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Alt.town, a web3 platform dedicated to fostering the growth of creators, announced today that it has officially added support for the $TOWN token utility within its service.
While Alt.town serves as the flagship product for bitBLUE, an emerging Web3 Culture Company, the development aims to allow real in-platform use. Meanwhile, Alt.town revealed it has also launched the “ValueFi Deposit Event” to commemorate the update.
Following the new update on the $TOWN token utility, users can now freely swap $TOWN into KEY, the core point of Alt.town. Notably, KEY is used for DNA (creator token) trading and content payments, transforming $TOWN from a mere trading asset into a structurally significant utility token tied directly to platform demand.
According to the announcement, the newly launched deposit event allows users who swap $TOWN into KEY and hold their KEY on the platform to receive MILE point rewards as interest. While holding, KEY remains fully tradable and usable within the platform, with rewards maintained as long as it is not withdrawn.
 
To efficiently incentivize its users, the platform offers a total reward pool of approximately $10,000. This has been designed to encourage stable holding behavior that supports long-term value growth and ecosystem stability.
The release of the token utility within the Apt.town service comes shortly after the listing of $TOWN on major exchanges, which happened on August 26th. While the event marked a major milestone in the global expansion of Alt.town, it also saw $TOWN listed on Binance Alpha, Bitget, Gate.io, and MEXC.
Unlike many Web3 projects that focus primarily on short-term liquidity, Alt.town emphasizes a ValueFi model centered on real utility and user participation, rapidly expanding a use-case driven ecosystem for both fans and creators.
Following its design, Alt.town pursues a “ValueFi” ecosystem where fans and creators grow together. At its core is the DNA tokenization system, which transforms creator IP into tradable tokens while reflecting fan engagement and creator activity in real time on-chain.
Speaking on the major update, Eugene, CEO of bitBLUE, said;
“This update marks a key turning point in building a real utility foundation for $TOWN. Going forward, we will continue expanding utility and global partnerships to create a sustainable Web3 ecosystem.”