Over the past year, the cryptocurrency market has been one of the most vibrant and exciting sectors with market ups and downs. And now, a new SPACE ID crypto project is coming to Binance Launchpad that promises to revolutionize the way we think about cryptocurrencies and blockchain.
The project in question is SPACE ID Crypto, a new cryptocurrency that aims to create an innovative ecosystem for the industry. With its web3 platform and advanced blockchain technology and highly skilled team, SPACE ID cryptocurrency is ready to take off and become one of the biggest cryptocurrencies in the market in 2023.
In this review, we’re going to take a closer look at the SPACE ID Crypto project and find out what makes it so exciting and promising. From its ambitious goals to its development roadmap and team of experts, let’s explore everything you need to know about this exciting new cryptocurrency PACE ID is it worth it or is it a good investment for 2023.
What is SPACE ID Crypto: Multi-chain Name Service
Space ID is a multi-chain unique identity naming service platform for discovering, registering, trading and managing web3 domains. It also includes a Web3 Name SDK & API for blockchain developers and provides a service multi-chain name so that everyone can easily build and create a web3 identity.
The platform was created to provide a safe and secure environment for companies to connect with their users and partners, without compromising the privacy or security of personal data.
Space ID was developed by the team at SpaceChain, a company building a blockchain satellite network to provide secure and decentralized data storage services. The SPACE ID Crypto platform is built on the latest blockchain technologies, including Ethereum’s smart contract technology, which allows companies to define business rules and privacy policies for their users.
How Does SpaceID Work?
The Space ID platform works using blockchain technology to create a secure and trusted network for validating web3 domains. SPACE ID’s main objective is to make the domain management process easier and more accessible for blockchain users. It offers four main actions, which are:
- To discover: It is a central hub for users to search for desired names across all supported TLDs, as well as discover collections of trending domains. The feature offers features such as auto-suggest and quick check of domain registration status. With SPACE ID, you can create a custom domain name to represent your web3 identity. This will allow you to be easily identified on the network, making your presence on the web3 much more visible. The registration process is very easy and fast and can be done in a matter of minutes.
- To register: Now users can register all domains on web3 in SPACE ID Mainnet. The .bnb and .eth domains will be the first two TLDs to be supported in the first version of Mainnet.
- Negotiate: A market specially designed to trade domains on the web3, with added liquidity from other markets such as OpenSea.
- To manage: A single integrated portal to manage renewal, registration and ownership of all web3 domains. SPACE ID gives users the opportunity to explore and expand their presence on the web3. The platform is very easy to use, as it provides all the necessary tools to manage a domain in one place. In addition, SPACE ID is a reliable platform, which guarantees the security of user data.
What are the Advantages of SPACE ID Crypto?
Space ID offers several advantages for companies that want to guarantee the security and privacy of their users’ personal data. Some of the main advantages include:
The new multi-chain name service, SPACE ID will expand its coverage to include more TLDs (Top Level Domains) across multiple chains, as well as welcome other domain providers to join. The company is already in contact with many industry partners on various blockchains, which will lead to rapid growth of the SPACE ID ecosystem.
Furthermore, SPACE ID Crypto also announced the update of its Web3 Name SDK, which now includes an all-in-one API. This solution was designed to be a unified approach that simplifies the integration of Web3 services, eliminating the need to work with multiple protocols. With a scalable and versatile design, SPACE ID’s Web3 Name SDK is a major advance in the adoption of Web3 services and has the potential to become a game changer in the Web3 era.
SPACE ID prides itself on its Web3 Name SDK and API being a one stop solution for developers and users alike, making integrating Web3 services an easy and efficient task. The company claims that its 100+ future and integrated partners will only need to integrate this single SDK to connect to all user-owned name data.
SPACE ID Binance Launchpad
Binance, one of the world’s leading cryptocurrency exchanges, announced its most new project on Binance Launchpad: SPACE ID Crypto (ID). The project’s token sale will follow Launchpad’s sign-up format and record the user’s balance in BNB for five days.
Local time: from 21/00/16 at 03:2023 (BRT) until 21/00/21 at 03:2023 (BRT).
International time: 17/03/2023 00:00 (UTC) to 22/03/2023 00:00 (UTC)
The Space ID token will have a maximum limit on Launchpad of 2.500.000 USD and a maximum limit of 15.000 USD (600.000 ID) per user. The total token supply will be 2.000.000.000 ID, with 100.000.000 ID (5% of the total token supply) being distributed on Binance Launchpad. The token price in the public offering will be 1 ID = 0,025 USD (price in BNB will be determined before registration).
The format of the token sale will be subscription, with sessions compatible only in BNB. The preparation period will be from 21/00/16 03:2023 (BRT) to 21/00/21 03:2023 (BRT), during which time users’ BNB balance will be calculated in hourly snapshots hourly, daily, for a period of five days. The final average daily BNB balance will determine the maximum amount of BNB the user can invest.
The application period will be from 03:00 on 22/03/2023 (BRT) until 06:00 on 22/03/2023 (BRT). During this 3-hour period, all eligible users will be able to apply. Users will also be required to sign the Token Purchase Agreement before committing their BNBs. It is important to note that once invested, the BNB will be locked and cannot be redeemed or accessed for any other function such as transfers, withdrawals or trading until the final distribution of the token.
SPACE ID cryptocurrency
SPACE ID is poised to become a leader in the Web3 ecosystem with the launch of his cryptocurrency ID governance token. Cryptocurrency ID aims to play an important role in the project’s decision-making process, allowing users to influence the direction and future of SPACE ID. As an essential part of the growth and sustainability of the SPACE ID ecosystem, the ID cryptocurrency encourages users to get involved and contribute to the success of the project.
As a native token of the SPACE ID ecosystem, the ID performs several important functions. One of the main functions of the ID token is staking, where users can stake ID tokens to receive discounts on SPACE ID domain NFT market trading fees and discounts on registering Web3 domains on the platform.
O crypto ID token is also used as a means of payment within the SPACE ID ecosystem and in the integration of the Web3 Name SDK. This functionality will allow users to carry out transactions within the Web3 space easily and quickly.
Furthermore, the Cryptocurrency ID is critical to project governance. Holders of ID tokens are entitled to participate and vote on SPACE ID DAO proposals. This means users have a say in project direction and decisions, making SPACE ID a truly decentralized platform.
Bottom Line
The SPACE ID Crypto project is very interesting because it aims to facilitate the purchase of web3 domains. As the price of the SPACE ID cryptocurrency will start at $0,025, depending on the purchase volume, a considerable increase of 30x is likely for this cryptocurrency. But this is just speculation based on other projects, it is worth mentioning that the cryptocurrency market it is highly volatile and investors should always carefully assess their risks before investing in any digital asset.
