Towns Airdrop Step By Step Guide - Raised $61M From a16z
Defi Edwin
4 days ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
- Core Functionality: Towns is a decentralized communication protocol and application designed to empower communities to build, own, and govern digital town squares. It enables blockchain-based group chats and gatherings in a fully decentralized manner.
- Recent Updates: The project has raised $61 million from notable investors like a16z Crypto, Coinbase, and Benchmark, with an airdrop confirmed for Q2.
- Reason to Farm: The airdrop is backed by high-profile investors, indicating strong project potential. Users can earn points by participating in paid towns, tipping, and daily check-ins.
- Participation:
- Deposit funds (around $5-$10) into your Towns wallet via supported networks like Arbitrum, Base, or Polygon.
- Join paid towns (costs vary, e.g., 0.005 ETH) to earn points. Free towns do not yield points.
- Tip friends or community members to earn additional points.
- Check in daily via the "Beaver icon" to accumulate points over time.
- Create your own paid town to earn points when others join.
The video emphasizes the importance of being active in towns (e.g., sending daily messages) and collaborating with trusted peers for mutual tipping. The project is still in beta, so the platform may experience delays or bugs.
Transcript
Transcript
Hello guys, Edwin here. Today we're going to be talking about Towns Protocol. Towns is a decentralized communication protocol and application designed to empower communities to build, own and govern digital town squares. Okay, so Towns has raised a total of $61 million and they have confirmed an airdrop for people who use the Towns Protocol. So you can see their back is A6Z Crypto and you know when A6Z Crypto backs their projects, you know it's going to do very well and most of their projects, they back do good airdrops. Okay, you can see Coinbase is also an investor right here, benchmark. A1CZ also invested right here. You can see they are one of the lead investors in the Towns Protocol and they confirmed an airdrop for Q2. You can see it's right here, Q2, which means we should be expecting the airdrop in the next month or the next you want. But for this, you need some funds to earn points. Okay, you need about $5 to $10 to earn points. So you have to make sure you do your own research. This is not a financial advice. Make sure you do your own research. Okay. So what you have to do is head over to Relay. Okay, let me show you Relay. So on Relay, what I do is I buy Ethereum from Bybit and send on the Arbitrum network. Because the gas is very cheap if you send from Bybit to your Metamask, it's very cheap. I bought about $10 and sent it to my Metamask wallet. So after you send it, just head over to Relay.link and read from Arbitrum to Bayes Ethereum if you don't have money on your Bayes wallet. Okay. So right after this, let's head over to the Towns website and start navigating to Endpoints. So right on Towns, here is it. These are the featured Towns and most of them are not that cheap. Okay, you can see this is 0.06, 0.003 Ethereum to join, 0.01 Ethereum to join. Okay. So it depends on the admin. Make sure you know the admin before you join this kind of Towns. Even though they give you more points. Some of these Towns give you 2,000 points. Some of these Towns give you 1,000 points. Okay. So my Town just cost, I think, 0.80 cents to join my Town. I have a free Town also. I'll be leaving all the links in the description below. So right on Towns, click on your wallet. When you get here, click on the wallet icon right at the top corner. Click Deposit. They are still in the beta phase, so the site is not that fast. Okay. When you click on your wallet, click on Add funds. And you can switch your network. You can connect your MetaMath wallet right here. Let's read this network. So right after connecting your MetaMath wallet to your Towns profile, just click on this arrow. And you want to deposit from Bayes. You want to deposit from Bayes Ethereum. You can also deposit from Arbitrum, Optimism, or Ethereum itself. So you can see the chains right here. Zero, Arbitrum, Bayes, Polygon, Optimism. Polygon also has very low fees. You can also deposit from Polygon also. But I always deposit from Bayes. Since Towns is on Bayes, it doesn't matter what you deposit from though. So we'll select the chain you have money on. And let's say you want to deposit this. Okay. So this is what you do. You enter the amount you want to deposit. So let's say 0.1200114. So right after entering this. You see, this is my MetaMath wallet. Right after inputting the amount you want to deposit to your Towns wallet, which is this one. Just switch the network. I'm using my Zerion wallet because Zerion is very fast. Okay. You can see I have already deposited. So I don't have any funds yet. I'm just showing you how to deposit. So after doing this, just click on Deposit Right Under This where it says Insufficient Funds. Can Deposit. Um. Let me show you. I think. Let's try to reduce the gas. That is still insufficient. Okay. Okay. You can see we can deposit 1.63. Because we have to pay that. Make sure you don't input oil. Um. The amount you have in your wallet. Okay. Just. Input. Um. Leave some. Leave some funds for gas when you are depositing. That's what I'll say. So. After doing that, just click Fund and accept the connection in your wallet and. Um. Sign the transaction to deposit your Towns wallet. So this will go from your Metamask wallet to your Towns wallet right here. So right after doing that, you earn points by joining other paid towns. If you join a free town, you won't earn anything. So. Can I head over to you? Um. This is my paid town. I have a free town and a paid town. I'll be leaving both links in the description. Okay. The paid town is called the DeFi Town. And. I'll be leaving the link in the description. Make sure you deposit before you join. But. For the free town, you don't need to. Um. Pay anything. So. This is my friend right here. I have been doing some tipping with him. The end point by tipping each other. Joining. Pay town. Make sure you tip people who you know. Don't tip anybody you don't know. Else. They might not tip you back. Okay. And. Sometimes too. Sometimes costs. $10. $20. If you are joining, make sure you know the admin before you join. The town. And tell him. To tip you back. Right after you join. His or her town. Okay. So. You can come right