SPACE ID PriceID

What is SPACE ID?

SPACE ID is a universal name service protocol building a comprehensive identity platform for the decentralized web. SPACE ID (ID) is a multi-chain decentralized identity protocol that provides a unified naming service across blockchains. It allows users to register human-readable domain names (like .bnb, .arb, .eth) that serve as their universal Web3 username and identity. The ID token is central to the ecosystem, used for payments, governance, staking, and incentivizing the network. The protocol has expanded beyond domain services to offer a full Web3 Name SDK and API for developers. ID is listed on a number of exchanges; check the exchange's official listing page for available pairs. Leveraged trading carries a risk of rapid loss.

SPACE ID Key Specifications & Tokenomics

SPACE ID is a foundational protocol that simplifies user and developer interaction in the Web3 space by providing unified digital identity and naming services.

Who created SPACE ID (ID)?

SPACE ID was founded by Xu Nuo and Xu Wei, according to CoinMarketCap. The project is governed by Space ID DAO. According to Tracxn, SPACE ID is a Series A company based in Singapore, founded in 2022, with 34 active competitors including Unstoppable Domains. SPACE ID has raised $10M from investors including Polychain, dao5 and Binance Labs, according to Tracxn; the company is listed as a Series A company.

How does SPACE ID (ID) work?

SPACE ID operates as a multi-chain name service protocol. Its core functionality revolves around registering and managing human-readable domain names on various blockchains.

• Domain Registration: Users can register domain names with extensions like .bnb on BNB Chain, .arb on Arbitrum, and others. These names are minted as NFTs, giving the owner full control and transferability. Users can list domains for sale and buyers can place bids; liquidity for this trading can come from other marketplaces such as OpenSea (per Coinmerce).
• Unified Identity: A single SPACE ID name can be linked to multiple blockchain addresses, social profiles, and other Web3 assets, creating a portable, universal identity.
• Developer Tools: The protocol provides a comprehensive Web3 Name SDK and API. This allows any dApp or wallet to easily integrate SPACE ID's naming service, enabling features like sending crypto using just a domain name instead of a long wallet address. According to the official site, the SDK aggregates all name services, can be integrated in about 30 minutes, and has been integrated by 300+ partners. SPACE ID 3.0 is planned to let communities launch their own top-level domains without development effort.
• Decentralized Resolution: The system uses smart contracts on each supported chain to resolve a readable domain name to its underlying machine-readable address (like an Ethereum or BNB Chain address).

What makes SPACE ID (ID) unique and valuable?

SPACE ID's primary value proposition is its focus on creating a seamless, multi-chain identity layer, which addresses a critical pain point in the increasingly fragmented blockchain ecosystem.

• True Multi-Chain Approach: SPACE ID provides a multi-chain name service and a Web3 Name SDK & API for developers across blockchains. It actively partners with and deploys on major Layer 1 and Layer 2 networks, making it a versatile infrastructure piece.
• Comprehensive Developer Suite: It goes beyond simple domain registration by offering a full suite of tools (SDK/API) for developers. This lowers the integration barrier and encourages widespread adoption across DeFi, gaming, and social dApps.
• Strategic Ecosystem Integrations: According to the official site, SPACE ID's SDK has been integrated by 300+ partners, including integrations with BscScan, DappRadar and MetaMask.
• Token Utility: The ID token is deeply integrated into the protocol's mechanics for payments, governance, and staking, creating a sustainable economic model that aligns the interests of users, developers, and token holders.

What is SPACE ID (ID) used for?

The ID token is the utility and governance lifeblood of the SPACE ID ecosystem, with several key use cases:

• Domain Registration & Renewal: ID tokens are the primary currency for paying registration fees for all SPACE ID domain names across different blockchains.
• Governance: ID holders can participate in the Space ID DAO. They can propose and vote on crucial protocol decisions, such as adding support for new blockchain networks, adjusting fee structures, or allocating treasury funds.
• Staking & Rewards: Staking ID tokens provides discounts on SPACE ID Domain NFT Marketplace trading fees and on Web3 domain registration.
• Payment for Services: Developers or projects using the SPACE ID SDK or API for high-volume operations may use ID tokens for service payments.
• Trading: As a listed asset, ID can be traded on major exchanges. ID is listed on a number of exchanges; check the exchange's official listing page for available pairs. Leveraged trading carries a risk of rapid loss.

How Is the SPACE ID (ID) ecosystem developing?

The SPACE ID ecosystem is rapidly evolving from a domain service into a full-stack Web3 identity platform.

• Multi-Chain Expansion: The protocol continues to add support for new and prominent blockchains, broadening its user base and utility. Each new integration represents a potential surge in domain registrations.
• Partnership Growth: SPACE ID actively forms partnerships with major wallets, dApps, and blockchain foundations. These integrations make SPACE ID names a default or preferred identity option within those ecosystems.
• Product Development: The team is consistently enhancing its developer tools (SDK/API) and launching new consumer-facing features. This includes improved management dashboards, sub-domain functionalities, and deeper identity verification layers.
• Community & DAO: Governance is gradually decentralizing to the Space ID DAO. Community proposals are increasingly shaping the protocol's roadmap, treasury management, and partnership directions, fostering a more robust and user-driven ecosystem.

How to acquire SPACE ID (ID)?

SPACE ID (ID) is not a mineable cryptocurrency. ID is a utility and governance token. CoinMarketCap tags the project under Binance Launchpad and DWF Labs Portfolio. The primary ways to acquire ID tokens are through participating in ecosystem activities (like domain registration campaigns), earning rewards via staking programs, or purchasing them directly from cryptocurrency exchanges.

How to keep your ID Coin safe?

Securing your ID tokens is crucial, as they represent both financial value and governance rights.

• Use a Hardware Wallet: For long-term storage of significant amounts, transfer your ID tokens to a reputable hardware wallet (like Ledger or Trezor). This keeps your private keys offline and immune to online hacking attempts.
• Secure Software Wallets: If using a software wallet (like MetaMask or Trust Wallet), ensure you download it from the official source, use a strong and unique password, and never share your secret recovery phrase with anyone.
• Beware of Scams: Be extremely cautious of phishing websites, fake support representatives, and unsolicited messages asking for your private keys or recovery phrase. Always double-check URLs and official communication channels.
• Exchange Security: When holding ID on an exchange, enable all available security features, including two-factor authentication (2FA) using an authenticator app, withdrawal whitelists, and anti-phishing codes.

How to buy ID Coin?

ID is a popular cryptocurrency listed on many exchanges. Choose a major platform for higher liquidity and better customer support.

1. Register an Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your account.
3. Start Trading: Go to the trading page and search for the available spot trading pairs.
4. Place an Order: Enter the amount of ID you wish to purchase and submit the order. Leveraged trading carries a risk of rapid loss.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived.

Investing in crypto assets carries risk: prices are volatile and the value of domain names can vary greatly. Do your own research and only invest what you can afford to lose. This article is for information only and is not investment advice.