What is ID Coin?When will the Space ID token sale on Binance start?

What is ID Coin?

SPACE ID is building a universal naming service network that provides a one-stop identity platform for discovering, registering, trading, and managing Web3 domains.It also includes a Web3 Naming SDK and API for cross-chain developers, providing a multi-chain naming service for everyone to easily establish and create their own Web3 identities.

Token Functionality

ID is the native token of the SPACE ID ecosystem and is used for the following functionalities:

  • Pledging ID tokens can receive discounts on transaction fees for SPACE ID domain NFT market trading and discounts on Web3 domain registration on SPACE ID.
  • Payment: As a means of payment within the SPACE ID ecosystem and used for integration with the Web3 Name SDK.
  • Governance: Users can participate in proposals for SPACE ID DAO.

Project highlights:

SPACE ID is building an infrastructure that involves collaborative work in the following main parts:

  • A one-stop Web3 domain and identity platform: established various incentive mechanisms, easy-to-use wallets, and decentralized identities for users.
  • Multi-chain naming service: SPACE ID’s multi-chain domain name service includes, but is not limited to, top-level domains that have already been launched or will be launched by the SPACE ID team, as well as other domain name providers that have this pioneering multi-chain naming service feature and have joined SPACE ID.
  • “One SDK for all” has always been one of the key features of SPACE ID, supporting all Web3 dApps.It is designed as a unified and streamlined approach, greatly simplifying the integration of Web3 name services, saving developers from using multiple protocols, saving time, and reducing the risk of compatibility issues.

Token Sale Information

  • Token Type:ERC-20,BEP-20
  • Total token supply:2,000,000,000ID
  • Seed sales quota:400,000,000ID
  • Strategic sales quota:160,000,000ID
  • Binance Launchpad sales quota:100,000,000ID
  • Binance Launchpad sale price:0.025USD/ID
  • Raised on Binance Launchpad:2,500,000USD
  • Initial token circulating supply:286,000,000ID(14.30%)

Token Distribution

  • Token name:ID
  • Seed sales:20.00% of the total token supply
  • Strategic sales:8.00% of the total token supply
  • Binance Launchpad:5.00% of the total token supply
  • Core team:15.00% of the total token supply
  • Advisor:7.00% of the total token supply
  • Marketing:13.00% of the total token supply
  • Foundation:12.00% of the total token supply
  • Community airdrop:10.00% of the total token supply
  • Ecosystem:10.00% of the total token supply

When will the Space ID token sale on Binance start?

Binance will start recording users’ BNB balances for the purposes of the Space ID token sale on March 17 at 01:00 UTC. This will last until March 22 at 07:00 UTC, when the subscription period will be open and eligible users will be able to commit to buying ID tokens.

Tokens will be distributed to participants immediately after the token sale concludes, and we can also expect ID to be listed for trading on Binance shortly after the token sale.

Thanks to the announcement, we’re already seeing increased demand in the markets for BNB. The cryptocurrency is up about 5% in the last 24 hours. In comparison, both Bitcoin and Ethereum have only gained about 0.5% each in the same time period.

Binance Exchange:Click here to register

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