Hello everyone, I am the lightning rod
Last night, Binance launched their new round of Launchpad activities, space.id. The space.id project is actually a multi-chain domain name system. In August last year, SPACE ID 1.0 was launched on the Binance chain and quickly gained 360,000 registrations and nearly 170,000 holders.
After that, they cooperated with many projects, and SPACE ID also entered the 2.0 era. Not only on the Binance chain, but also on the entire arb chain and Ethereum chain. SPACE ID's entry into the 2.0 era means that they have become a one-stop web3 multi-chain identity platform, including the subsequent web3 SDK and a related API.
SPACE ID was incubated by Binance. Other peers on the same track include ens on the Ethereum chain.
Domain name is the identity system of web3. After you apply for a domain name, you can link it to your wallet. In other words, you can use this domain name instead of this address, which provides some convenience for users.
SPACE ID currently supports Binance Chain, ARB Chain and ETH Chain. Traditional web2 domain names have suffixes of .COM. On SPACE ID, your suffix is .BNB. ARB and .ETH can be preceded by numbers or letters, or a combination of numbers and letters. This domain name has a validity period. If investors do not want the domain name to expire, they must renew it.
It can be seen that the 24-hour transaction volume is still very large. The current price of a 4-digit domain name is around 0.7bnb, and a 3-digit domain name has reached 7bnb. This is mainly because Binance launched the IEO event, and some players have carried out related hype and swept the floor in order to win the project airdrop.
Next, let's look at some details related to his economic model.
ID is the governance token of SPACE ID. Its main function is to stake ID tokens in the future ecosystem to obtain discounts on market transactions and some domain name registration benefits. It will also be used as a payment method in the SPACE ID ecosystem and Web3 Name SDK integration, as well as voting for dao governance.
The total supply of the token is 2 billion. Here is a distribution chart. More details will be announced in the near future.
They mentioned that 10% of the tokens, or 200 million tokens, will be used for airdrops. The airdrops are likely to be given to domain name holders, or to register and trade domain names on this platform.
If you want to buy some domain names now to participate in their early airdrop activities, I personally think you should still think about it, because the current prices of these domain names are actually quite high. Compared with early users, their participation costs may be very low. If you come in now, you may just take over. And it is mentioned here that early snapshots have been taken, so if you come in now, you may be directly counter-buyed. If the domain name is not very hype, it may lose liquidity soon after this wave of IEO activities.
So if you really want to participate in this project, you should pay attention to some details related to Launchpad first. Maybe you will have a better chance than airdrop. After all, it is a project incubated by Binance.
This round of Launchpad activities will invest 100 million tokens, and the price of 1 ID token is US$0.025. It is still the same as the hook introduced before. The user's investment amount will be determined based on the user's average daily BNB holdings for the past 5 days. The snapshot time is from 08:00 am on March 17th to 08:00am on March 22nd in East Eighth District.
For specific details, you'd better go to the relevant information announcement
If you have any questions, please leave a message below
I am a lightning rod, see you next time.
