Space ID is a name service network for different blockchains that offers users the ability to register their own web3 domain on various blockchains. These domains are human-readable names that allow users to access decentralized applications (DApps), smart contracts, NFTs, and other blockchain-based resources. In addition, users can trade and manage different domains, much like the Ethereum Name Service.
SDK and API
Space ID’s Web3 Name SDK and API for developers is another feature of the platform that enables developers to integrate web3 domain functionality into various applications. The platform is built on a modular and scalable architecture comprising three main components: the Space ID protocol, the Space ID platform, and the Space ID DAO.
The Space ID protocol
The Space ID protocol consists of smart contracts that provide the core functionality of web3 domain registration, resolution, management, and governance. The protocol supports multiple top-level domains (TLDs), such as .eth, .bnb, and .arb, as well as custom TLDs that can be launched by communities. The protocol also allows for cross-chain interoperability, enabling users to link their web3 domains to any blockchain address or resource.
The Space ID platform
The Space ID platform offers a user-friendly interface for users to interact with the protocol. It includes domain discovery, registration, trading, management, and referral features, and integrates with major DApps and wallets on BNB Chain and other blockchains to provide seamless web3 domain usage. Additionally, the platform provides a Web3 Name SDK and API for developers.
The Space ID DAO
The Space ID DAO is a decentralized autonomous organization that governs the Space ID protocol and platform. The DAO is powered by the ID token, which is the governance token of Space ID. The token also serves as an incentive mechanism for users to engage with the project and contribute to its growth and sustainability.
Governance of Space ID
ID is the native governance token of Space ID, launched on the Binance Launchpad platform in March 2023. ID is a governance token that allows holders to participate in the project’s governance process. The token has a total supply of 2 billion ID, with an initial circulating supply of 14.3% of the total supply. ID plays a key role in growing the ecosystem, with its use cases including staking, payments, and governance.
Roadmap
Space ID has an ambitious roadmap for 2023 that includes several milestones to enhance its functionality, usability, and adoption. In Q2 2023, the platform plans to launch a merch store gated by NFTs, with exclusive personalized merchandise for Space ID domain owners. Additionally, it will initiate the launchpad for custom TLD domain names that allows communities to build and launch their own domains. In Q3 2023, Space ID plans to launch a SID universal domain that represents all user identities and multi-chain addresses with a colon domain syntax. Finally, in Q4 2023, the SID DAO launch will enable decentralized governance of the project by ID token holders.
Goals
With its goal of creating a more efficient and accessible future for blockchain technology, Space ID aims to add value to its users and partners and emerge as a comprehensive and innovative solution in the domain management space in web3. The project has integrated with over 100 leading projects and protocols on BNB Chain and other blockchains, such as BscScan, Trust Wallet, and ApeSwap. Additionally, Space ID has received strong support from reputable investors and partners in the blockchain industry, including Binance Labs, Polychain Capital, dao5, and Foresight Ventures.
Space ID Tokenomics
The remaining token distribution is as follows:
Private sale: 30% with a 6-month cliff and 24-month linear vesting. Team and Advisors: 10% with a 6-month cliff and 24-month linear vesting. Ecosystem Fund: 10% with a 6-month cliff and 24-month linear vesting. Marketing and Partnerships: 10% with a 6-month cliff and 24-month linear vesting. Community and Airdrops: 10% with a 6-month cliff and 24-month linear vesting.
ID is available for trading on various centralized and decentralized exchanges, such as Binance, Huobi, and PancakeSwap. Its price is subject to market fluctuations and demand.
Conclusion
Space ID is a name service network that provides a user-friendly and decentralized solution for web3 domain management. Its core components, the Space ID protocol, platform, and DAO, work together to offer a seamless and comprehensive experience for users and developers.
The project has an ambitious roadmap for 2023 that aims to enhance its functionality, usability, and adoption. Its milestones include launching a merch store gated by NFTs, a universal domain for all user identities and multi-chain addresses, and a DAO for decentralized governance.
ID is the governance token of Space ID, and it plays a crucial role in incentivizing users to engage with the project and contribute to its growth and sustainability. Its use cases include staking, payments, and governance.
The Space ID project has received strong support from reputable investors and partners in the blockchain industry. Its successful funding rounds have enabled the team to expand, develop, and integrate with over 100 leading projects and protocols on BNB Chain and other blockchains.
Overall, Space ID strives to be a leader in the web3 industry by creating an efficient and accessible future for blockchain technology. Its commitment to innovation, decentralization, and user empowerment makes it a promising project to watch in the coming years.