Giant cryptocurrency exchange Binance has announced its new launchpad coin with its latest announcement! The exchange has announced the launch of its 30th project on Binance Launchpad! Here are the details…
Binance Launchpad presents its 30th project to investors!
The leading crypto exchange Binance continues to excite investors with new announcements. With its latest announcement, Borsa İstanbul announced the launch of its 30th project on Launchpad. According to the announcement, the Space ID token sale will begin on March 17, 2023 at 03:00 CEST, and Binance will monitor user BNB balances for 5 days and determine the progress based on the average balance.
The final BNB holding amount for each user will be determined as the average of five days using the Average Daily BNB Balance calculation previously announced by Binance. Space ID will be available on launchpad with a $2.5 million limit, and there is a $15,000 hard limit per user. While the total token supply is 2 billion, the amount allocated to Binance Launchpad is 5 percent of this.
How will the process work?
The subscription period will open at 09:00 on 22 March 2023 for a period of three hours. Once processed, BNB will be locked and users will not be able to use it or access other functions such as transfers, withdrawals until the final token distribution. The calculation period will start on March 22, 2023 at 12:00 CEST and will last for one hour. The subscription is closed and the token allocation calculation starts during this period.
The last token distribution will be made on March 22, 2023 at 13:00. The final token allocation will be calculated and the corresponding BNB will be deducted from the already locked BNB amount. Once deducted, both ID and BNB tokens will be transferred to the user’s spot wallet.
What is Space ID (ID) coin?
Space ID is a groundbreaking project that aims to facilitate the discovery, registration, transactions and management of Web3 domains, creating a universal name service network with a single-point identity platform. It also provides a Web3 Name SDK and API that developers on various blockchains can use. This allows anyone to easily create and create a Web3 identity. The project is designed to simplify the integration of Web3 name services with a more streamlined approach. In this way, developers will integrate with Space ID more easily and the project will reach more users.
The ecosystem surrounding Space ID is already thriving integrated with the platform, with over 100 leading and respected projects including BSCScan, Trust Wallet and more. In this way, its position in the market has become extremely strong. Overall, the project is an innovative one that has revolutionized the way we manage Web3 domains and identities. Its extensive infrastructure, multi-chain name service and thriving ecosystem make it a major player in the industry with the potential for further growth and adoption in the future.
Binance Launchpad has been successful in launching several innovative blockchain projects, and the launch of Space ID (ID) is sure to generate significant interest among investors.
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