What is SPACE ID (ID)? Technical analysis of SPACE ID (ID) project

Web3 Identity Protocol with Multi-Chain Domain Name Service.

March 16, 2023

• SPACE ID is building a global domain name services network with an all-in-one identity platform to help discover, register, transact, and manage Web3 domains. It also includes Web3 Name SDK & API for developers on blockchains and provides multi-chain domain name service so anyone can easily build and create Web3 identities.

• ID is the native token of the SPACE ID ecosystem and is used with the following functions:

  • Staking: Stake ID tokens to receive discounts on SPACE ID domain NFT marketplace trading fees and SPACE ID Web3 domain registration discounts.

  • Payment: Used as a means of payment within the SPACE ID ecosystem as well as for Web3 Name SDK integration.

  • Administration: Users can participate in SPACE ID DAO proposals.

• SPACE ID is creating an infrastructure consisting of the following key components that work together:

  • All-in-one Web3 Domain and Identity Platform: The all-in-one Web3 Domain and Identity Platform, SPACE ID, is an innovative infrastructure that enables users to manage all aspects of the domain owned by  them in one place.

  • Multi-Chain Domain Services: SPACE ID Multi-Chain Domain Services including but not limited to Top-Level Domains ("TLDs") have been and will be deployed by the SPACE ID team, in conjunction with vendors Other domains join SPACE ID with this groundbreaking multi-chain domain name service feature.

  • Web3 Name SDK & API: One SDK for all has always been one of the key features of SPACE ID that powers all Web3 dApps. It is designed to be a unified and streamlined approach that greatly simplifies the integration of Web3 domain services, eliminating the need for developers to work with multiple protocols, Save time and reduce the risk of compatibility issues.

• As of March 16, 2023, the total ID supply is 2,000,000,000 and the circulating supply at listing will be 286,000,000 (14.30% of total token supply).

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1. What is SPACE ID?

• SPACE ID is building a global domain name services network with a one-stop identity platform to discover, register, transact, manage Web3 domains. It also includes the Web3 Name SDK & API for developers on blockchains and provides a multi-chain domain name service that makes it easy for anyone to build and create Web3 identities.

• SPACE ID is one of the largest and most dominant Web3 domain name service providers of Top Level Domains such as .bnb and .arb.

• The single-layer platform powered by SPACE ID brings together the Web3 domain discovery, registration, transaction, and management experiences.

• The Web3 Name SDK allows developers to integrate all Web3 name services in one toolkit.

• SPACE ID has a thriving ecosystem, having strengthened its position in the market with successful integrations with over 100 leading and reputable projects, including BSCScan, Trust Wallet, etc.

2. Products currently in circulation:

• .bnb Name Service và .arb Name Service

  • In September 2022, SPACE ID was launched with .bnb Domain Services on BNB Chain. During these 6 months, SPACE ID quickly achieved a total of over 440,000 registrations and 250,000 unique domain owners.

  • In February 2023, SPACE ID partnered with .arb Domain Name Services, which achieved more than 95,000 registrations and 70,000 unique owners in just a few weeks after opening public registration.

• All-in-one Web3 Domain and Identity Platform: 4 key features include:

  • Discovery: A hub where users can search for desired domains across all supported TLDs, as well as explore trending domain collections. It supports functions such as auto-suggestion and quick checking of domain registration status.

• Registration: Users can now register all Web3 domains on SPACE ID Mainnet. .bnb, .arb and .eth domains are already supported on Mainnet.

• Trading: A marketplace specifically designed for trading Web3 domains, with aggregated liquidity from other marketplaces such as OpenSea.

• Management: A single integrated portal to manage the renewal, recording, and ownership of all Web3 domains.

3. Economic activities and token trading

3.1 Token sale data

3.2 Token allocation

ID token allocation

ID token distribution roadmap

4. Roadmap and updates

4.1 Completion milestones

4.2 Current roadmap

Quarter 2 2023:

• SID Launchpad for Custom TLDs: A place for the community to easily build and launch custom TLDs.

• Multi-chain top-level domain infrastructure: SPACE ID will build a top-level domain provisioning infrastructure with multi-chain support.

• Launch of SPACE ID DAO: Official launch of SPACE ID DAO.

Quarter 3 2023:

• Deploy ID as payment token on SPACE ID

• Domain NFT-Gated Merch Store: Exclusive personalized merchandise for SPACE ID domain owners.

• Developer Grant Program: The SPACE ID Developer Grant Program focuses on providing incentives to the developer community to build and further expand the ecosystem.

Quarter 4 2023:

• ID Token Staking: Staking to get domain name discount and transaction fee discount.

• Universal domain ID SPACE: Issues an identifier (: colon domain), which can represent all multi-chain identities and addresses.

4.3 Trade and business development progress

• .bnb Domain Name Service: Link.

• Trust Wallet: SPACE ID is supported on Trust Wallet. Users can change their display name and deposit using a .bnb name on Trust Wallet, Link.

• ID SPACE Gift Card: ID SPACE Gift Card is a BEP-1155 NFT, the card can be listed for sale and transferred. At the same time, it contains values ​​that can be converted into SID Point, Link.

• NFT domain skin: Link.

• Domain Referral Program: With the Referral Program, .bnb domain owners can receive up to 15% of the registration fees of invitees, Affiliates.

• Voyage Series: SPACE ID Voyage is a community-only loyalty program. It's a series of great campaigns and bigger events than ever on Galxe to reward all the core loyal users, Links.

• BscScan: Integrating .bnb Domain Services with BscScan, .bnb Domain Owners can interact with the largest BNB Blockchain Explorer using their .bnb name, Link.

• SPACE ID 2.0: SPACE ID 2.0 provides a one-layer Web3 domain and identity platform for discovering, registering, transacting, and managing Web3 domains. It also includes the Web3 name SDK & API for developers across blockchains and provides a multi-chain name service for anyone to easily build and create Web3 identities, Federations.

• ARB ID: The ARB ID team has joined the SPACE ID 2.0 ecosystem to jointly build the Common Name Service network, Federation.

5. Community

• Twitter

• Medium

• Discord

• Telegram