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Home » SocialFi Project Backed by a16z
SocialFi Project Backed by a16z
NFT

SocialFi Project Backed by a16z

NFT EveningBy NFT EveningApril 17, 20250 ViewsNo Comments
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Here’s how you can position yourself early and maximize your chances of earning from the upcoming $TOWNS airdrop – one of the most anticipated SocialFi project on the Base network.

What is Towns?

Towns is a messaging protocol built on the Base ecosystem. As one of the pioneers in the SocialFi space, Towns aims to build a decentralized group communication platform, similar to Discord, but powered by blockchain to ensure true ownership and control for users.

Currently, Towns is gaining strong momentum, backed by impressive metrics:

  • Over 1 million memberships purchased
  • More than $4.2 million in total transaction volume
  • Over 332,000 chat groups (Towns) created

Towns has successfully raised $35.5 million, led by a16z, a venture capital firm known for backing several high-profile airdrop projects, such as Walrus (WAL), Story Protocol (IP), and LayerZero (ZRO).

Given these signals, the community is speculating that Towns may be the next “airdrop gem” on the horizon.

Read more: Crypto Venture Capital Funds: Top Crypto VC Firms in 2025

Towns Airdrop Guide

Before participating in the Towns airdrop, make sure you have a small amount of ETH on the Base network to cover gas fees. You’ll also need at least $1 (~0.0007 ETH) to interact with the platform.

Steps to Farm the Towns Airdrop:

Visit the official Towns website.

Sign in using your X (Twitter), Google, or Warpcast (Farcaster) account.

Towns Airdrop Guide

Click the “+” icon on the left-hand sidebar to create your own Town.

A Town is similar to a Discord channel – a space for community chat. Creating your own Town may increase your airdrop eligibility.

Towns Airdrop Guide

Click on the “Explore” icon (bottom left) to discover and join other Towns

Pro Tip: Prioritize joining Towns with an entry fee (typically between $5 – $10), as these tend to be more closely tracked for airdrop activity.

Towns Airdrop Guide

After completing the basic steps, users can check in daily by clicking on the beaver image on the platform.

Towns Airdrop Guide

TOWNS Tokenomics

On April 16, 2025, Towns officially announced plans to launch its native token, $TOWNS, along with preliminary details on its tokenomics and airdrop program:

  • Total Supply: 10 billion tokens
  • Launch Timeline: Q2 2025 (before June)
  • Airdrop: 10% of the total supply will be distributed to users
TOWNS Tokenomics

As of now, the eligibility criteria for the airdrop haven’t been disclosed; therefore, new users still have a fair chance to participate.

It is likely that factors such as Towns points, chat engagement, and overall platform activity will play a key.

Conclusion

With strong backing from top-tier investors like a16z, impressive growth metrics, and a clear vision in the SocialFi space, Towns is quickly emerging as a promising candidate for the next major airdrop on the Base network. The team hasn’t shared rules yet, giving everyone a fair chance to join the airdrop.

If you’re looking for a low-cost, high-upside airdrop opportunity, Towns is definitely one to watch. Create a Town, join chats, and check in daily to boost your airdrop chances.

Read more: MegaETH Airdrop Guide: Earn the Exclusive Airdrop Distribution

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