Binance Alpha Launches TOWNS Trading and Airdrop

Binance will commence TOWNS token trading on its Alpha platform on August 5, 2025, with an associated airdrop event for qualified participants.

The event targets active user engagement within Binance’s ecosystem, potentially increasing interest in TOWNS and bolstering Alpha Points utilization.

Binance Alpha Airdrop Requires 430 Points Initially

Eligible users will participate in the airdrop using Binance Alpha points. The two-phase airdrop requires 230 points initially, then 200 points, reducing by 15 points hourly if tokens remain.

Marketplace and key industry figures have yet to comment on this event. As of now, there are no regulatory statements from governing bodies about TOWNS or related drops. No commentary has surfaced from industry leaders or institutions.

As of the latest information, there are no direct quotes from Binance executives or related authorities regarding the TOWNS trading and airdrop event. All details have been sourced from Binance’s official announcements.

TOWNS Valuation Declines Over 52% Before Binance Launch

Did you know? Binance Alpha’s similar airdrop programs for other tokens like DRIFT often spur initial interest but rarely impact broader crypto markets like ETH or BTC.

TOWNS, a cryptocurrency, sees a 24-hour trading volume of $96.52 million with an $81.00 million market cap. The token’s price dropped by 52.56% across multiple periods before its listing on Binance Alpha, as of 15:32 UTC, August 5, 2025, according to CoinMarketCap.

The Coincu research team notes that Binance’s structured airdrop strategy for TOWNS aims to boost engagement. However, such approaches often result in fleeting interest rather than sustained market shifts. Long-term effects on financial performance and user retention remain uncertain.