The truth about Towns airdrop: Millions of points exchanged for "small rewards," early community users surprisingly became the biggest "runners-up."

Author: Asher, Odaily Planet Daily

Last night, Towns, which raised $46 million led by a16z Crypto, finally launched its TGE and opened the airdrop claim (for a detailed introduction to the Towns project, see: Towns, which raised $46 million, is about to go live, is the airdrop likely to be "small tokens"?). However, the major communities did not erupt in a frenzy of "big tokens" celebration; instead, they were drowned out by a wave of skepticism regarding the project's airdrop mechanism:

• The points and the number of airdropped tokens are disproportionate, and the level of activity has nothing to do with the airdrop; big holders lose out, real users lose out;
• After insisting on daily check-ins for several months, the final airdrop received is less than what was given by Binance Alpha;
• After finally being able to claim airdrop tokens, one still has to stake for 30 days to receive an additional 50% of the tokens; do these tokens count as part of the airdrop? If not staked, whose tokens are these?
• Persistently checking in and entering different towns, the accounts are deemed as witch addresses; what exactly is the standard for witch addresses?
• ……

Although a previous article objectively analyzed that the Towns airdrop was likely to be "small tokens," the actual airdrop results show that this Towns airdrop is not only "small tokens," but also treats many real users as witch addresses. Most importantly, although the airdrop is labeled as nearly 10% of the total token supply, in reality, early users only account for 3%.

Analysis of the Top Ten Addresses on the Leaderboard: The Most Received Only $6,000 Worth of Airdrop Tokens, with Multiple Frontline Addresses Lacking Airdrop Eligibility

Based on on-chain data and combined with the official airdrop query website (query address: https://eligibility.towns.com/check), the analysis of the airdrop amounts for the top ten addresses on the Towns leaderboard is as follows:

• Rank 1 Address: 0x447eac5102d70715ab39b3ed1a094bbac1fd06d5, Points: 15,302,605, Airdrop Tokens: 14,312;
• Rank 2 Address: 0xed4440c79c68dcf945c3fc1fcf2f8b1e3940e34c, Points: 10,282,204, Airdrop Tokens: 31,464;
• Rank 3 Address: 0x410c87a00bb79f069754e03606769ee8ce3da6f8, Points: 8,020,211, Airdrop Tokens: 26,771;
• Rank 4 Address: 0xa350e08ca97a79f95394047f94681f4cb689da86, Points: 7,866,452, Airdrop Tokens: 150,000;
• Rank 5 Address: 0x88f0e561558bc55edb4e0f7a0d31b8608d6b0adb, Points: 6,500,000, No Airdrop Eligibility;
• Rank 6 Address: 0x200f5b01ae0c635a8e2a9357e93415620db4bfe6, Points: 6,360,000, No Airdrop Eligibility;
• Rank 7 Address: 0x250fcf1b03f6d79bfbbc5177b775d5a8ddd771ae, Points: 6,140,000, No Airdrop Eligibility;
• Rank 8 Address: 0x7647c0887fe0060e3c7c0d17cc1877237d133621, Points: 5,500,000, No Airdrop Eligibility;
• Rank 9 Address: 0xfda6396cc3c528ded4aa09c5a0ec531e88bdc857, Points: 5,500,000, No Airdrop Eligibility;
• Rank 10 Address: 0x3d4eb29af62aa1ef193d4d520fcca4ddecd8bc09, Points: 3,177,896, Airdrop Tokens: 4,226.

From this set of data, the results are astonishing: addresses ranked 5th to 9th, despite holding millions of points, have no eligibility for the airdrop and are directly treated as "witch addresses" by the project. Even more shocking is that the address with the most points, "Rank 1," accumulated over 15 million points, ultimately only received less than 15,000 TOWNS tokens, which, based on current prices, is worth less than $600; it’s simply "earning points until exhaustion, only to lose in the airdrop."

The address that received the most airdrop in the top ten only got 150,000 tokens, with a market value of around $6,000. This seems okay? But don’t forget, to achieve such high points, it can be assumed that the user joined a large number of paid towns; if the costs are calculated, it’s not just that they didn’t make money, but they likely didn’t even break even.

In short, from rank one to rank ten, with points ranging from millions to tens of millions, the airdrop received is mostly meager, with many not receiving a single token. So the question arises: who actually received the TOWNS tokens? If the front-line users are all "runners-up," where are the real airdrop winners hiding? Which addresses are the large amounts of tokens flowing to?

In the 10% Airdrop Share, Early Users Only Account for 3%

According to feedback from "token hunters" KOL Bing Frog and several senior token hunters, among the 9.8% airdrop share announced by Towns for the community, about 3% was allocated to community point users; Binance Holder users received about 3%; the Binance Alpha program is estimated to account for 1% to 2%; the remaining portion is likely allocated to activities held by other centralized exchanges, such as Bybit.

Although the official rhetoric emphasizes the importance of the community in the airdrop, in practice, more tokens are allocated to exchanges and their related activities.

Long-time Users Committed to Community Building and Daily Check-ins Received Fewer Airdrop Tokens than CEX Users

According to feedback from several deep participants in the Towns community, they spent months continuously producing content in the towns they created, inviting newcomers, and insisting on daily check-ins, only to receive less than 1,000 tokens as airdrop rewards, which is even less than the 1,359 tokens received by users who only met the Binance Alpha conditions and had never interacted with Towns before.

This comparison not only neglects individual contributions but also exposes the airdrop mechanism's undervaluation of "real users." Community members spent months participating in building, bringing real user data, revenue, and market promotion to the project, but ultimately received airdrop shares that are even less than those CEX users who hadn’t heard of the project until yesterday.

A recent emerging trend is that— in order to launch more centralized exchanges at TGE, many project parties treat real community users as "electronic beggars," while treating exchange users as "honored guests." It’s important to note that the latter, even if they receive a lot of airdrops, mostly sell them off at the opening; while community users who are willing to participate early and stay long-term are the ones who will continue to use the protocol and generate ongoing revenue for the project after TGE.

If the community cannot benefit, how long can the "decentralized narrative" of Web 3 projects continue to be told?

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