Leading crypto exchange Binance has recently listed a new token called Space ID on its Launchpad platform. The listing process in the spot market will take place today. Meanwhile, there seems to be a lot of interest in the pre-sale process. Here are the details…
Hundreds of thousands of users participated in the pre-sale process
cryptocoin.com As we reported, Binance, the largest cryptocurrency exchange, added Space ID to its Launchpad. The listing will take place today. The data reported that 103,598 users locked 8.6 million BNB for the Space ID pre-sale. This equates to approximately $3 billion. However, not all of this money will flow into SpaceID’s ID token, as the project’s fixed limit for funding is $2.5 million. These tokens were offered at a rate of 0.00007412 BNB per 1 ID and a total of 100 million IDs were sold. However, the total ID supply is around 2 billion.
In addition, a user can purchase an ID for a maximum of 15,000 dollars. The ID token will be listed with Bitcoin, USDT and BNB pairs today at 15.00 Turkish time. The project became Binance’s 30th launchpad project and has generated massive returns since Binance’s announcement.
Space ID is eagerly awaited by many
Space ID token has multiple functions, including staking to get discount on SpaceID’s NFT market and web3 domain registration. This new token aims to create a decentralized ecosystem for the NFT marketplace and registration of Web3 domains, allowing users to participate in administration and vote on offers. By setting up their own Space ID tokens, users can enjoy lower transaction fees and other benefits while using the platform’s services.
This encourages users to hold Space ID, creating a strong community and long-term engagement in the ecosystem. In addition, the Space ID token can be used as a means of payment within the Space ID ecosystem and Web3 Name SDK Integration. This allows users to easily purchase NFTs, register Web3 domains, and perform other transactions in the Space ID ecosystem without having to resort to fiat currency.
By integrating the SpaceID token into the platform infrastructure, Binance helps create a smoother and more efficient user experience, reducing transaction costs and increasing transaction speed. One of the most interesting features of the token is its use in governance and voting of SpaceID DAO proposals.
Space ID has many different features
Space ID DAO is a decentralized autonomous organization that allows token holders to participate in the decision-making process of the ecosystem. By owning Space ID, users can vote on proposals to make their voices heard and influence the future direction of the ecosystem. This governance function is critical to building a truly decentralized ecosystem.
Space ID DAO gives users a say in decision making, allowing the development of the ecosystem to be driven by the needs and interests of the community. This creates a sense of ownership and commitment to the ecosystem that helps drive growth and innovation.
By creating a decentralized ecosystem for the NFT marketplace and web3 domain registration, Binance is helping to pave the way for a more efficient and accessible future for blockchain technology. Space ID’s multiple functions such as onboarding, payment tools, and governance enable users to participate in the success of the ecosystem and help shape its future. The launch of Space ID on Binance’s Launchpad platform represents an important milestone in the evolution of the Blockchain ecosystem.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.