KuCoin Announces Listing of Towns Protocol (TOWNS) on Spot Trading Platform

KuCoin has announced the listing of Towns Protocol (TOWNS) on its Spot trading platform. The trading pair TOWNS/USDT will be available for users starting August 5, 2025. This addition marks another significant project joining the platform, expanding KuCoin’s diverse cryptocurrency offerings.

According to the announcement, deposits for TOWNS will be available soon, supporting both ETH-ERC20 and BASE-ERC20 networks. The Call Auction is scheduled from 13:30 to 14:30 UTC on August 5, 2025, with trading commencing at 14:30 UTC the same day. Withdrawals will be enabled from 10:00 UTC on August 6, 2025.

Understanding Towns Protocol

Towns Protocol is designed to facilitate the creation of decentralized real-time messaging applications. It operates as a blockchain for communication, featuring an EVM-compatible Layer 2 chain, decentralized off-chain stream nodes, and smart contracts deployed on Base. Users can create programmable communication use cases, known as “Spaces,” in a permissionless environment.

These Spaces offer features such as on-chain subscriptions, an extendable reputation system, and end-to-end message encryption. Space creators can generate revenue through on-chain memberships, with the protocol accruing value by collecting fees from membership sales, trading, and tips exchanged between users. As of July 26, Towns Protocol reported over 9117 ETH in gross revenue and collected over 901 ETH in net fees.

Trading Bots and Risk Considerations

Once spot trading begins, TOWNS/USDT will be accessible for Trading Bots, including services like Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend. These tools aim to enhance trading efficiency and strategy for users engaging with the new listing.

KuCoin advises users to conduct thorough risk assessments before investing in cryptocurrency, highlighting the 24/7 nature of the market and the inherent risks involved. Despite diligent screening processes, KuCoin acknowledges the potential for investment risks and emphasizes the importance of informed decision-making.

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