Space ID

SPACE ID (ID) is a universal naming service network designed to connect people, assets, and decentralized applications (dApps) across different blockchain networks. It aims to simplify the management of digital identities in the Web3 space by providing a one-stop platform for discovering, registering, trading, and managing Web3 domains. The ID token serves as the governance token within the SPACE ID ecosystem, offering functionalities such as staking, payments, and participation in the SPACE ID Decentralized Autonomous Organization (DAO) proposals.

• Total Supply:

• 2,000,000,000 ID

• Initial Circulating Supply:

• 286,000,000 ID (14.30% of the total supply)

• Public Sale Token Price:

• $0.025 USD

• Token Type:

• BEP20 & ERC20

• Allocation:

• Binance Launchpad: 5%

• Advisors: 7%

• Strategic Sale: 8%

• Seed Sale: 20%

• Core Team: 15%

• Ecosystem: 10%

• Marketing: 13%

• Foundation: 12%

• Community Airdrop: 10%

As of today 27 July 2024, the price of Space ID is ₹45.94 INR, with a 24-hour trading volume of 91853299.47 USD. The market capitalization for Space ID is 328690416.1USD. The circulating supply is 662219805.24 Space ID, with the total supply also being 1995442028.57 Space ID.

Pros:

• Decentralized Identity Management:

• Facilitates the management of digital identities across multiple blockchains.

• Multi-Chain Support:

• Supports various top-level domains (TLDs), enhancing interoperability.

• Community Governance:

• ID token holders can participate in governance decisions through the DAO.

• Utility in Ecosystem:

• Used for staking, payments, and receiving discounts within the SPACE ID ecosystem.

• Innovative Technology:

• Incorporates Web3 Name SDK & API for seamless integration of web3 services.

Cons:

• Market Volatility:

• As with all cryptocurrencies, ID token prices are subject to market fluctuations.

• Regulatory Risks:

• Potential regulatory changes could impact the operation and value of the ID token.

• Adoption Rate:

• The success of the ID token is heavily dependent on the adoption of the SPACE ID platform.

• Competition:

• Faces competition from other digital identity and domain name services in the Web3 space.

• Technical Risks:

• Potential vulnerabilities or technical failures could compromise the network.

• Growing Web3 Market:

• The increasing adoption of Web3 technologies positions SPACE ID in a rapidly expanding market.

• Unique Value Proposition:

• Offers a comprehensive solution for managing digital identities across blockchains.

• Strong Community and Ecosystem:

• Backed by a robust community and partnerships with major blockchain networks.

• Innovative Features:

• The platform's features, such as multi-chain support and a unified SDK, offer significant utility.

• Governance Participation:

• Investors have the opportunity to shape the project's future through DAO participation.

• Universal Naming Service:

• Aims to become the standard for digital identity management in the Web3 space.

• One-Stop Web3 Domain Platform:

• Simplifies the process of discovering, registering, trading, and managing Web3 domains.

• Multi-Chain Interoperability:

• Supports a wide range of blockchains and TLDs, enhancing user experience and flexibility.

SPACE ID addresses the complexity of managing digital identities across multiple blockchains by providing a unified platform for Web3 domain management. It solves the problem of fragmented digital identities, making it easier for users to interact with decentralized applications and services.

The SPACE ID project is spearheaded by a diverse and experienced team of professionals with a rich background in blockchain technology, software development, and entrepreneurship. The leadership team includes individuals with significant contributions to both the tech industry and the Web3 space.

• Matthew Gertner

• is the Co-founder and CEO of Salsita Software and plays a pivotal role in SPACE ID. Gertner brings over two decades of experience in software development and entrepreneurship.

• Dan Zuller

• serves as the Chief Operating Officer (COO) of SPACE ID. Zuller's background includes over 15 years of experience in software development and entrepreneurship.

• Eyal Toledano

• is the Chief Technical Officer (CTO) of SPACE ID. With over 20 years of experience in software development and entrepreneurship, Toledano has held the CTO position for several successful startups, including SnapAppointments and Joopy.

• Ali Safavi

• holds the position of Chief Strategy Officer at SPACE ID. Safavi brings over ten years of experience in corporate strategy and business development to the team. B

Together, the SPACE ID founders bring a wealth of diverse skills and experiences to the project, united by a shared vision of creating a more secure and decentralized name service network for the Web3 era. Their combined expertise in software development, operational strategy, technical innovation, and corporate development positions SPACE ID to become a leading player in the decentralized name service market, offering an all-in-one domain management and identity verification solution.

• ICO Price:

• $0.025 USD

• Listing Date:

• March 22, 2023

• Initial Allocated Units:

• 100,000,000 ID tokens were offered during the public sale.

• Emerging Technology Risk:

• The Web3 and digital identity space is still evolving, which may pose unforeseen challenges.

• Competition:

• The success of SPACE ID is contingent upon outperforming existing and future competitors.

• Dependency on Platform Adoption:

• The value of the ID token is closely tied to the adoption and usage of the SPACE ID platform.

• Liquidity Risk:

• There may be periods of low liquidity, affecting the ability to buy or sell the token without impacting the price.

• Smart Contract Vulnerabilities:

• Potential vulnerabilities in smart contracts could lead to loss of funds or other security issues.

The SPACE ID whitepaper outlines the project's vision to create a universal naming service network that simplifies the management of digital identities in the Web3 space. It emphasizes the importance of a decentralized, secure, and interoperable platform for domain registration, management, and trading across multiple blockchain networks.

The whitepaper details the technical architecture of SPACE ID, including the use of the ID governance token, the Web3 Name SDK & API, and the multi-chain name service. It highlights the platform's commitment to providing a user-friendly experience, reducing the complexity associated with managing digital identities across different blockchains.

Key features of the SPACE ID platform include the ability to discover, register, and trade Web3 domains in a centralized hub, support for various TLDs, and a marketplace for domain ownership transfers. The platform aims to empower users with self-sovereign digital identities, enabling seamless interaction with decentralized applications and services.

The governance model of SPACE ID is also discussed, with the ID token playing a central role in enabling token holders to participate in decision-making processes through the DAO. This model ensures that the community has a say in the project's direction and development.

Furthermore, the whitepaper outlines the tokenomics of the ID token, including its total supply, allocation, and the utilities it provides within the ecosystem. It also addresses the challenges and opportunities in the Web3 digital identity space, positioning SPACE ID as a solution that bridges the gap between decentralized identities and the physical/digital world.

In conclusion, the SPACE ID whitepaper presents a comprehensive vision for a decentralized naming service network that addresses the current limitations in digital identity management. By leveraging blockchain technology, SPACE ID aims to revolutionize how individuals and entities interact with the Web3 ecosystem, providing a secure, interoperable, and user-centric platform for digital identity management.