Binance is again on the news with its new listing of a Web3 platform named Alttown on Aug 26, at its Alpha channel. To keep the new project in the limelight and to offer early users rewards, an Alt.town Token airdrop event is also organised for the eligible users. The promising launch didn’t reveal complete information yet, so stay connected to the platform’s official page to get updates.
Source: X
Users can claim their Alt.town Token through airdrop once the trading kicks off. In the process, first visit the official Binance Alpha site and here, go on the Events page and search for the token with its name and select it. Now you can swap your Alpha points, points earned through activity participation, with Alt.town Token.
It is a Web3 platform that lets fans purchase and trade digital tokens called DNA,which reflects the popularity and value of virtual creators like idols, VTubers, and influencers. Each creator has their own DNA, which shows their content and fan support.
Unlike normal platforms, Alttown lets fans take part in creators' activities, use their IP for new works, and build a closer bond. In simple words, it is a project that connects entertainment with blockchain in a simple way.
The platform integrates four types of currencies in its ecosystem:.
Mile: You can earn this by joining events. You can change Mile into Key anytime.
KEY: This is the main currency inside the platform.
$TOWN: This is the only currency you can send outside the ecosystem through your wallet, or you can turn it back into KEY.
DNA: Digital tokens that show the value of each virtual creator.
Source: Whitepaper
The distribution of the 2B supply of the main governance Alt.town Token, $TOWN, is as follow:
Chain: BSC
Total Supply: 2,000,000,000
Maximum Supply (100%): 2,000,000,000
Investors (15.5%): 310,000,000
Community (29.5%): 590,000,000 (Airdrop 4.5%)
Treasury (13.5%): 270,000,000
Ecosystem (17.5%): 350,000,000
Team (13%): 260,000,000
Advisors (2%): 40,000,000
Exchange & liquidity (9%): 180,000,000
Right now, the price of the coin will start based on the first exchange listing, expected around $0.02-$0.05, and later follow base prices from platforms like CoinMarketCap or CoinGecko. With BSC chain and 2 billion fixed supply, the value will depend on demand.
In the short term, it may stay in the $0.05-$0.10 range as trading increases. With 29.5% tokens for the community (including 4.5% airdrops) and 17.5% for ecosystem growth, more users may join, which could lift prices toward $0.15-$0.20.
For the long term, if Alttown expands its fan economy and attracts major VTubers and influencers, it could move higher, potentially reaching $0.30-$0.50, depending on adoption, community use, and overall trading volume.
The project is based on the theme which is most lovable nowadays. Creators looking for the chance to showcase their talent and fans also want to explore new rising talents and support them. So, it was likely for the platform to be firm at a long pace. But the competition with other platforms is not going to be easy, especially the utility ones. So, let’s see how far the fans will support the network that is designed to support them.
Bhumika Baghel is a rising crypto content writer with a deepening interest in blockchain technology and digital finance. With a keen understanding of market trends and cryptocurrency ecosystems, she breaks down intricate subjects like Bitcoin, altcoins, DeFi, and NFTs into accessible and engaging content. Bhumika blends well-researched insights with a clear, concise writing style that resonates with both newcomers and experienced crypto enthusiasts. Committed to tracking price fluctuations, new project developments, and regulatory shifts, she ensures her readers stay informed in the fast-moving world of crypto. Bhumika is a strong advocate of blockchain’s potential to drive innovation and promote financial inclusion on a global scale.