SPACE ID
ID
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
SPACE ID presents a strong value proposition in the growing Web3 identity market, differentiating itself with a focus on cross-chain interoperability. The project is supported by a large and active community, a well-defined token utility model with a buyback-and-burn mechanism, and an experienced team with reputable backers. However, investors should be aware of notable risks, primarily significant centralization concerns arising from token allocation and unresolved security audit findings. Additionally, the token faces inflationary pressure from its multi-year vesting schedule, which the platform's revenue-driven burns aim to counteract.
Detailed Analysis by Category
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)
Symbol: ID
SPACE ID is a decentralized identity and naming protocol designed to simplify how users register, manage, and resolve human-readable names on the blockchain. By combining on-chain security with cross-chain interoperability, SPACE ID provides a seamless layer for digital identity and domain resolution.
Overview
SPACE ID leverages blockchain technology to offer a secure, transparent, and user-friendly naming service. Its native token, ID, powers name registration, resolution fees, and protocol governance, ensuring a community-driven ecosystem.
Key Features
- Decentralized Identity: Register and control unique, on-chain identities without reliance on centralized authorities.
- Human-Readable Names: Secure short, memorable names (e.g., alice.id) that map to complex blockchain addresses.
- Cross-Chain Interoperability: Resolve names across multiple blockchain networks for a unified identity layer.
- Governance & Staking: Participate in protocol decisions and earn rewards by staking ID tokens.
Use Cases
- Wallet Address Simplification: Replace long addresses with easy-to-remember names for seamless transfers.
- Decentralized Applications (dApps): Integrate SPACE ID for user login, profile management, and payments.
- NFT & Domain Services: Assign unique names to NFTs or digital assets for enhanced discoverability.
Disclaimer: This page is for informational purposes only and does not constitute financial or investment advice.
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