TOWNS (Towns) fell 0.18% in the last 24 hours

Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of writing, TOWNS (Towns) is currently priced at $0.03, with a 0.18% fall in the last 24 hours, reaching a high of $0.09 and a low of $0.03. The current market capitalization is approximately $722,000.

Towns Protocol is a blockchain platform focused on communication, designed to allow users to build, develop, and own their own digital community squares. The protocol provides features such as end-to-end encryption, decentralized messaging, programmable spaces, and ownable communications. Towns allows creators to sell exclusive group chat access and customize pricing, permissions, etc. through smart contracts. Currently, Towns has created 393,100 spaces, with 466,600 memberships, generating revenue of 7,926 ETH.

Recent important news about TOWNS:

1️⃣ Gate launches multiple trading features for TOWNS Gate launched TOWNS perpetual contract trading on August 5th at 22:40 (UTC+8), supporting USDT settlement and providing 1-20x leverage. It also enabled TOWNS unified account lending, isolated margin trading pairs, residual asset wealth management, flexible collateralized lending, and fixed-term collateralized lending features. The flash exchange and fixed investment functions were also opened one hour after the TOWNS spot trading went live. The introduction of these new features increases the liquidity and trading options for TOWNS, but may also lead to greater price volatility.

2️⃣ TOWNS Airdrop Technical Issues On August 5th, Towns Protocol officially announced that some eligible wallets are temporarily unable to see the airdrop claim entry due to display errors. The official emphasized that the eligibility of users who have passed the qualification check remains valid, and they are actively working to fix the issue. This technical problem may affect the short-term trading behavior of some users, leading to fluctuations in market sentiment.

3️⃣ NFT holders gain eligibility for TOWNS airdrop On August 5th, the NFT project Moonbirds announced that holders of Moonbirds, Mythic, and Oddity who bind their Towns Wallets before the snapshot will receive a TOWNS airdrop. The airdrop query address is the Towns Wallets address linked to the NFT holding address. This initiative may attract more NFT enthusiasts to pay attention to the TOWNS project, potentially increasing the project's user base and visibility.

The price of TOWNS has recently shown a trend of volatility, significantly falling from 52.54% on August 6 to a narrowing drop of 0.18% on August 11, indicating that market fluctuations are stabilizing. However, new trading features and airdrop-related events may still continue to affect short-term price movements. On the technical side, the price of TOWNS has retreated from a peak of $0.09 to $0.03, which may be close to a short-term support level.

This message is not intended as investment advice; investors should be aware of market volatility risks.