Towns Protocol  (www.towns.com) is a protocol for building decentralized real-time messaging apps. It is the blockchain for communication. It consists of an EVM-compatible L2 chain, decentralized off-chain stream nodes, and smart contracts deployed on Base. Towns allows people to create programmable communication use cases, referred to as “Spaces,” in a permissionless manner. These Spaces are ownable, accrue value, feature on-chain subscriptions (“Memberships”), an extendable reputation system, and end-to-end message encryption.

Towns Protocol Chain Data: https://dune.com/towns_protocol/main

Towns Documentation: https://docs.towns.com/

Key Features (https://docs.towns.com/introduction#key-features)

1.  Native Web3 Messaging with Embedded Economic Incentives

• Traditional messaging platforms don’t provide direct monetization mechanisms for users or communities.
• Existing Web3 communications solutions lack integrated financial incentives aligned directly with user and community growth.

2. Sustainable and Innovative Business Model for Communities

• Communities struggle to monetize effectively without relying on intrusive ads, centralized intermediaries, or platform fees.
• Owners and creators currently can't directly benefit economically from growing and managing their communities.

3. Fully Programmable Communication Integrated with Onchain Finance

• Communication platforms today offer limited customization, especially regarding access permissions or user criteria tied directly to blockchain-based assets.
• Communities lack flexible tools that tie group interactions, membership criteria, and payments seamlessly into onchain conditions.

4. True User Ownership and Control of Communication

• Existing platforms centralize control over group membership and messaging permissions, leaving users dependent on platform decisions and policies.
• Users currently cannot fully own or port their identities, memberships, and permissions across platforms.

5. Decentralized Privacy, Security, and Resistance to Censorship

• Users face constant risks of arbitrary bans, account deletions, or censorship from centralized service providers.
• Centralized platforms represent a single point of failure, both technically and in terms of privacy and security.

What is the name/ticker of the token?

Towns / $TOWNS

Total supply?

10B

What date are you planning to launch the token to mainnet?

Q3 2025

Technical Overview

https://docs.towns.com/

What’s the canonical chain?

Towns Protocol Chain for messaging (app-focused Ethereum L2 via Celestia) Base Mainnet for Smart Contracts

Which chain is your token going to launch on?

Ethereum Mainnet

Utility of the project’s native token:

1. Network Security – $TOWNS tokens are staked by validators to secure Towns proof-of-stake network
2. Governance – $TOWNS holders can participate in on-chain governance decisions, including upgrades, economic parameter changes, and protocol improvements.
3. Protocol Utility – $TOWNS tokens can be delegated by members allowing Spaces to unlock additional protocol features

Protocol’s Value Accrual

Space creators generate revenue by selling on-chain memberships. The Towns Protocol accrues value by collecting fees from these membership sales, as well as from trading and tips exchanged between users. Those fees are collected in ETH and used to offset, via programmatic buy and burn, the rewards the protocol emits for node operators. As of July 30th, the protocol has collected 902 ETH in fees.