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What is SPACE ID (ID)?
SPACE ID basic info
Are you ready to discover the exciting world of SPACE ID, a universal name service network that seamlessly connects people, information, assets, and applications in the digital world? Let's dive into an overview of SPACE ID and the exclusive events Bitget offers!
Introduction to SPACE ID
SPACE ID is currently engaged in the development of a universal name service network along with an all-in-one identity platform. Their aim is to simplify the process of discovering, registering, trading, and managing web3 domains. This comprehensive project also encompasses a web3 name Software Development Kit (SDK) and Application Programming Interface (API), which caters to developers across various blockchains, and a multi-chain name service accessible to all users looking to establish and manage their web3 identities with ease.
SPACE ID was founded in the third quarter of 2022 and offers a distinctive human-readable domain name option that enables crypto wallet users to utilize a unique name rather than a lengthy and complex alphanumeric string. This name can be used effectively across different platforms, including web3, social media, and email. Initially launched on the BNB Chain, SPACE ID has since expanded its reach to the Arbitrum network with the introduction of the .arb Name Service in February 2023.
Number of domains registered on SPACE ID as of March 2023
Source: SPACE ID Twitter
What is SPACE ID roadmap?
SPACE ID is a project that's boldly going where no one has gone before, and their journey promises to be nothing short of epic. So, what's next for SPACE ID?
Q1-2023
- Multi-chain Top-Level-Domain Infrastructure: SPACE ID will create an infrastructure that provides Top-Level-Domain with multichain support. This new infrastructure will make it easier for users to register and utilize domain names across different blockchains.
- SID Domain Names Referral Program: The release of the referral program will boost user growth and engagement by incentivizing current users to invite their friends and family to join.
Q2-2023
- Domain NFT-Gated Merch Store: SPACE ID will offer an exclusive personalized merch store for domain holders, featuring NFT-gated merchandise that is only available to SPACE ID users.
- SID Launchpad for Custom TLD Domain Names: The company will launch a platform where communities can readily build and launch their customized Top-Level-Domains (TLDs) in one place.
Q3-2023
- SID Universal Domain: The release of the universal identifier (colon domains, ”:”), which can represent all your identities and multi-chain addresses. This new feature will simplify the management of multiple identities and addresses across different blockchains.
Q4-2023
- SID DAO Launch: SPACE ID will officially launch the SPACE ID DAO, which will enable users to participate in the project's governance and vote on key decisions related to the development and direction of SPACE ID.
Source: SPACEID Medium
It is important to note that the roadmap presented is subject to change, and SPACE ID may add additional developments or modify their plans in response to changing circumstances.
What are SPACE ID (ID) tokenomics?
The ID Token (ID) is the governance token of SPACE ID. With a maximum supply of 2,000,000,000, ID tokens can be staked to receive discounts on the SPACE ID NFT marketplace and web3 domain registration, used as a means of payment within the SPACE ID ecosystem and web3 Name SDK Integration, or held to participate in governance and vote on SPACE ID DAO proposals.
SPACE ID (ID) Token Distribution
SPACE ID for Bitget Innovation Zone
Do you have an entrepreneurial spirit and an eye for investment opportunities? Are you looking for a novel platform that connects startups and investors? Look no further than Bitget Innovation Zone, the ultimate hub for the hottest and trendiest projects in the market!
With a user base of over 8 million Bitgetters and a network of more than 100,000 influencers, Bitget Innovation Zone provides startups with unparalleled media exposure, essential for their development. At the same time, investors can easily access and invest in vetted assets that are shaping the future of the market.
Bitget is excited to announce that SPACE ID (ID) will be listed in the Innovation Zone, opening up a world of possibilities for savvy investors. Spot Grid trading, Spot Margin Trading, and Spot Copy Trading will go live within 3 hours after the spot trading is opened.
