SPACE ID is building a universal domain name service network with a one-stop identity platform to discover, register, trade and manage web3 domain names. It also includes a Web3 Name SDK and API for developers across blockchains and provides everyone with a multi-chain name service to easily set up and create a Web3 identity.
ID is the governance token of SPACE ID. It is intended to play a key role in the project's decision-making process, giving users a say in the direction and future of SPACE ID. ID tokens are an important part of the growth and sustainable development of the Space ID ecosystem, incentivizing users to participate in the project and contribute to its success.
With the launch of ID, Space ID is expected to become a leader in the Web3 industry, providing users with a more comprehensive digital identity management platform. ID is the native token of the SPACE ID ecosystem and has the following functions: Pledge: Pledge ID tokens to get discounts on SPACE ID domain name NFT market transaction fees and Web3 domain name registration discounts on SPACE ID.
Payment: As a means of payment within the SPACE ID ecosystem and used for Web3 Name SDK integration. Governance: ID token holders can participate in and vote on SPACE ID DAO proposals.
