


Space ID aims to raise $2.5 million during the Binance Launchpad sale of its native ID token.
Introducing ID Token
Space ID universal name service is launching a payment and governance token, called $ID, on Binance Launchpad.
Introducing #SPACEID governance token, the ID token, & its public release on @binance Launchpad.
— SPACE ID (@SpaceIDProtocol) March 16, 2023
Another key component is added to our ecosystem.
Read our blog post to learn more about $ID, the distributions, airdrops & the public sale.https://t.co/8SaKeLdnli
Established in the third quarter of 2022, Space ID enables users to employ a unique human-readable domain name (such as “bscnews.bnb”) for their crypto wallet, instead of a long alphanumeric string of characters, and the name can be used across Web3, social media and email.
Starting off on BNB Chain, Space ID branched out to the Arbitrum network with its .arb Name Service in February 2023.
“We are thrilled to announce the launch of SPACE ID governance token — the ID token, and its public release on Binance Launchpad. The preparation period of Binance Launchpad subscription will start on March 17th, 2023, 00:00 UTC and the token distribution will start from March 22nd, 2023, 10:00 (UTC),” according to a Space ID blog post.
The ID token will have the following functions:
- Stake to receive discounts on Space ID NFT marketplace and Web3 domain registration
- Means of payment within Space ID ecosystem and Web3 Name SDK Integration
- Hold to participate in governance and vote on Space ID DAO proposals.
In order to participate in the Binance Launchpad event, Binance will calculate exchange users’ BNB holdings over a period of five days, which will determine how much $ID they can buy. The launchpad price is $0.025 per 1 $ID, and tokens will unlock at the public token generation event.
5% of the total $ID supply is allocated to the launchpad event, with a hard cap of $2.5 million. (The launchpad price sets the project’s market capitalization at $50 million.)
What is SPACE ID:
Space ID is a service that supports domain name registration on the BNB Chain ecosystem. Space ID intends to give users a unique identity for all chains. On Space ID, usernames can be associated with their identities across multiple blockchains. SpaceID will also allow users to connect their identities from the Web2 world, including Twitter, Email addresses, and Github accounts, to Web3.
Where to find SPACE ID:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News


Do Kwon Faces Extradition to the United States Over Terra Crypto Collapse

The decision, yet to be officially announced, follows the US Securities and Exchange Commission's (SEC) charges against Kwon for alleged crypto asset securities fraud.
Montenegro's Justice Minister is reportedly inclined to extradite Do Kwon, the founder of Terraform Labs, to the United States, according to a recent report from The Wall Street Journal.
Do Kwon, a key figure in the Terra blockchain ecosystem, is wanted by the United States and South Korea for his alleged involvement in the downfall of Terra's digital assets.
The decision follows Kwon's arrest in Montenegro last March. The collapse, which occurred in May 2022, triggered a broader market downturn affecting major players in the cryptocurrency space.
Legal Maneuvers and Extradition Talks
Kwon, who initially agreed to be extradited to South Korea, now faces the possibility of extradition to the United States. Montenegro's Justice Minister has privately communicated the decision to send Kwon to the US to answer charges related to financial crimes.
The specific charges include commodities fraud, securities fraud, wire fraud, and conspiracy to defraud and engage in market manipulation during Kwon's tenure at Terra.
Despite Kwon's earlier agreement for extradition to South Korea, the final decision rests with Justice Minister Milovic. The minister may await the outcome of a potential last-ditch appeal by Kwon against the court ruling.
Milovic emphasized that the decision would be made public "in a timely manner," leaving room for speculation on the intricate legal proceedings.
SEC Charges and Market Impact
The United States Securities and Exchange Commission (SEC) had previously charged Kwon with defrauding investors in crypto schemes in February. The legal action marked a pivotal moment, linking Kwon to allegations of orchestrating a multibillion-dollar crypto asset securities fraud.
In May 2022, Terraform Labs' collapse had a significant impact on the broader cryptocurrency market, impacting major platforms like Voyager Digital, BlockFi, Celsius Network, and FTX.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Try Now!

Sign up Now
Coming Soon

WIN BIG

Coming Soon

Start Earning Today!

Earn Now
Coming Soon

Sign Up Now

Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%