ID Tokens Perform Better Than Expected. What is SPACE ID? Is ID Token A Good Investment?

What is SPACE ID? 

SPACE ID is a platform for buying and selling web3 domain names. It provides domain name registration service for .eth, .bnb, and .arb. Users can search, discover, trade, and register Web3 domain names.

.bnb Name Service

-It provides for BNB Chain. Users can create domain names for BNB Chain addresses and users can create domain names for NFTs.

.arb Name Service

-.arb Name Service uses for Arbitrum.

.eth Name Service

-.eth is a domain name uses for Ethereum network.

Space ID Tokens 

ID tokens have 3 functions.

1. Governance

ID tokens are governance tokens of SPACE ID through SPACE ID DAO. They allow users to have a say in the direction of SPACE ID and incentivize users to help drive the growth of SPACE ID.

SPACE ID DAO has issued a policy to burn ID tokens. 50% of total net revenue from SPACE ID platform will use to buy and burn ID tokens. The remaining 50% will be added to the DAO treasury.

2. Staking

By staking ID tokens, users will receive discounts in the SPACE ID domain, NFT marketplace trading fees. As well as Web3 domain registration discounts on SPACE ID.

3. Payment

Users can use ID tokens for payment within SPACE ID ecosystem.

Token Allocation

ID Total Supply: 2,000,000,000 (2 billion).

Binance Launchpad 5%

Advisors 7%

Strategic Sale 8%

Seed Sale 20%

Core Team 15%

Ecosystem 10%

Marketing 13%

Foundation 12%

Community Airdrop 10%

Since the token launched in March 2023. The price of ID tokens have increased 52% from $0.46 to $ 0.70 per token. ID token is the 150th largest crypto by market cap. It has the marketcap of $218 million.

Web3 domain name registration service is one of the megatrends in cryptocurrency industry.

Megatrends In Cryptocurrency

1. Decentralized Cryptocurrency Exchanges, e.g. Uniswap.

2. Lending and Borrowing Protocols, e.g. AAVE.

3. NFTs and NFT Lending, e.g. CryptoPunks.

4. Staking, e.g. ETH 2.0 Staking.

5. Software Wallets, e.g. MetaMask.

6. Web3 Games, e.g. Gala Games.

7. Web3 e.g. Brave Browser.

8. Web3 Domain Name Registration Service, e.g. Ethereum Name Service (ENS).

9. Layer 2 Scaling Solutions, e.g. Arbitrum.

ID tokens can be used to invest in liquidity pools to earn crypto from trading fees. For example, Binance Liquidity Swap.