SpaceID（ID) Project Analysis-CoinW Institute

4 min readMar 20, 2023

SpaceID（ID) Project Analysis

1. Research Institute Review

With a seed round led by Coin Labs, SPACE ID introduced a .bnb name service on the BNB chain and built a community of 168,000 unique domain name holders within 6 months. As the world enters the web3 era, decentralized identities have become an increasingly important aspect of any web3; a large number of domain name providers have emerged in a short period of time, and having multiple identities is nothing new. However, no matter what domain you own, searching, registering and managing different domains is always a headache, and existing NFT marketplaces are not built for trading domain NFTs; ENS users have to set up their primary name or controller on the ENS App, and .bnb owners need to find a BNB Chain marketplace to shelve the .bnb domains they want to sell. SPACE ID 2.0 provides a one-stop web3 domain name and identity platform to discover, register, trade, and manage web3 domains. It also includes a web3 name SDK & API for cross-blockchain developers and provides a multi-chain name service for everyone to easily build and create web3 identities.

2. Recent breaking points

The domain name project led by Coin Lab is on the Coin exchange Lauchanpad, and along with the airdrop, the hotspot exploded.

3. Project

SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, and manage Web3 domains. It also includes a Web3 name SDK & API for cross-blockchain developers and provides a multi-chain name service for everyone to easily build and create Web3 identities.

SPACE ID is one of the largest Web3 name service providers. It is the primary name service provider for bnb and arb top-level domains (TLDs).

ID is the native token of the SPACE ID ecosystem, and ID can be used on the SPACE ID platform to participate in the SPACE ID DAO governance proposal and guide the direction of the protocol.

4. Token roles

Pledge: Pledge ID tokens to receive discounts on SPACE ID domain NFT marketplace transaction fees and discounts on SPACE ID’s Web3 domain registration.

Payment: Used as a payment method in the SPACE ID ecosystem and Web3 Name SDK integration.

Governance: Users can participate in the SPACE ID DAO proposal. 5.

5.Token Economic Model

5–1, Total number of tokens and auctions

Token type ERC-20, BEP-20

Total token supply 2,000,000,000 IDs

Seed sale allocation 400,000,000 ID

Strategic Sales Allocation 160,000,000 ID

Binance Launchpad Sales Allocation 100,000,000 ID

Binance Launchpad Sales Price $0.025/USD

Binance Launchpad raise $2,500,000

Initial circulation. 286,000,000 IDs (14.30%) will be available at the time of Binance’s launch

5–2, Community Airdrop

10% of the total supply will be reserved for community airdrops, and 21% of the community airdrops (2.1% of the total supply) will be eligible for all users who try SPACE IDs at the time of Binance trading. The remainder of the airdrop allocation will be reserved for contributors in future campaigns and will be released over time. Snapshots of early adopters have been taken, and Airdrop distribution details will be announced within three days.

6. Project Highlights

Founded in the third season of 2022, SPACE ID took the market by storm with its .bnb domain name service, which quickly garnered over 447,000 registrations and 257,000 unique holders within 6 months of its public launch in September. The .bnb domain service has further strengthened its position in the market through successful integration with over 100 leading programs and agreements, including BscScan and Trust Wallet.

7. Investment Institutions

None

8、 Community

twitter: 400,000, discord: 330,000

9. special economic model

None

10. Future Outlook

SPACE ID is building an infrastructure that consists of the following key components: One-stop Web3 domain and identity platform: The SPACE ID infrastructure allows users to manage all aspects of their domain in one place. Multi-chain domain services: including, but not limited to, the top-level domains launched by the SPACE ID team, but also other domain providers that have joined SPACE ID. Web3 Name SDK and API: it is designed as a unified and simplified approach that greatly simplifies the integration of Web3 name services. A thriving ecosystem: its position in the market is consolidated through successful integration with more than 100 leading and well-known projects, including BSCScan, Trust Wallet, and others.

Basic Information

Project Description:

SPACE ID is building a common name service network with a one-stop identity platform to discover, register, transact, and manage Web3 domains. It also includes a Web3 Name SDK & API for cross-blockchain developers and provides a multi-chain name service for everyone to easily build and create Web3 identities.

Full token name: SPACE ID

Token Name: ID

Project website: https://space.id/

Project Documentation: https://blog.space.id/?gi=dfc670019ef1

Block query.

Token distribution will start on March 22, 2023 at 10:00 (UTC).

Liquidity Query.