Space ID Price

Space ID (ID) is a Web3 cryptocurrency launched in 2023 that operates on the Ethereum platform. Currently ranked 971 with a price of $0.03076, it has seen a +0.58% change in the last 24 hours. Space ID provides a decentralized identity solution for the Web3 ecosystem, allowing users to create and manage their digital identities across multiple blockchains. The platform focuses on simplifying domain name services and digital identity management in the crypto space. With a market cap of $13.24M and a 24-hour trading volume of $17.03K, Space ID has established itself in the digital identity sector. The total supply is capped at 2B ID tokens, with 430.5M ID currently in circulation. Space ID is built on Ethereum and is compatible with the BNB Chain ecosystem, making it versatile across multiple blockchain platforms. The project continues to develop its ecosystem through partnerships and integrations with other Web3 protocols.

Space ID was officially launched on March 22, 2023. It operates primarily on the Ethereum platform as an ERC-20 token, though it's also available on the BNB Smart Chain. Since its creation, Space ID has developed into a notable Web3 identity solution with a total supply of approximately 2 billion tokens and a maximum supply cap of 2 billion ID. The project has gained recognition through its inclusion in several prominent ecosystem portfolios, including Binance Launchpad.

Space ID was founded by Tianren Li and Charles Wayn in 2022. The project officially launched on March 22, 2023. Li serves as the CEO while Wayn is the CTO of the project. Both founders have extensive backgrounds in blockchain technology and digital identity solutions. They created Space ID with the vision of building a universal name service network for Web3 identities, aiming to simplify the user experience across different blockchains and platforms. The project has received backing from notable investors in the crypto space and operates on both Ethereum and BNB Chain ecosystems.

Space ID (ID) works as a decentralized digital identity solution built on blockchain technology. It operates across multiple chains including Ethereum and BNB Chain, allowing users to register and manage domain names (like .bnb, .arb) that connect to their crypto wallets. The protocol uses smart contracts to handle domain registrations, renewals, and transfers. When you purchase a domain, you're actually acquiring an NFT that represents ownership of that name. This NFT can be traded on secondary markets. Currently priced at $0.03076 with a market cap of $13.24M, Space ID has a circulating supply of 430.5M ID out of a maximum supply of 2B ID. The token is used for governance voting, protocol fees, and staking. The system's architecture includes a name service registry, resolver contracts, and a reverse lookup mechanism. This infrastructure enables users to replace complex wallet addresses with human-readable names, simplifying transactions and interactions across Web3 applications.

Space ID operates on a multi-chain technical architecture that supports both Ethereum and BNB Chain ecosystems. The protocol utilizes ERC-20 and BEP-20 token standards with smart contract addresses deployed on both networks (0x2dfF88A56767223A5529eA5960Da7A3F5f766406). The architecture features a decentralized naming system with domain registration and management capabilities, supported by a robust infrastructure that handles over $17.03K in daily trading volume. The system employs smart contracts for automated processes, ensuring secure and transparent transactions. With a maximum supply of 2B ID tokens and 430.5M ID currently in circulation, the architecture is designed for scalability while maintaining security. The protocol integrates with various DApps and supports DAO governance mechanisms, allowing token holders to participate in decision-making processes. The technical foundation includes API integrations for third-party applications, cross-chain interoperability features, and advanced security protocols to protect user assets and data across the supported blockchain networks.

Space ID has a promising future with a well-defined roadmap focused on expanding its Web3 identity infrastructure. Currently ranked 971 with a price of $0.03076, Space ID aims to become the universal identity layer for the decentralized web by 2027. The roadmap includes enhancing cross-chain functionality, improving domain name services, and developing more user-friendly identity solutions. By 2028, Space ID plans to integrate with major DeFi protocols and metaverse platforms, creating a seamless identity experience across the Web3 ecosystem. With a maximum supply of 2B ID and current circulating supply of 430.5M ID, Space ID has room for growth as adoption increases. The team is actively working on partnerships with other blockchain projects to expand its utility. Long-term goals include becoming the standard for decentralized identity verification by 2031, potentially driving significant value to the token as Web3 adoption continues to grow globally.