Blockchain

Bitunix Lists Towns Token, the Protocol Building Decentralized Messaging Platforms

17 hours ago
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Fast communication is a crucial aspect in the present time. Projects related to communication have also been launched in crypto, such as the primary token associated with Telegram Toncoin (TON), which is among the most well-known. However, a protocol that lets developers create decentralized messaging applications and that has gained some attention recently is Towns.

To meet rising demand, Bitunix has listed the TOWNS token on its spot and futures markets. The listing was made to give Bitunix users early access to a token powering a unique communication platform. TOWNS trading against USDT on Bitunix exchange started on August 5th, on the same date of token launch.

What is Towns (TOWNS) Token?

Towns Protocol is a communication infrastructure designed for building real-time messaging platforms. It runs on an EVM-compatible Layer 2 blockchain, uses decentralized nodes to deliver encrypted messages, and has smart contracts deployed on Base (Ethereum Layer 2).

One of its main features is Spaces, programmable group chats that can be owned and controlled by their creators or communities. Spaces can offer encrypted chats, on-chain memberships, staking, and monetization options, all through smart contracts.

 

 

The protocol is built by the team behind the Towns application, founded by the creators of Houseparty, and is backed by a16z crypto, Coinbase Ventures, and Benchmark. TOWNS tokens secure the network through Proof-of-Stake, unlock protocol features, and give holders a say in governance decisions.

Why is TOWNS Token Listed on Bitunix?

Bitunix listed the TOWNS token on August 5th as part of its strategy to support innovative blockchain projects. Towns stands out for offering a decentralized way to build messaging apps without giving control to central authority. This focus on ownership, privacy, and community aligns with Bitunix’s mission to provide users access to unique and forward-looking crypto projects.

Towns (TOWNS) Token Price Analysis

At the time of writing, TOWNS token is priced at $0.038, with a market cap of $81.3 million and a circulating supply of 2.1 billion TOWNS, according to CoinMarketCap. The token has shown active trading interest as investors explore its long-term potential in decentralized communication.

Towns (TOWNS) Token Bullish Focus (Support Zones)

Short-term support is concentrated in the 0.03790–0.03830 range, corresponding to a 5-minute Demand Order Block (OB) and the starting point of the previous rally, offering potential support. A deeper pullback toward the 0.03730–0.03750 imbalance zone and liquidity grab area could present a medium-term entry opportunity. Traders should watch for a potential bear trap and rebound setup.

Towns (TOWNS) Token Bearish Focus (Resistance Zones)

The main resistance is at 0.03930–0.03970 Supply Order Block – the origin of the previous sharp decline, where selling pressure remains. If price rebounds into this area and shows a volume spike reversal or a long upper wick candle, it may signal short-term exhaustion. A push toward 0.04000 followed by a false breakout could indicate a bull trap and potential bearish reversal a key area to watch for short setups.

Bullish: 0.03790 / 0.03730

Bearish: 0.03930 / 0.04000

Where to Buy Towns (TOWNS) Token?

TOWNS token is now available for trading on Bitunix, the world’s fastest-growing crypto exchange. Bitunix is a feature-oriented exchange and offers over 1000 trading pairs, regular Proof of Reserves updates, and strong security measures for users.

Founded in 2021, Bitunix continues to grow by listing tokens like TOWNS, giving traders access to projects shaping the future of crypto.

How to Buy Towns (TOWNS) Token?

Buying TOWNS Token on Bitunix is quick and beginner-friendly:

1. Create or Log Into a Bitunix Account

Sign up on Bitunix with your email and password, or log in if you already have an account.

2. Fund Your Account

Go to “Wallet” and then “Deposit,” choose a crypto like USDT, and send funds to your personal deposit address.

3. Find the TOWNS/USDT Trading Pair

In the Spot Trading section, search for “TOWNS” and select the TOWNS/USDT pair.

4. Place Your Order

Choose a Market Order (buys instantly) or a Limit Order (sets your price). Enter the amount you want to buy and click Buy TOWNS. Once the order is complete, your TOWNS tokens will be in your Bitunix wallet.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: https://cryptodaily.co.uk/2025/08/bitunix-lists-towns-token-the-protocol-building-decentralized-messaging-platforms