Binance is excited to announce the 30th project on Binance Launchpad - Space ID (ID). The token sale for Space ID will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2023-03-17 00:00 (UTC).
Binance will record user BNB balances for five days from 2023-03-17 00:00 (UTC) to 2023-03-22 00:00 (UTC). The final BNB holding amount for each user will be determined as the average of the five days, using the Daily Average BNB Balance calculation previously announced here.
ID Token Sale Details:
- Token Name: Space ID (ID)
- Launchpad Hard Cap: 2,500,000 USD
- Hard Cap Per User: 15,000 USD (600,000 ID)
- Total Token Supply: 2,000,000,000 ID
- Total Tokens Allocated to Binance Launchpad: 100,000,000 ID (5% of Total Token Supply)
- Public Sale Token Price: 1 ID = 0.025 USD (price in BNB will be determined prior to subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
- Preparation Period 2023-03-17 00:00 (UTC) to 2023-03-22 00:00 (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a five-day period. Your final average daily BNB balance over these five days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2023-03-22 06:00 (UTC) to 2023-03-22 09:00 (UTC): Subscription will open at this time for all eligible users for a three-hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
- Calculation Period 2023-03-22 09:00 (UTC) to 2023-03-22 10:00 (UTC): Subscription closes and token allocation calculation begins.
- Final Token Distribution 2023-03-22 10:00 (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your ID and BNB tokens will both be transferred to your spot wallet.
To learn more about Space ID (ID), read Binance Research's in-depth report here.
Space ID Project Links:
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale.
* Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform:
Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, Iraq, New Zealand, North Korea, South Sudan, Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.