Towns Protocol is a decentralized real-time communication protocol built on Base L2, providing programmable, sovereign community spaces with token gating, on-chain subscriptions, end-to-end encryption, and economic systems. Founded by Ben Rubin (Houseparty founder) with $46 million raised from a16z, Coinbase Ventures, and Benchmark, the platform aims to become Web3's "Discord alternative." TOWNS (TOWNS) will soon be available on Bitget!

What is Towns Protocol (TOWNS)?

Towns Protocol is a decentralized platform designed to enable people to build, grow, and own their own digital communities or "town squares." Built on Base L2 chain, Towns provides programmable community spaces with integrated token gating, on-chain subscriptions, end-to-end encryption, and economic systems.

Introduction image 0

The platform allows anyone to sell exclusive access to group chats, keep more of their earnings, and ensure membership is immutable through blockchain technology. Unlike traditional platforms where companies control membership and monetization, Towns gives ownership and control to space creators.

Core Innovation: Each digital space is owned by its members, not by a centralized platform, with membership records that are immutable and on-chain, making them transparent and tamper-proof.

Who Created Towns Protocol (TOWNS)?

Towns Protocol was founded in 2023 by Ben Rubin and Brian Meek under Here Not There Labs, combining experience in social apps, real-time communications, and decentralized technology.

Key Team Members:

● Ben Rubin (Co-Founder & CEO): Creator of Houseparty (150 million users, acquired by Epic Games) and Meerkat (20 million users). LinkedIn profile shows extensive experience in social app innovation and real-time communications.

● Brian Meek (Co-Founder & CTO): Former CTO of STRIVR Labs (VR training platform) and former General Manager of Engineering at Skype, combining technical leadership in communications and immersive technology.

● Pat Fives (Chief Product Officer): Crypto developer since 2012 and former Houseparty engineer, building the decentralized protocol and messaging backbone.

● Serge Khorun (Protocol Lead): Former senior Google engineer specializing in distributed systems.

● Austin Ellis (Application Lead): Former Epic Games social features lead (Fortnite).

The team consists of 25 people (17 technical, 3 marketing), with experience from social platforms and technical expertise in real-time communication and decentralization.

What VCs Back Towns Protocol (TOWNS)?

Towns Protocol has raised $46 million across multiple rounds from leading venture capital firms.

Funding Breakdown:

● Seed Round (February 2020): $8 million, $27 million valuation, led by Benchmark

● Series A (February 2022): $25 million, $125 million valuation, led by a16z Crypto

● Series B (February 2025): $10 million, $250 million valuation, led by a16z + Coinbase Ventures

● Pre-Launch (April 2025): $3 million, $250 million valuation, Echo.xyz + Jump Trading

Introduction image 1

Major Venture Capital Backers:

● Andreessen Horowitz (a16z crypto) (Lead in Series A and B)

● Coinbase Ventures

● Benchmark

● Framework Ventures

● Echo.xyz SPV

● Signia Ventures

● K5 Global

● Jump Crypto

Market Makers:

Jump Trading and TopHash serve as primary market makers, with Flow Traders handling European exchanges.

How Towns Protocol (TOWNS) Works

Towns Protocol operates through core technologies that democratize community building and communication:

Decentralized Spaces Creation

Users can create "Spaces" (group chat spaces) without permission, supporting both private and public configurations. Spaces support token gating, allowing entry based on NFT ownership or other token-based criteria.

Monetization and Membership

Creators can sell on-chain memberships through subscription models, with users able to tip and trade within the platform. Membership and ownership are recorded on the Base blockchain, ensuring transparency and permanence through smart contracts.

Security and Infrastructure

The platform offers end-to-end encryption for message privacy and stores data across distributed stream nodes rather than centralized servers. This architecture enhances privacy and reduces censorship risks.

You can access the platform at towns.com and app.towns.com, with documentation available at docs.towns.com.

Towns Protocol Token (TOWNS) and Economics

The TOWNS token serves as the native utility and governance token powering the Towns Protocol ecosystem.

Token Details

● Token Name: TOWNS

● Token Symbol: TOWNS

● Total Supply: 10,000,000,000 tokens (10 billion)

● Blockchain Deployment: ERC-20 on Base L2 and Ethereum mainnet

● Base Contract Address: 0xd6b8e7714fd2f492b183c5fe4f0a0ef276d05310

● Initial Circulating Supply: 14.3% (1.43 billion tokens)

Introduction image 2

Source: WhalesPRO

Token Distribution

● Community Reserves: 43.70% (0% at TGE, 12-month cliff, 36-month vesting)

● Team/Treasury: 21.73% (0% at TGE, 12-month cliff, 24-month vesting)

● Investors: 16.57% (0% at TGE, various cliffs 6-12 months, 18-24 month vesting)

● Airdrop: 10.00% (50% at TGE, remaining over 10 months)

● Nodes: 8.00% (12% at TGE, ongoing rewards)

Token Utilities

● Governance: Vote on platform proposals and protocol upgrades through Towns DAO

● Staking/Delegation: Stake tokens to node operators and earn network rewards

● Space Monetization: Enable payments, access gating, and economic activity within Spaces

● Tipping and Rewards: Send tips to creators and community members

● Network Security: Support distributed messaging infrastructure through node operation

Potential Token Holders

● Total Eligible: Approximately 50,000 users (filtered from 1.46 million total users)

● Selection Criteria: High-value participants based on engagement and contribution metrics

Why Towns Protocol?