Deposit time: 10 AM, 22nd March (UTC)
Contract Address (BEP-20): 0x2dfF88A56767223A5529eA5960Da7A3F5f766406
Spot Trading Link: ID/USDT
Spot Grid Trading Link: ID/USDT
Not yet a Bitgetter? Join Bitget To Unlock 5,005 USDT In Welcome Bonus
SPACE ID exclusive campaigns on Bitget
Get ready for an out-of-this-world opportunity to share over 200,000 SPACE ID (ID) tokens with Bitget's upcoming deposit event! (See more event details here)
Event Period: March 22, 2023, 18:00 - March 28, 2023, 18:00 (UTC+8)
Promotion 1: Deposit SPACE ID (ID) to Win 1 to 500 ID
Get ready for an exciting chance to win big with our DIDBG (web3 DID Bitget) airdrop. Before the deposit campaign officially starts, Bitget will reward SPACE ID (ID) holders with DIDBG vouchers. If you receive the DIDBG airdrop, you'll have the chance to earn a random reward of 1 to 500 SPACE ID (ID) by depositing no less than 100 SPACE ID (ID) during the promotion period.
Promotion 2: Deposit to win 10% Cashback
Deposit SPACE ID (ID) within 72 hours after the deposit is open, and you'll enjoy a 10% cashback on your Net Deposit amount. With a total prize pool of 100,000 SPACEID (ID), you can earn up to 100 SPACEID (ID) as a reward on a first-come, first-served basis.
Promotion 3: Top 10 Depositors to win 1000 SPACE ID (ID) each
If you're among the top 10 users to make the most SPACE ID (ID) Net Deposits within 48 hours after the deposit is open, you'll win 1000 SPACE ID (ID) as a reward!
Promotion 4: Trade ID/USDT and Get a Chance to Share the SPACE ID (ID) Prize Pool
Join our promotion and trade ID/USDT to share the 30,000 SPACE ID (ID) prize pool. The more you trade, the higher your share! Users can share the prize pool in proportion to their trading volume.
Promotion 5: Stake SPACE ID (ID) to Earn High APR Income
Seven days after listing, you can stake your SPACE ID (ID) to earn high APR income. With this promotion, you can take advantage of the market trends and grow your portfolio like never before.
How to deposit SPACE ID (ID) on Bitget
Website tutorial
Step 1: Visit Bitget website and create a new account or log in to your existing one.
On the homepage, click on your account icon and choose Dashboard.
Step 2: Click on Deposit OR click HERE to access the Deposit page quickly.
Step 3: Search ‘ID’ and select it, then select the chain you want to deposit. After choosing the token and chain, we will generate an address and a QR code. You can use either option to make a deposit.
Note: Please keep in mind that you must use the same chain (ERC20, TRC20, BEP2, BEP20, etc.) on the site where you are withdrawing your cryptocurrency. Care should be taken since choosing the wrong chain might result in losing your valuables.
Step 4: After completing the deposit process, you can head to Dashboard to view your asset.
You can also check your deposit history by returning here.
App tutorial
Ensure you have downloaded the Bitget App on your Android or iOS device and registered your Bitget account.
Step 1: Log into your Bitget account and tap “Deposit” on the homepage.
Step 2: You can now select the ID token and chain you want to deposit.
Please keep in mind that you must use the same chain (ERC20, TRC20, BEP2, BEP20, etc.) on the site where you are withdrawing your cryptocurrency. Care should be taken since choosing the wrong chain might result in losing your valuables.
Step 3: After choosing your preferred token and chain, we will generate an address and a QR code. You can use either option to make a deposit.
Step 4: After completing the deposit process, you can head to Asset - Spot to view your asset.
You can also check your deposit record by tapping the [bill] icon.
Simply create an account, and start browsing through the exclusive projects on Bitget Innovation Zone now!
Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.
ID supply and tokenomics
Token utility
ID is the native token of the SPACE ID ecosystem, with the following functions:
- Staking: Stake ID tokens to receive discounts in the SPACE ID domain NFT marketplace trading fees and Web3 domain registration discounts on SPACE ID.
- Payments: Used as a means of payment within the SPACE ID ecosystem and for Web3 Name SDK Integration.
- Governance: ID token holders can participate and vote on SPACE ID DAO proposals.
Links
What is the development prospect and future value of ID?
The market value of ID currently stands at $312.90M, and its market ranking is #161. The value of ID is widely recognized by the market. When the bull market comes, the market value of ID will likely continue to increase.
Moreover, if ID can play a greater role in practical applications, such as SPACE ID builders fully leveraging the potential of ID, partnering with more businesses, and increasing its user base, the long-term value of ID will be significantly enhanced.