Towns (TOWNS)

TOWNS is a decentralized protocol for building real-time messaging applications with blockchain-secured communication infrastructure. It consists of an EVM-compatible Layer 2 chain (built on Base), decentralized “stream” nodes that deliver encrypted messages, and smart contracts managing Spaces, permissions, and token economy rules. TOWNS empower communities to create programmable “Spaces” where permissions, subscriptions, and roles are governed on-chain.

Market Cap

$4.1M

Staking Reward Rate*

Data not available

Price

$0.00

Auto-Compounding

No

Reward Frequency

Every 2 Weeks

Activation

Immediate

Withdrawal

30 Days

Slashing Penalties Enabled

Yes

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake Towns With Figment?

• Figment provides enterprise-grade validator infrastructure with industry-leading uptime, advanced monitoring, and dedicated protocol specialists. We are trusted by over 1,000 institutional clients to secure and grow their digital asset positions.
• Figment has supported TOWNS from testnet through mainnet launch. Our early involvement ensures deep protocol expertise and a direct line to ecosystem stakeholders.
• We combine high-performance validation with proactive risk management practices to optimize uptime while minimizing slashing exposure.
• Figment’s infrastructure is built with institutional security standards, including rigorous monitoring, alerting systems, and operational best practices designed to safeguard your assets.

Towns Staking FAQ

What is TOWNS?+

TOWNS is a decentralized protocol for building real-time messaging applications with blockchain-secured communication infrastructure. It consists of an EVM-compatible Layer 2 chain (built on Base), decentralized “stream” nodes that deliver encrypted messages, and smart contracts managing Spaces, permissions, and token economy rules. TOWNS empowers communities to create programmable “Spaces” where permissions, subscriptions, and roles are governed on-chain.

How does staking work on TOWNS?+

The TOWNS token can be staked on the Base network to contribute to the security and decentralization of the TOWNS proof-of-stake architecture. Token holders delegate their tokens to node operators to help support network operations. Rewards accrue continuously and are distributed on a bi-weekly schedule. Delegates receive rewards proportional to the amount of TOWNS delegated to their chosen operator, after the operator’s commission is applied.

What are staking rewards?+

Staking rewards are generated by the protocol and distributed to node operators and their delegators. Rewards are accrued continuously and paid every two weeks based on activity and stake distribution. Operators take a defined commission, and the rest of the reward is shared with delegators in proportion to their stake.

Is there an unbonding period?+

Yes. When initiating an unstake, TOWNS tokens enter a 30-day cooldown period before they can be fully withdrawn and transferred. This lockup supports network stability and prevents rapid stake fluctuations.

Can it be slashed?+

Yes. TOWNS Protocol enables slashing penalties for validator misbehavior (e.g., downtime or double-signing). Delegating to a professional validator like Figment helps reduce operational risk through robust infrastructure and monitoring systems.