Spacecoin
SPACE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Spacecoin (SPACE) is a decentralized physical infrastructure (DePIN) project deploying satellite-based internet connectivity on the Creditcoin Layer 1 network. On the positive side, the project has executed tangible roadmap and hardware milestones—such as the CTC-0 satellite launch and initial blockchain communication tests—and completed a CertiK smart contract audit with zero critical vulnerabilities. However, the asset faces several headwinds: software development transparency remains low with no public repository metrics, governance is currently centralized under the core team and Spacecoin Foundation, and heavy scheduled token unlocks pose structural supply overhang against a low market capitalization. The token has experienced a severe drawdown exceeding 80% from all-time highs and faces strong incumbent competition. Note that Community Support received a score of -1.0 due to a lack of verifiable governance and engagement data, and its weight was proportionally redistributed across the other categories. No qualifying red-flag events were established to trigger a hard score cap.
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 Spacecoin (SPACE)
Spacecoin (SPACE) is a decentralized physical infrastructure network (DePIN) project designed to provide satellite-based internet connectivity via an open architecture. The project operates natively on the Creditcoin Layer 1 blockchain, with additional cross-chain ERC-20 deployments. Spacecoin is led by founder Tae Oh alongside strategic advisor Jim Cantrell, and its hardware milestones include the launch of the CTC-0 satellite and orbital blockchain communication tests.
The token has a fixed total supply of 21 billion units, launched during its Token Generation Event (TGE) in January 2026 without programmatic tail inflation. Within the network, the SPACE token is utilized for network staking, escrow-based service payments, and satellite capacity monetization. Governance remains centralized under the core team and the Spacecoin Foundation pending a planned future transition to a decentralized autonomous organization (DAO), with roughly 73% of the supply locked under vesting schedules running through December 2030.
The project faces notable structural, market, and reputational risks. The token has experienced a significant price drawdown exceeding 79% from its all-time high amid low trading volumes and supply overhang from recurring token unlocks. In March 2025, on-chain investigator ZachXBT raised integrity concerns regarding artificial social media engagement associated with the project. Additionally, while an August 2025 CertiK smart contract audit identified zero critical vulnerabilities, it reported a major centralization finding that was acknowledged rather than resolved, and the project displays low software development transparency with no public code repository metrics.