SPACE ID Token (ID)
We are thrilled to announce the launch of SPACE ID governance token — the ID token, and its public release on Binance Launchpad. The preparation period of Binance Launchpad subscription will start on March 17th, 2023, 00:00 UTC and the token distribution will start from March 22nd, 2023, 10:00 (UTC).
The ID Token
ID is the governance token of SPACE ID. It is designed to play a critical role in the decision-making process of the project, allowing users to have a say in the direction and future of SPACE ID. The ID token serves as an essential part in the growth and sustainability of the SPACE ID ecosystem, incentivizing users to engage with the project and contribute to its success. With the launch of ID, SPACE ID is poised to become a leader in the Web3 industry, providing users with even more well-rounded platform for managing their digital identities.
ID is the native token of the SPACE ID ecosystem, with the following functions:
Staking: Stake ID tokens to receive discounts in the SPACE ID domain NFT marketplace trading fees and Web3 domain registration discounts on SPACE ID.
Payments: Used as a means of payment within the SPACE ID ecosystem and for Web3 Name SDK Integration.
Governance: ID token holders can participate and vote on SPACE ID DAO proposals.
ID Token Contract Address
0x2dfF88A56767223A5529eA5960Da7A3F5f766406
Available on Ethereum (id.spaceid.eth, add to Metamask) and BNB Chain (id.bnb, add to Metamask)
Do NOT transfer any assets to the token smart contract address.
Download ID token brand assets here
Token Distribution
ID Total Supply: 2,000,000,000.
See full Token Release Schedule here
ID token initial distribution:
Binance Launchpad Release
The ID token will be available on Binance Launchpad for public subscription, with trading to start shortly thereafter. This means that our community will have an opportunity to buy, sell, and trade the ID tokens on one of the most reputable exchanges in the industry. 5% of the total supply is allocated to Binance Launchpad participants.
Learn more on Binance announcement
SPACE ID Introduction on Binance Research
Early Adopters Airdrop
Total Allocation of the Early Adopters and Ecosystem Contributors Airdrop for Claiming: 47,600,000 ID tokens, ~2.38% of total ID token supply, which is 23.8% of the Airdrop pool (10% of total supply)
Eligible Users: ~271,000 addresses that hold .bnb or .arb domain at snapshot time
Snapshot Time: March 10th, 2PM UTC, the corresponding BNB Chain block number is 26345570, and the corresponding Arbitrum One block number is 68550223
The rest of the Airdrop allocation is reserved for contributors in future campaigns and will be released gradually.
You can visit space.id/voyage now to check your eligibility and claimable amount, while the claiming process will be live from March 22nd to April 22nd, 2023 (one-month window) on BNB Chain, after which any unclaimed tokens will be sent back to the airdrop pool for future rewards.
Eligibility of Early Adopter Airdrop
The basis for this retroactive airdrop is per address, not per domain name. Each eligible address (hold .bnb or .arb domain at snapshot time) will be able to claim ID tokens airdrop, and the claimable amount is calculated by a number of factors below:
Holding days — If an address holds multiple domains, only the one with the longest holding days is taken into the account
Days to expiry — If an address holds multiple domains, only the one with the longest days to expiry is taken into the account
If having a valid primary name (.bnb or .arb)
If having Voyage: Prime NFT
If having Voyage: Legacy NFT
If having Voyage: Awakening NFT
If having all Voyage Prime/Legacy/Awakening NFT
Number of other OATs held (issued by SPACE ID on Galxe)
If holding a 3/4/5(+) character .bnb
If holding a 3/4/5(+) character .arb
If holding both .bnb and .arb
See more details on airdrop calculations and address list at https://github.com/Space-ID/airdrop-season1
How to Claim My Retroactive Early Adopter Airdrop
Visit space.id/voyage, click on Voyage Season 1 to see your achievements and claimable amount!
Claiming will be live on March 22nd, and the start claim time will be the same as the token listing time.
Airdrop Allocation to SPACE ID Ecosystem Contributors
200,000 ID tokens will be distributed to Steven Lei, an outstanding developer and contributor, who has developed a suite of applications to support the community including Domain Explorer, bnb.me, bnb.fam, etc.
200,000 ID tokens will be distributed to Space Auroras, Space Novas, and Cosmic Astras who have been incredibly helpful in our Discord.
Additional ID tokens will be distributed to 100+ integration partners, who have contributed to the adoption of SPACE ID domains.
Discover More ID Tokens in Voyage Season 2
If you missed the snapshot time for the retroactive Early Adopter Airdrop, don’t worry, all the .bnb/.arb registrations after the snapshot will be counted in Voyage Season 2 — Calling. The rest of the airdrop allocation is reserved for Voyage Season 2 and future campaigns.
We are extremely excited to announce Voyage Season 2 — Get started now at space.id/voyage/season-2
Check out the detailed rules & tutorial in https://docs.space.id/getting-started/programs/space-id-voyage-season-2-calling
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