Traditional social platforms face centralization risks, monetization difficulties, and user discovery challenges. Towns Protocol addresses these issues:

Proven Leadership: Founded by Ben Rubin, creator of Houseparty (150M users, Epic acquisition) and Meerkat (20M users), with team experience from Epic Games, Google, and Skype.

Strong Funding: $46 million raised from a16z crypto, Coinbase Ventures, and Benchmark across multiple rounds.

Live Revenue Performance: Platform generating over $75,000 daily revenue with $30+ million total revenue, demonstrating sustainable economics through space subscriptions and transaction fees.

Large User Base: 1.46 million users with 387,784 spaces created, showing market adoption and platform utility.

Base L2 Integration: Built on Base with EVM compatibility, distributed stream nodes, and on-chain smart contracts ensuring scalability and security.

Web3 Discord Alternative: Positioned as the leading decentralized alternative to centralized communication platforms, solving ownership and monetization issues.

Towns Protocol combines proven leadership, live revenue generation, and decentralized infrastructure to create sustainable Web3 communication with real user adoption.

TOWNS Goes Live on Bitget

We are excited to announce that TOWNS will be listed on Bitget! Check out the details below:

Trading Available: 5 August 2025, 14:30 (UTC)

Withdrawal Available: 6 August 2025, 15:30 (UTC)

Trade TOWNS/USDT on Bitget!

TOWNS Goes Live on Bitget Launchpool — lock BGB and TOWNS to share 16,340,000 TOWNS

Bitget Launchpool will be listing Towns Protocol (TOWNS). Eligible users can lock BGB and TOWNS to share 16,340,000 TOWNS.

Locking period: 6 August 2025, 06:00 – 10 August 2025, 06:00 (UTC)

Lock Now!

Contract Address (Base): 0xd6b8e7714fd2f492b183c5fe4f0a0ef276d05310

Community Links: Website | Twitter | Documentation

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Tags:

Communications & Social Media

Ethereum Ecosystem

Coinbase Ventures Portfolio

a16z Portfolio

Contracts:

0x0000...B189a38(Base)

Current price:

$0.03074Towns price today

All-time high:$0.08878

All-time low:$0.02856

TOWNS supply and tokenomics

Circulating supply:2,109,362,800 TOWNS

Total supply:10,128,333,333 TOWNS

Max supply:0 TOWNS

Market cap:$64.83M

Fully diluted market cap:$311.30M

Links

Website:https://www.towns.com/

Whitepaper:https://docs.towns.com/white-paper/towns-technical-overview

X:https://twitter.com/townsxyz

GitHub:https://github.com/towns-protocol/towns

Buy Towns for $1Buy TOWNS now

What is the development prospect and future value of TOWNS?

The market value of TOWNS currently stands at $64.83M, and its market ranking is #477. The value of TOWNS is not widely recognized by the market. When the bull market comes, the market value of TOWNS may have great growth potential.

As a new type of currency with innovative technology and unique use cases, TOWNS has broad market potential and significant room for development. The distinctiveness and appeal of TOWNS may attract the interest of specific groups, thereby driving up its market value.

What will the price of TOWNS be in 2026?

Based on TOWNS's historical price performance prediction model, the price of TOWNS is projected to reach $0.03094 in 2026.

What will the price of TOWNS be in 2031?

In 2031, the TOWNS price is expected to change by +25.00%. By the end of 2031, the TOWNS price is projected to reach $0.06077, with a cumulative ROI of +87.03%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of TOWNS and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

TOWNS price TOWNS price prediction TOWNS news

Is TOWNS worth investing or holding? How to buy TOWNS from a crypto exchange?

If you want to buy TOWNS, the following information may be helpful for your investment decisions:

In the last 7 days, the price of TOWNS has fallen by -3.56%, leading to negative returns for most TOWNS investors. The market is currently pessimistic about the price trend of TOWNS.

It is important to note that the current price of TOWNS has retreated by -65.38% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether TOWNS is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in TOWNS or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of TOWNS, if you want to buy or sell TOWNS, you can consider Bitget for your trading needs. The best place to buy TOWNS is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Towns has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Towns. Here's a step-by-step guide on how to buy Towns on Bitget.

Buy TOWNS now Coin buying guide

How to get Towns through other methods？

Using cash to buy Towns is not the only way to obtain Towns. If you have the time to spare, you can get Towns for free.

Learn how to earn Towns for free through the Learn2Earn promotion.

Earn free Towns by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Towns airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Towns through Bitget Convert, Bitget Swap, or spot trading.

What is Towns used for and how to use Towns?

The use case of Towns may expand as the crypto market and the project itself develop. Currently, you can use TOWNS to achieve the following goals:

Arbitrage by trading TOWNS: Since TOWNS is a frequently traded cryptocurrency, the price of TOWNS is always fluctuating. Earn more TOWNS by buying low and selling high on the exchange. Bitget spot market provides a variety of TOWNS trading pairs to fully meet your needs.

Earn by staking TOWNS: You can also generate income through financial management methods such as staking TOWNS or lending TOWNS. Bitget Earn offers a variety of financial products designed to help you earn more income from your TOWNS.

Send or pay TOWNS: If you want to give TOWNS to your friends, a charity, or a fundraiser, or you want to pay someone with TOWNS, you can quickly and easily send TOWNS to the recipient through their payment address.

You can also go to the official website of the Towns project to learn more about the use cases of TOWNS. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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