The decentralized identity protocol SPACE ID announced the establishment of the DAO Treasury Department, which will implement the Token repurchase and destruction mechanism. Platform revenue will include all registration revenue accumulated since the TGE date, with execution moved forward on a quarterly basis.

Specifically, 50% of the total net revenue generated by the SPACE ID platform (including revenue from domain name registrations, renewals, gift card purchases, and SPACE ID marketplace fees) will be used to purchase and destroy IDTokens. The remaining 50% of the total net proceeds will be added to the DAO vault, which will be held in the form of stablecoins and managed by all eligible ID Token holders.