SPACE ID is a new Defi project that offers interesting products. The company aims to build a universal name service network. It will soon introduce a one-stop identity platform enabling customers to register, trade, and manage various web3 domains. The team plans to use the advantages of Web3 technology. It will make SDK & API available for developers across the Defi world. In addition, the company will provide a multi-chain name service for every user worldwide. Thus, people will have a chance to build easily on the blockchain and create a web3 identity.
SPACE ID launched its ICO (ID) on March 17, 2023. The sale will end on march 22, 2023. ID is a BEP-20 token. The initial coin offering will have a price of 0.025 USD. However, the SPACE ID utility token’s value might increase after the ICO ends. The company wants to raise $2,500,000 with the sale. The total supply of ID tokens is 2,000,000,000. However, only some percentage will be available at this stage. The platform will accept USDT in exchange for ID coins.
Many users want to create new identities in the virtual space. After all, it gives them the freedom to be who they want to be and shakes off all kinds of prejudices and insecurities. Besides, taking a new identity can be great fun. The virtual world enables us to be someone else and experience things that we can’t experience in the real world. Still, doing that isn’t as easy as it might seem. Yes, we have many social platforms where people can create fake accounts, but that’s totally different and not so thrilling. On the other hand, gaming platforms enable players to become part of something bigger, something incredible.
What does SPACE ID offer?
Thus far, people have mainly had to contend with web2 technology, but web3 is already taking center stage. This new technology is truly amazing and will come with so many opportunities. However, one of the main aspects of decentralization is anonymity. Users can remain virtual strangers and still make friends and business acquaintances. In this case, anonymity also means maintaining financial independence. While everyone can see the coded assets (like cryptocurrencies) and whom they belong to, only the key owners know that the specific code names belong to them.
Moreover, web3 technologies are evolving rapidly, and decentralized identities are becoming the main aspect of any web3 presence. As a result, many companies started offering people domain names. The users can acquire multiple identities in the Defi space. The problem is that searching and registering different domains might be tedious, especially when users have to manage them on different platforms. That is very inconvenient and time-consuming.
In addition, most of the existing NFT marketplaces don’t have tools for trading domain non-fungible tokens. That also makes exchanging tokens difficult for the owners. Researching the markets to discover the problems to overcome them, SPACE ID offered a platform that would provide superior service.
The company will create a one-stop web3 domain and identity platform. As a result, users won’t need to hop on various websites or channels. They will be able to do everything they need in one space. The team noted that it would offer a web3 name SDK & API and a multi-chain name service. The first is for developers, while the other will be available for every user. Thanks to this platform, customers can easily create their web3 identity.
How will this platform work?
The SPACE ID will boast advanced features and an interface. This one-stop web3 domain and identity platform will also have an innovative infrastructure. The latter will enable customers to manage all aspects of their domains. Thanks to SPACE ID, users won’t have to use multiple products for different domains.
The team noted that people could discover interesting names on this platform. It uses TLDs to support the latter. Customers will also find trending domain collections there. The platform has modern functions, including a quick check on the domain registration status and auto-suggesting. After choosing the domain, users will proceed with registration. They can register on the SPACE ID Mainnet for all web3 domains. This platform offers great products, and it’s easy to use.
