The ID token has been purchased, which we have been considering in recent days.
In the chat, there was a discussion on December 7 about plans to buy when transitioning to a stable uptrend on the 15-minute timeframe, and it was promised to post in the channel upon purchase. But in the end, the purchase was not made - on December 9, a bearish engulfing candle near the second target confused the signal. Plus, a potential high on the 30-minute timeframe. We didn't buy for a good reason - on that day, the price showed a -24% drop.
We just bought at $0.5370. Not the lowest point, but the picture has become clearer. From the level where we could have initially bought on December 9 - it is still a discount, -11%.
The key point is an asset in a stable uptrend on the weekly timeframe. And after transitioning to it, we consider the current discount to be very good.
Acquired for investment, as one of the important projects in Web3.
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The token project, SPACE ID, changes the interaction with Web3 domains by offering a universal network of naming services and an identification platform. It allows users to easily find, register, trade, and manage their Web3 domains. The platform is not limited to domain management; it also provides the Web3 Name SDK and API, making it a universal tool for developers across various blockchains.
The ID token in the project performs several important functions in the ecosystem. As a governance token, ID gives holders the opportunity to participate in decision-making processes, influencing the future direction of the project. Additionally, by staking ID tokens, users can receive discounts on trading fees in the SPACE ID Domain NFT Marketplace and on registration fees for Web3 domains. Moreover, the ID token is used as a means of payment in the SPACE ID ecosystem, facilitating transactions and integrations with the Web3 Name SDK.
