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Participation in the launch of Space ID token ID on Binance Launchpad

By geniuscryto | geniuscryto | 19 Mar 2023


The Space ID token launch will take place on Binance Launchpad. This Web3 domain name protocol allows registration on the BNB Smart Chain and Arbitrum, offering similar functionality to Ethereum Name Service (ENS). If you want to participate in the launch, here's how to do it :

Launch of Space ID Launchpad on Binance

To participate in the Space ID Launchpad on Binance, it is necessary to own BNB. This can be an interesting opportunity for investors who already have one, but for those who don't, one should carefully consider the risk of exposure to the price of this asset during the launch period, because there is no no guarantee of profitability.

The Launchpad can be accessed from the "Earn" menu at the top of the Binance website.

A snapshot is taken daily until March 23 at 7:00 a.m. PST to establish an average of the BNB present in each Binance account.

 

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At the end of this first phase, it will be possible to deposit the amount of BNB indicated in the Launchpad, up to 10 hours. Then, a calculation period will follow before the distribution. At that time, a small portion of the allocated BNB will be exchanged for ID tokens.

The initial price of an ID will be $0.025. Thus, imagining that a participant would be entitled to 400 IDs depending on the amount of their participation, 10 dollars of their BNB would be sold in the operation. The quotation of the token will come in a second time, and it will be necessary to wait for this one to know if the operation was profitable or not, and thus choose to keep the IDs or to sell them.

What is the Space ID (ID) project?

The Binance Launchpad offers the launch of the Space ID token ID, a Web3 identity protocol that allows you to buy your domain name on the BNB Smart Chain and Arbitrum One blockchain. In addition, Space ID has a non-fungible token (NFT) marketplace to trade these Web3 domain names.

However, it is important to note that participation in the Launchpad is not guaranteed to generate earnings, and it is possible that the price of the ID may fall below its opening price. Investors should therefore be aware of the risks before participating in this operation.

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geniuscryto
geniuscryto

Hi there, I'm geniuscryto! As a freelance cryptocurrency article writer


geniuscryto
geniuscryto

Hi there, I'm geniuscryto! As a freelance cryptocurrency article writer

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