SPACE ID is building a universal name service network, providing a one-stop identity platform for discovering, registering, trading and managing Web3 domain names. It also covers a Web3 name SDK and API for developers across blockchains, and provides a multi-chain name service for everyone to easily establish and create their own Web3 identity.
SPACE ID is building an infrastructure that includes the following major components working together:
One-stop Web3 domain name and identity platform: various incentive mechanisms, easy-to-use wallets and users' decentralized identities are established.
Multi-chain name service: SPACE ID's multi-chain domain name service includes but is not limited to the top-level domain names that the SPACE ID team has and will launch, as well as other domain name providers that join SPACE ID with this groundbreaking multi-chain name service function.
Web3 Name SDK and API: One SDK for all has always been one of the main features of SPACE ID to support all Web3 dApps.
It is designed as a unified, streamlined approach that greatly simplifies the integration of Web3 name services, eliminating the need for developers to use multiple protocols, saving time and reducing the risk of compatibility issues.
ID is the governance token of SPACE ID. It is designed to play a key role in the decision-making process of the project, giving users a say in the direction and future of SPACE ID, and incentivizing users to participate in the project and contribute to its success. The total supply of ID is 2,000,000,000, and the initial circulation supply after listing is 286,000,000 (14.30% of the total token supply).
ID is the native token of the SPACE ID ecosystem and is used for the following functions:
· Staking: Staking ID tokens can get discounts on SPACE ID domain NFT market transaction fees and discounts on Web3 domain name registration on SPACE ID.
Payment: As a means of payment within the SPACE ID ecosystem and for Web3 Name SDK integration.
Governance: Users can participate in SPACE ID DAO proposals.
The seed sales quota is 400 million IDs, the strategic sales quota is 160 million IDs, and the Binance sales quota is 100 million IDs, totaling 2,500,000 USDT.
Token distribution will begin at 10:00 (UTC) on March 22, 2023.
On February 6, SPACE ID completed a strategic financing of US$10 million led by Polychain Capital and dao5. At the same time, SpaceID also supports domain name services on the ARB chain.
Is it worth buying online?
At present, it seems that only ENS can be compared with SpaceID in terms of Web3 domain name service + DAO + DID project. The advantages of SpaceID in terms of track and level are instantly revealed. If the initial market value starts at 10 million US dollars, the market price of the leading NES project may be around 1U or even higher.
What price can I buy at?
10 million is fully diluted by 286 million, and the lowest price is 0.035u as the initial issue price
Excluding the 2.5 million quota of Binance Launchpad public sale, all will be released, and the minimum price of 0.053u is the initial issuance price
At the same time, BNB has risen by more than 9% from yesterday's bottom. Market investors are very enthusiastic about SpaceID. If the opening price is based on a price above one, and the highest price is 20 times the target to 1u, then after the opening, it is more stable to try to buy at a price below 0.1U to 0.2u.