SPACE ID
ID
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SPACE ID (ID) demonstrates foundational Web3 identity infrastructure with active multi-chain presence on BNB Chain and Ethereum, alongside backing from prominent investors like Polychain Capital. However, the protocol faces significant fundamental challenges across key evaluation categories. Development activity has shown intermittent progress without recent dated updates or versioned releases past mid-2025. Community support and active governance participation remain notably low. Economically, the token suffers from heavy ongoing unlock schedules, an unverified burn mechanism, and severe market depreciation (~98.5% drawdown from ATH), while facing intense competition from ENS and Unstoppable Domains. Security is clean of verified exploits or legal actions, but third-party audit reports remain unverified. No qualifying red-flag event triggers an external cap, and no sections had missing data (-1.0). The calculated weighted average across all six sections yields a composite score of 3.75/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About SPACE ID (ID)
SPACE ID (ID) is a decentralized Web3 domain and identity protocol operating across BNB Chain and Ethereum. The protocol provides decentralized identity and domain registration services, including .bnb name services, aiming to simplify blockchain addresses and streamline digital identity management. The project is backed by institutional investors including Polychain Capital and dao5 following a strategic funding round in February 2023, and it launched on the Binance Launchpad with a fixed maximum supply of 2 billion ID tokens.
The native ID token functions primarily as a governance and utility asset within the SPACE ID ecosystem. Token holders can participate in off-chain governance proposals through Snapshot to influence platform parameters and ecosystem initiatives. The platform has introduced integrations such as Payment ID across MetaMask and Binance, as well as wallet integrations with Enkrypt. However, the protocol faces significant competition in the Web3 domain space from established alternatives such as Ethereum Name Service (ENS) and Unstoppable Domains.
SPACE ID faces several structural and market challenges. The ID token has suffered an unrecovered market price crash of approximately 98.5% from its all-time high of $1.82 down to approximately $0.027, with market capitalization dropping into the $13–$15 million range. The token economics are subject to ongoing structural dilution from vesting schedules, while proposed buyback-and-burn mechanics remain unverified. Additionally, public verifiable third-party security audits remain absent from accessible documentation, active development tracking showed no documented updates past mid-2025, and documented community governance turnout remains low.