Question 1

What is ID?

Accepted Answer

ID is the native governance token of the SPACE ID ecosystem. SPACE ID provides Web3 domain discovery, registration, trading, and management services; ID is used for governance, designated payment scenarios, and staking discounts within the ecosystem. Holding ID does not confer equity in SPACE ID, profit-sharing rights, or redemption rights.

Question 2

What services does the SPACE ID platform primarily provide?

Accepted Answer

SPACE ID brings Web3 domain search, registration, trading, and management together in a multichain identity platform. Domains can serve as more recognizable names in supported applications or networks for associating accounts or identity records; they are not automatic account substitutes usable across every chain and every application, and their actual availability depends on whether the service being used integrates the naming service.

Question 3

How do ID holders participate in SPACE ID DAO governance?

Accepted Answer

ID holders can vote on SPACE ID DAO proposals or delegate their voting power to representatives of their choice. Governance rights here are rights to participate in DAO proposals, not corporate management or profit rights; whether to vote directly or delegate depends on the holder's governance participation choice. A proposal must first be submitted as a draft in the SPACE ID governance forum and discussed by the community before a Snapshot vote is scheduled once it is ready. Passing conditions include both at least 50% votes in favor and wallets voting in favor collectively holding at least 5,000,000 ID; after a proposal passes, it is executed by the core team, and treasury allocations additionally require authorization from DAO-elected multisig signers. These stages distinguish community discussion, off-chain voting, and actual execution.

Question 4

What is the practical purpose of staking ID?

Accepted Answer

According to SPACE ID, staking ID can provide two types of discounts: Web3 domain registration discounts on SPACE ID and trading-fee discounts on the SPACE ID domain NFT marketplace. The economic effect of these discounts is to reduce the cost of using eligible services; they are not protocol commitments of fixed interest, dividends, or token issuance rewards. Whether a user can receive a discount and which specific orders it applies to depend on the staking rules and service in use at the time. Registration fees and marketplace trading fees are different fee items: the former relates to registering domains, while the latter relates to trading on the domain NFT marketplace; holding ID alone does not mean either is necessarily waived.

Question 5

Can ID be used for payments?

Accepted Answer

ID can be used as a payment method within the SPACE ID ecosystem and for Web3 Name SDK integration scenarios. The SDK is a software development tool that enables applications to integrate naming-service functionality; this use indicates that ID is designed as an optional payment medium for ecosystem services, not that every integrated application, every domain service, or every fee must or will always accept ID.

Question 6

How should ID's supply be understood?

Accepted Answer

ID has a maximum supply of 2,000,000,000 tokens. Maximum supply is the cap set by the token rules; the official source also provides a total-supply data interface that reflects burned tokens and a circulating-supply data interface that reflects unlock progress, so maximum supply, total supply, and circulating supply are not the same concept.

Question 7

How do ID's allocation and unlocking mechanism work?

Accepted Answer

ID's initial allocation includes Binance Launchpad, advisors, strategic sale, seed sale, core team, ecosystem, marketing, foundation, and community airdrop. Categories have different proportions unlockable at the token generation event (TGE), with the remainder released monthly or quarterly, and some sale, team, and advisor allocations first subject to a one-year cliff. For example, 5% of Launchpad unlocks in full at TGE; the ecosystem allocation is 10%, with 50% unlocking at TGE and the remainder released monthly over 3 years; the core team allocation of 15% is released quarterly over 5 years after a one-year cliff. Unlocking is the process by which previously allocated but restricted tokens become eligible to circulate under the rules, rather than new minting; therefore, the unlock progress of different allocations affects the time structure of tradable supply.

Question 8

How can the official ID token be identified?

Accepted Answer

The official documentation lists the ID contract address as 0x2dfF88A56767223A5529eA5960Da7A3F5f766406 and states that this address can be used on Ethereum and BNB Chain. Before transferring or adding an asset on-chain, both the network and the complete contract address should be verified; the same address appearing on multiple compatible networks does not mean tokens can be transferred freely across networks, and cross-chain operations must still use routes supported by the services involved.

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