About Space ID (ID)
SPACE ID is a platform that is building a universal name service network with a one-stop identity platform. The platform is designed to help users discover, register, trade, and manage Web3 domains. It also includes a Web3 Name SDK & API that developers can use across different blockchains. The platform provides a multi-chain name service for everyone to easily build and create a Web3 identity.
ID is the governance token of SPACE ID, which plays a critical role in the decision-making process of the project. It enables users to have a say in the direction and future of SPACE ID. The ID token incentivises users to engage with the project and contribute to its success. With the launch of ID, SPACE ID aims to become a leader in the Web3 industry, providing users with a well-rounded platform for managing their digital identities.
The ID token has various functions, including staking, payments, and governance. Users can stake ID tokens to receive discounts on trading fees in the SPACE ID Domain NFT Marketplace and Web3 domain registration discounts on SPACE ID. The ID token can also be used as a means of payment within the SPACE ID ecosystem and for Web3 Name SDK integration. Additionally, ID token holders can participate and vote on SPACE ID DAO proposals.
