$ID #BinanceId The "ID" crypto coin is the native token of Space ID, a platform focused on Web3 domain services. The Space ID platform enables users to discover, register, trade, and manage Web3 domains, providing a comprehensive ecosystem for decentralized identities. The ID token serves multiple functions within this ecosystem, including staking, payments, and governance within the Space ID DAO (Decentralized Autonomous Organization).
The total supply of ID tokens is capped at 2 billion, with a circulating supply of over 796 million as of December 2023. ID tokens can be staked to receive discounts on fees associated with domain registration and trading within the Space ID marketplace.