TOWNS Price

TOWNS is a decentralized real-time messaging protocol built on an EVM-compatible Layer 2 with smart contracts on Base. It powers ownable, revenue-generating 'Spaces' with on-chain memberships, encrypted messaging, and programmable reputation. As of 2025-08-06, TOWNS has a circulating supply of 2.01B TOWNS tokens and a total supply of 10.12B TOWNS tokens. The protocol enables developers to create customizable communication platforms without relying on centralized intermediaries. TOWNS token is used to secure the network through Proof-of-Stake, enable protocol features, and give holders decision-making power over protocol evolution. The token distribution includes 57% allocated to the community, 35% to team and investors, and 8% to node operators and delegators. TOWNS is available on selected exchanges and can be earned by participating in Spaces, staking, or contributing to protocol development.

TOWNS was created on July 31, 2025. The protocol was developed by the team behind the Towns application, founded by the creators of Houseparty. TOWNS officially launched on August 4, 2025, as a decentralized real-time messaging protocol built on an EVM-compatible L2 with smart contracts on Base. The project aims to power ownable, revenue-generating 'Spaces' with on-chain memberships, encrypted messaging, and programmable reputation. As of 2025-08-06, TOWNS has a circulating supply of 2.01B TOWNS TOWNS tokens out of a total supply of 10.12B TOWNS TOWNS. The protocol is designed to enable developers to build real-time messaging applications without relying on centralized intermediaries, leveraging blockchain technology to provide secure and programmable communication infrastructure.

Ben Rubin is the founder and CEO of TOWNS. He previously co-founded and led Houseparty, a social video app acquired by Epic Games. TOWNS is a decentralized real-time messaging protocol built on an EVM-compatible L2 with smart contracts on Base. It aims to power ownable, revenue-generating 'Spaces' with on-chain memberships, encrypted messaging, and programmable reputation. The project is backed by notable investors including a16z crypto, Coinbase Ventures, and Benchmark. Rubin's vision is to redefine online communication by leveraging blockchain technology to create more user-owned and controlled social platforms.

TOWNS operates as a decentralized real-time messaging protocol built on Base, an Ethereum Layer 2 network. It utilizes smart contracts to enable the creation of programmable and ownable 'Spaces' for community interaction. The TOWNS token plays a crucial role in the ecosystem: 1. Network Security: Validators stake TOWNS to participate in consensus and secure the network. 2. Governance: Token holders can vote on protocol upgrades and decisions. 3. Space Creation: Users can create and customize Spaces using TOWNS. 4. Incentives: Node operators and delegators earn TOWNS rewards bi-weekly for maintaining the network. 5. Access Control: Spaces can implement membership fees or staking requirements using TOWNS. The protocol features end-to-end encrypted messaging and allows developers to build custom applications on top of it. With a total supply of 10.12B TOWNS TOWNS, the token distribution includes 57% for community initiatives, 35% for team and investors, and 8% for node operators and delegators. As of 2025-08-06, 2.01B TOWNS TOWNS are in circulation, representing 19.94% of the total supply.

TOWNS Protocol utilizes smart contracts deployed on the Base network, an Ethereum Layer 2 solution, to enable decentralized messaging and programmable communities called 'Spaces'. The technical architecture consists of: 1. EVM-compatible Layer 2 blockchain for executing smart contracts and recording state changes 2. Decentralized off-chain nodes for transmitting real-time encrypted messages between participants 3. Modular smart contracts that enable programmable logic for Space creation, membership, and governance The protocol employs a Proof-of-Stake (PoS) consensus mechanism, where validators stake TOWNS tokens to secure the network and earn rewards. All communication on the network is end-to-end encrypted. Key technical features include: - On-chain memberships - Encrypted messaging - Programmable reputation systems - Staking mechanisms for Spaces - Smart contract functionality for monetization The architecture allows developers to build customizable frontends, plugins, and moderation tools on top of the protocol. By leveraging blockchain technology, TOWNS aims to create a decentralized communication infrastructure that enables user-owned and revenue-generating messaging platforms.

The future and roadmap of TOWNS looks promising. The protocol aims to expand its decentralized messaging infrastructure and enhance the functionality of Spaces. Key milestones include: 2026: Launching advanced encryption features and expanding cross-chain compatibility. 2027: Introducing a governance framework for community-driven decision making. 2030: Implementing sharding to improve scalability and transaction throughput. TOWNS also plans to foster ecosystem growth through developer grants and partnerships. The team is focused on increasing adoption of the protocol for building decentralized social and communication applications. Price predictions suggest potential growth, with estimates of $0.0426 by 2026, $0.04871 by --, and $0.05589 by 2030. As of 2025-08-06, TOWNS has a circulating supply of 2.01B TOWNS and a total supply of 10.12B TOWNS. The protocol's innovative approach to ownable, revenue-generating 'Spaces' and its closed-loop incentive system position it well for long-term sustainability and growth in the web3 space.