Greetings dear Binancians!
Today is the start of my new educational series which condense my thoroughly researched and highly informative data and inside knowledge into short, pleasant to read & learn, mouth-sized bits.
The first project I want to cover is SPACE ID - this series is build from six sections and has everything you need to know about the project, check it out now.
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What is the tokenomics of SPACE ID?
SPACE ID has its own governance token called ID, which was launched on the Binance Launchpad platform in March 2023.
The token has a total supply of 2 billion ID, with an initial circulating supply of 14.3% of the total supply.
The ID token has various use cases within the SPACE ID ecosystem, such as:
• Governance: ID holders can participate in the governance of the platform, such as proposing and voting on protocol upgrades, parameter changes, new features, etc.
• Staking: ID holders can stake their tokens to earn rewards from the platform’s revenue streams, such as registration fees, trading fees, advertising fees, etc.
Utility: ID holders can use their tokens to access premium services and features on the platform, such as discounts on domain registration and renewal, priority access to new TLDs, exclusive NFT collections, etc