here. This is how to tip. Let's say. You see he said GM. Let's tip each other. Today. So you click on this green button right here. And include amounts. You want to tip. How to tip him $1. So click tip. And. The transaction will be confirmed. In your town's wallet. Click send right here. So the town's photo port is still under development. Okay. You can see the site is not all that responsive. So you earn. Point by tipping. People. Joining pay town. Make sure. The pay towns you join are very cheap. You can see the tipping just worked. And. I have his ex account. I'll just go and test him. Hey bro. I have tipped you. So he's going to tip me back. Get it. So. Right after doing that. You need to. Click on this Beaver icon right here. This. Beaver icon. Right at the top here. So you click on it. And you check in every single day. Okay. You check in every single day. You click on this icon right here like this. You just click on next. So I see I already checked in. So I have to wait for three hours and 25 minutes more to check in again. So if you check in one day. It's one point. If you check in three days. It's two points. If you check in three days. It's three points. It goes on. Like that. 30 days. So every single day you check in. Your end points. If you don't want to spend money on joining people's pay towns. You can also do the check in. Your end. Yes. That's basically it. This is how you create your town. Okay. You name your town right here. Give your town a name. Okay. Input any name you wished. To give your town and upload a picture right here. You can. Okay. Let me show you. So. Let's set a picture right here. After setting your picture. Click next. You can choose whether your town should be free or your town should be paid. Okay. If your town is free. You don't earn points when people join. But if your town is paid. You earn points when people join. Okay. So you can click on paid and choose whether it's fixed. Faced amount. You can. Input. 0.005. Okay. But for the fixed amount. The minimum is 0.01 Ethereum. 0.01. This is fixed. And it's not going to change. For the dynamic. It's going to start from $1 to $100. As people join your town. So the more people join your town. The more it increases. I prefer you go for the dynamic one. Since it's cheap. And people will rather join that one over the fixed one. Okay. If you have friends. You can also DM them and tell them to join your town. You save them back. Okay. When they join your town. You are going to be seeing. The money they use to join your town. Your treasury. I'm going to show you all that. So here you choose whether it's fixed or dynamic. I choose to go for dynamic. And click create time. Your town will be created. And I'll go ahead and share your link on Twitter. To your friends. Or anybody you know. Okay. If you face any issues. Make sure you comment below. I'll be always happy to assist you. In my comment section. And make sure you join our Telegram. And talk to us. Make sure you link with our group members. So let's wait for our town to finish creating. And get back. So our towns have been created. This is the town we just created. And you can just go ahead and share your link to friends. Okay. You can share your link to friends. This is the members. And check your members right here. Okay. You end point by joining paid towns. Remember there's not free towns. Make sure you are always active. You always send messages in the groups you are in. Okay. You can just navigate to any town you want. And just send a GM. Okay. Just send a GM. And try to bring up any conversation. Okay. Send a good morning message. Every single day. You can see IJM here every day. Navigate to other towns. And send GMs right there. That's how you end point. And be active. So you can join people's towns. Make sure you join other people's towns. Look at this one. It's also 0.005. I think which is $3. Let's click on it and see. So you end point by joining towns. Okay. End point by joining towns. It says free. But in the channel it was saying it's paid. And also review people's channels. Make sure you join my town and review my town. Click join right here. Wait for it to verify your transaction. This is a free town. Okay. You can join free towns and be active. But like I said. They are not going to be ending point. Yes. So. You have to get to the conclusion. You end point by tipping your friends. Joining paid towns. Okay. You can see it's showing right here. So we click pay. And the amount will be deducted from your town's wallets. Okay. End point by joining paid towns. Sipping your friends. Checking in by rubbing the beaver's belly every single day. Okay. That's how you end point. Right. On towns. So. That's it for the video. You can also buy. Um. Token with rights in towns. I'll show you that right now. After this town gets minted. So. We just joined this town. And okay. Click join. You always join with the username. You'll be asked to input the username. You want to be shown in the town. Okay. You can see my coin. You can see my coin just increased by 100 points. So. This cost 0.005 ethereum. I think that's. Um. Uh. I think. One dollar or so. Yes. So. For this town. The more people join. The more their price will increase. That's how my town is also like. So. You can also. Check. Um. The price of ethereum. And buy tokens right here. So this is how you do it. You enter the ticker. Dollar sign. And eth. And click. Send. I don't know why it's not showing. But. Um. It's baggy. Towns is still under developed network. Okay. So just. Um. When you enter this. A town. Sorry. Um. The price of ethereum is shown right under this. And you can go ahead and. Buy. Through. Um. You can go ahead and buy tokens through towns. Okay. Because. It will show you whether to buy or so. If I just go ahead and buy right here. And. It will be shown in your wallet. Okay. So. Make sure you join pay towns. Like these ones. With 0.005. All these. Ones are dynamic. Okay. So. You join towns. And you tip people. Make sure you tip each other. Find a friend. You are going to be tipping with. Tell them you want them. To. Tip you. Your phone back. When you tip them. Okay. So. You can see my phone just updated. The site is kind of slow sometimes. So. That's it. So that's it for the video. Make sure you comment below. If you face any issues. Um. You can also send your tokens out. If you don't want to use. Your phones. In the task again. Don't forget your daily checking. Okay. Thank you for watching. Peace.