SPACE ID is a Web3 domain and identity platform that provides users with Web3 services that they can control from a single point.
SPACE ID is One Place for Digital Identities
In today’s age, the concept of Web3 has become very popular, and people’s transition to the Web3 era has accelerated. As a result, many Web3 domain providers have emerged. While having multiple identities is simple, controlling these identities has been a laborious task. Many people suffer from the inability to manage their Web3 identities from a single platform.
SPACE ID solves these problems by providing a web3 domain and digital identity platform where all users can easily manage, register and trade Web3 domains from a single platform.
One-stop Web3 Domain & Identity Platform
The platform provides all users with an innovative infrastructure to manage their Web3 domains and identities from a single point. The infrastructure is designed to meet everything users need.
Discover
The Discover feature helps users find the perfect domain name to own. Users type a name into the search bar, and then domains matching that name are sorted. In the domain name ranking, users are also presented with domain names similar to the name they are looking for. In this way, users do not stick to a single idea.
Domain searches are filterable. Users can view whether a domain name has already been purchased or not. If the desired domain name has already been taken, an offer can be made to the domain owner. The platform currently supports domains with .eth, .bnb, and .arb extensions.
Register
Users view the domain names they have searched from the discover section. If it is proven that these domain names have not been purchased by anyone before, users can own the domain with a single click.
The domain registration process takes place in two stages. These are as follows:
- Request: The user must first request a domain. There are price and year options on the screen that appears in line with the user’s request. The price of the domain to be purchased appears on the search screen. However, those prices are given annually. Users should specify how many years they want to buy the domain at the request stage. The domain price also varies according to the year.
- Register: After the request phase is completed, registration is required to purchase the domain. The registration process is so easy that it can be done with a single click. SPACE ID also gives users the option to register multiple domains at the same time. However, this system is only valid for domains with the same blockchain extension.
The above-mentioned steps have been designed with a focus on ease of use, taking into account the problems that occur during domain purchase.
Trade
This is the tab where you can buy Web3 domains that have been previously purchased and offered for sale on platforms such as OpenSea, Element, and ENSVision. In addition, the Trade tab allows batch transactions as in the Register stage. In this way, multiple domains can be purchased in a single transaction.
In the Trade tab, domain owners can put their domain addresses up for sale. For this process, you must first own the domain and set a price. If you make a wrong move in the advertised domain, you can edit the advertisement from the edit advertisement tab and remove it from the sale with the remove advertisement option.
Manage
The Manage section is where you can control all the benefits that SPACE ID offers. Users can control their Web3 domains from this tab. With the Manage feature, users can edit, transfer and extend their Web3 domains.
SPACE ID Token (ID)
The ID token is the governance token of the SPACE ID platform. With the ID token, users have a say in the future of the platform and critical decisions. The ID token is designed to be at the center of the SPACE ID ecosystem. All payments on the platform will be made with the ID token, and the token will be stackable. The total supply of ID tokens is 2,000,000,000, and the distribution is as follows:
- Seed Sale: 20% with a 12-month cliff and 60-month quarterly vesting.
- Strategic Sale: 8% with a 12-month cliff and 36-month quarterly vesting.
- Public Sale: 5% at $0.025 fully unlocked at TGE.
- Team: 15% with a 12-month cliff and 60-month quarterly vesting.
- Advisors: 7% with a 12-month cliff and 36-month quarterly vesting.
- Ecosystem Fund: 10% with 50% fully unlocked at TGE and 36-month monthly vesting.
- Marketing: 13% with 10% unlocked at TGE and 48-month monthly vesting.
- Foundation: 20% with 48-month monthly vesting.
- Community Airdrop: 10% with 24-month monthly vesting.
ID Token recently made its launch on Binance Launchpad and received a total of $2.8B in BNB Commitments.
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