As the world moves further into the web3 age, decentralized identities have become an increasingly crucial aspect of any web3 presence; a vast number of domain name providers have emerged in a short time, and owning multiple identities became nothing new. However, no matter what domains you own, it’s always a headache to search, register, and manage different domains, and the existing NFT marketplaces are not built for trading domain NFTs.
In addition, ENS users have to set their primary names or controller on ENS App, while .bnb owners need to find a BNB Chain marketplace to list the .bnb domains they want to sell. SPACE ID is a universal name service network with a one-stop identity platform to discover, register, trade, and manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
The SPACE ID one-stop web3 domain & identity platform is exactly what it sounds like — an innovative infrastructure that allows you to manage all aspects of your domains in one place. Thus, no more using multiple products for different domains as everything you need is over here, in the palm of your hand at the same time. SPACE ID believes that the core of Web3 is to become the gateway between decentralized identities and the physical/digital world, and the key is finding solutions to the challenges that all the current Domain Services are facing.
The .bnb Name Service
SPACE ID introduced .bnb Name Service on BNB Chain and built a community of 168K unique domain holders within 6 months, and we are now bringing the multi-chain name service. Space ID is also supporting more TLDs and blockchains are always one of the priorities of SPACE ID.
They intend not only to continue focusing on .bnb Name Service, but also see some significant progress in terms of the support for more Top Level Domains. This includes but is not limited to the new TLDs that will be launched by the SPACE ID team, plus they are expecting to see other domain providers join in this ground-breaking multi-chain name service feature.
The BNB Domain Name Service is built on the foundation of ENS. ENS is cool and all, but all of the technical design on ENS is based on the condition of Ethereum MainNet. SPACE ID, regarding this aspect, has taken a huge leap with the user experience. The search and registration process for the end users is much more simplified and intuitive.
With the multi-chain oracle of SPACE ID and EIP712 signature distributor, users can register a BNB Domain Name with only one click. There will be no more one-minute wait time during the registration process. From the name search to a successful registration on the BNB chain, it will take less than 1 minute and less than $10 on average.
The SPACE ID governance token, the ID token, has its public release on Binance Launchpad. ID is the governance token of SPACE ID and it is designed to play a critical role in the decision-making process of the project, allowing users to have a say in the direction and future of SPACE ID.
The ID token serves as an essential part of the growth and sustainability of the SPACE ID ecosystem, incentivizing users to engage with the project and contribute to its success. With the launch of ID, SPACE ID is poised to become a leader in the Web3 industry, providing users with an even more well-rounded platform for managing their digital identities.
Who are the founders of Space ID (ID)?
Space Id’s board members include Xu Nuo (Director), and Xu Wei (Director).
What is Space ID (ID) used for?
Search
Space ID is a central hub for users to search desired names in all supported TLDs, as well as discover trending domain collections. It supports functions like auto-suggesting and a quick check on the domain registration status
Register Domains
Users can now register for all web3 domains on the SPACE ID Mainnet. The .bnb and .eth domains will be the first two TLDs to be supported in our first version of Mainnet.
Staking
Stake ID tokens to receive discounts in trading fees and Web3 domain registration discounts on SPACE ID.
Payments
Used as a means of payment within the SPACE ID ecosystem and for Web3 Name SDK Integration.
Governance
ID token holders can participate and vote on SPACE ID DAO proposals.
Trade in the domains
Space ID is also a marketplace that is specifically designed for trading web3 domains, with aggregated liquidity from other marketplaces such as OpenSea.
Manage the domains
It serves as a single integrated portal to manage the renewal, record, and ownership of all your web3 domains.
How is Space ID (ID) unique?
SPACE ID has already come in contact with many industry partners on various blockchains, and is confident that sharing with the SPACE ID ecosystem will expand exponentially in no time.
One SDK for all has always been one of the main features of SPACE ID to support all web3 dApps. This is ultimately designed to be a unified and streamlined approach that greatly simplifies the integration of web3 services, eliminating the need for developers to work with multiple protocols, saving time, and reducing the risk of compatibility issues.
Moreover, equipped with all the other upgrades in SPACE ID 2.0, the Web3 Name SDK has gained more horsepower than ever and aims to empower communities and partners to grow and better engage with users by leveraging custom domain names. Space ID has also added an all-in-one API on top of the SDK, which helps provide a much more comprehensive platform for integrating web3 services into any application.
With its significantly improved versatility, scalability, and future-proof design, it is poised to become a game-changer in this web3 age, and our 100+ integrated and future partners only need to integrate this one Web3 Name SDK to connect to all naming data owned by users.
How many Space ID (ID) coins are in circulation?
The total supply of ID tokens is capped at 2,000,000,000. The ID token initial distribution goes as follows:
Binance Launchpad 100,000,000.00
Advisors 140,000,000.00
Strategic Sale 160,000,000.00
Seed Sale 400,000,000.00
Core Team 300,000,000.00
Ecosystem 200,000,000.00
Marketing 260,000,000.00
Foundation 240,000,000.00
Community Airdrop 200,000,000.00.
How is the Space ID network secured?
Space ID is powered by Lucas, an ad hoc blockchain that bridges and stores your data on different chains. Lucas is the director of everything. It’s the transcript, which is maintained by Yoda, that keeps the registration metadata. Other two components are implemented in the SPACE ID architecture to enhance security and availability: Jedi and Yoda.
Jedi is a smart contract running on various chains for name registration and resolution. It only accepts names that have been granted validity from Yoda. Yoda is an Oracle network that ensures the uniqueness of names registered across multiple chains. It will collect the registration events from different chains, consolidate the information, and grant authentication signatures to users who want to register or bridge names on any Jedi.
How do I buy Space ID (ID)?
The ID token can be used for a wide range of purposes, like staking and governance.
ID tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy ID through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Space ID (ID)?
The PTPWallet platform supports many cryptocurrencies, with ID soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
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