SPACE ID is gaining so much attention as Web3 ages quickly with the emergence of decentralized identity and various Web3 name services.
Name services first initiated by the Ethereum name services are fast becoming a big thing on the blockchain as it affords easy readability, transfer of funds across different network, and robust identity systems and can be adopted by many dApps across the blockchain.
Web3 is fast growing to bridge the gap between technology and physicality in a rapidly evolving world of technology and blockchain as new concepts and platforms are constantly emerging.
One such innovation is the Space ID token. In this article, we will explore what Space ID is, how it works, how to obtain a Space ID token, its value in dollars, the future prospects of Space ID, and where you can purchase this token.
What Is SPACE ID?
SPACE ID offers a strong and dependable solution for identity verification and identification by utilizing the transparency and security of blockchain. SPACE ID is a universal name service network connecting people, assets, and dApps across blockchain networks.
What Is The ID Token?
The Space ID token (ID) is the native cryptocurrency of the Space ID platform. It serves multiple purposes within the ecosystem, including facilitating transactions, accessing platform features, and incentivizing network participants.
ID is the native governance token. It was launched on the Binance Launchpad platform in a heavily oversubscribed auction in March 2023. ID is a governance token that allows holders to participate in the project’s governance process.
How Does Space ID Work?
The Space ID protocol, Space ID platform, and Space ID DAO are the three primary parts of Space ID’s modular and scalable architecture. The web3 domain registration, resolution, maintenance, and governance are all fundamental functions offered by the Space ID protocol, which is a collection of smart contracts.
How Do I Get A Space ID Token?
To obtain ID tokens, you will need to follow a few steps. Firstly, you need to identify the platform or exchange where ID tokens are available. Visit their official website or the recommended exchanges to create an account.
Once your account is set up and verified, you can deposit funds into your account and proceed to buy ID tokens using the supported trading pairs. Make sure to follow the instructions provided by the platform or exchange to complete the purchase successfully.
How Much Is Space ID (ID) In Dollars?
The price of ID tokens in dollars fluctuates and depends on the market. At the time this article was being written, it was priced at $0.025. You can check well-known cryptocurrency exchanges or financial websites that offer real-time market data to find out the current value of ID in dollars.
When making any investment selections, keep in mind that the price may fluctuate often. As a result, it’s necessary to be informed and use prudence.
What Is The Future Of ID Tokens?
The future of ID appears promising, as the need for secure and decentralized identity management continues to grow. With increasing concerns about data privacy and digital security, platforms like ID provide solutions that align with the principles of decentralization and user empowerment.
As blockchain technology advances and adoption increases, Space ID could play a significant role in shaping the future of digital identity management.
Where Can I Buy ID Token?
ID tokens can typically be purchased on Binance for now. It’s recommended to research and choose reputable exchanges with a solid track record of security and user satisfaction over time. You can check it out on Binance.com
ID Price Now
After rallying to, $1 the price of ID has lost 50% of its rally as the price trades at, $0.44 forming a descending triangle as the price looks to break out with a possible rally to the upside.