscan.com/token/0x00000000bcA93b25a6694ca3d2109d545988b13B
Social Media:
Twitter: https://x.com/TownsProtocol (16.8K)