TL;DR
- Idea: Towns Protocol is a decentralized, programmable group chat protocol enabling on-chain ownership and governance of community spaces
- Catalyst: Recent listings on Coinbase and Binance combined with strong VC backing provide catalysts for liquidity and adoption
- Risks: Early-stage project facing adoption, regulatory, and token dilution risks
- Score: 7.00/ 10
Coin
- Name/ Ticker: Towns Protocol (TOWNS)
- Segment: Communication
- Status: live
- Price: $0.037000
Key Metrics
- Market Cap: $80 350 000
- FDV: $583 900 000
- Circulating Supply: 2 100 000 000
- Total Supply: 10 000 000 000
Sources
Technology
- USP: Ownable, programmable real-time messaging spaces with on-chain subscriptions and reputation
- Core Technology: EVM-compatible Layer 2 on Celestia, decentralized stream nodes, smart contracts on Base, end-to-end encrypted messaging
Roadmap
- 2024-05-01: River Protocol mainnet launch
- 2024-10-15: Towns Alpha application launch
- 2025-04-11: Series B funding completed
- 2025-06-10: $3.3M Public Sale funding round
- 2025-08-05: TOWNS token listed on Binance and Coinbase
Team & Investors
Team
- Co-Founder & CEO — Ben Rubin: Founder of Houseparty and Meerkat with 150M and 20M users respectively
- Co-Founder & CTO — Brian Meek: Former CTO of STRIVR Labs and GM of Engineering at Skype
- Chief Product Officer — Pat Fives: Crypto developer since 2012 and former Houseparty engineer
- Protocol Lead — Serge Khorun: Former senior Google engineer specializing in distributed systems
- Application Lead — Austin Ellis: Former lead of social features at Epic Games (Fortnite)
Investors
- Benchmark — Seed • 2020-02-01 • $8.00M
- Andreessen Horowitz — Series A • 2023-02-23 • $25.50M
- Coinbase Ventures — Series B • 2025-04-11 • $10.00M
- Base Ecosystem Fund — Public Sale • 2025-06-10 • $3.30M
- Echo.xyz — Pre-Launch • 2025-04-01 • $3.00M
Total funding: $64.00M
Tokenomics
- Utility: Governance, staking for network security, access control via token gating, on-chain subscriptions and buy-and-burn mechanism
- Vesting: Team and investor tokens locked for 1 year at TGE, followed by linear vesting over subsequent years
- Next Unlock: 2026-08-05 (35.00% of circulating)
Pros & Cons
Strengths
- Decentralized programmable communication spaces
- On-chain membership via ERC-721 NFTs
- End-to-end encryption ensures privacy
- Strong backing by top-tier venture capital firms
- High throughput messaging via decentralized stream nodes
Weaknesses
- Early-stage technology with smart contract risks
- Adoption challenge competing with established platforms
- Complexity for non-crypto native users
- Potential token inflation diluting value
- Reliance on third-party node operators for data routing
Market Signals (7d)
- TVL trend: n/a
- CEX volume trend: increasing
- Active addresses trend: increasing
Price Scenarios (target: 2026-02-09)
How to Buy & Store
CEX
- Binance: TOWNS/USDT
- Coinbase: TOWNS/USD
- Gate.io: TOWNS/USDT
- Bitget: TOWNS/USDT
- Bybit: TOWNS/USDT
- MEXC: TOWNS/USDT
- Crypto.com Exchange: TOWNS
- BingX: TOWNS/USDT
DEX
- Uniswap V3 (Ethereum)
- Uniswap V3 (BSC)
- PancakeSwap V3 (BNB)
- Towns Playground (Testnet DEX)
- LateCheckout DEX
Storage
- MetaMask
- Ledger
- Trezor
- Trust Wallet
- Coinbase Wallet
Verdict
Towns Protocol offers a unique Web3-native messaging solution with strong backing and technical foundations, but its success hinges on user adoption and execution of its roadmap.
Official Links
Source: Coin Research (internal)
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