TL;DR
- Idea: Decentralized, programmable messaging infrastructure enabling secure on-chain group communication
- Catalyst: Series B funding of $10M and Binance listing on Aug 5, 2025
- Risks: Early stage with limited adoption and liquidity, competition from centralized and other Web3 messaging solutions
- Score: 7.00/ 10
Coin
- Name/ Ticker: Towns (TOWNS)
- Segment: Layer2 Messaging
- Status: active
- Price: $0.067500
Key Metrics
- Market Cap: $97
- FDV: $683
- Circulating Supply: 1 440 000 000
- Total Supply: 10 120 000 000
- Inflation: 8.00%
Sources
Technology
- USP: Ownable, programmable communication spaces with end-to-end encryption
- Core Technology: EVM-compatible Layer2 on Celestia with decentralized stream nodes and smart contracts on Base
Roadmap
- 2023-02-23: Series A funding
- 2025-04-11: Series B funding
- 2025-08-04: Binance HODLer Airdrop announcement
- 2025-08-05: Binance listing
Team & Investors
Team
- CEO & Co-founder — Ben Rubin: Co-founder of Houseparty and Meerkat
- CTO & Co-founder — Brian Meek: Former CTO of STRIVR Labs and GM of Engineering at Skype
- Co-founder — Patrick Fives: Former executive in consumer social apps
Investors
- Andreessen Horowitz (a16z crypto) — Series A • 2023-02-23 • $25.50M
- Benchmark — Series A • 2023-02-23 • $25.50M
- Framework Ventures — Series A • 2023-02-23 • $25.50M
- Coinbase Ventures — Series B • 2025-04-11 • $10.00M
- Union Square Ventures — Series B • 2025-04-11
- Kindred Ventures — Series B • 2025-04-11
- Seed Club Ventures — Series B • 2025-04-11
Total funding: $39.91M
Tokenomics
- Utility: Staking, delegation, governance, and membership access
- Vesting: Team and investor tokens locked for 1 year then linear vesting over 18 months
- Next Unlock: 2026-04-11
Pros & Cons
Strengths
- Decentralized programmable messaging infrastructure
- End-to-end encrypted, private communications
- On-chain ownership and governance of spaces
- Strong institutional backing from top-tier investors
- Robust economic model with buy-back and burn mechanisms
- Community-first token distribution
- Scalable via Celestia-based L2 and Base deployment
- Multichain availability on Ethereum and Base
Weaknesses
- Early-stage protocol with limited user adoption
- Dependence on Base network for execution
- Competition from centralized and other Web3 platforms
- Initial liquidity constraints on exchanges
- Regulatory uncertainty around token airdrops
- Potential for centralization of node operators
Market Signals (7d)
- TVL trend: n/a
- CEX volume trend: up
- Active addresses trend: up
Price Scenarios (target: 2026-02-06)
How to Buy & Store
CEX
- Binance
- MEXC
- BingX
- Uniswap V3 on BSC
- PancakeSwap V3
DEX
- Uniswap V3 on Ethereum
- PancakeSwap V3
- SushiSwap
- 1inch
- Balancer
Storage
- MetaMask
- Base Wallet
- Ledger
- Trust Wallet
- Rainbow
Verdict
Towns offers a novel on-chain messaging solution with strong backing and clear roadmap. However, it remains in early stages with adoption and liquidity risks. A medium-term hold is recommended for those bullish on decentralized social infrastructure.
Official Links
Source: Coin Research (internal)
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