Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $36,095,666,110 | Market Cap: $2,575,714,658,571
Space ID
ID
$0.46
Sector
DAO
Exchange Debut
2023-03-22
Market Cap
196,643,423
Maxim Supply
2,000,000,000
Circulating Supply
430,506,132
Circ. Supply(%)
21.53%
Space ID
ID
Price
$0.46
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
7273047
0.470026677539
0.455996531243
Change 24h
Change 7d
Change 30d
-2.49
-4.7282
5.7294
Maxim supply
Circulating supply
Circulating supply(%)
2,000,000,000
430,506,132
21.53%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Space ID cryptocurrency:
Our fundamental analysis of the Space Id cryptocurrency illustrates it as a groundbreaking project that’s centered on the development of a universal name service network. This innovative network features a one-of-a-kind identity platform for the discovery, registration, trading, and management of web3 domains. Integral to its function, the project also includes a Web3 Name SDK and API for developers across a plethora of blockchains, ensuring a multi-chain name service for any user seeking to create a web3 identity.
The results derived from our multi-criteria analysis place the Space Id project at a promising score of 6.75 out of 10. Consequently, this project could potentially offer valuable opportunities for investors. However, it’s worth noting that there are certain risks and challenges that could surface. The integral analysis of the product and its utility brought out a score of 8.3 out of 10, hinting at the high potential and substantial value for users within the ecosystem.
However, it’s essential to note, in this fundamental analysis of the Space Id cryptocurrency, that the Token Economy criterion only reached a score of 3.35 out of 10. This raises concerns over potential inflation and monetary centralization, potentially impacting the token’s value negatively over time.
The management team aspect was assigned a score of 5.2 out of 10. Even though the team’s experience was rated reasonably at 6 out of 10, the limited number of software developers, scoring only 2 out of 10, could present challenges in the product’s development and implementation phase.
Highlighting a positive aspect, the Partners and Investors criterion managed to secure a high score of 9.5 out of 10. This suggests substantial interest from partners and investors that could significantly aid in the development and promotion of the Space Id project.
Fundamental analysis of Space ID cryptocurrency – The final conclusion
In conclusion, fundamental analysis of the Space Id cryptocurrency identifies it as a venture with substantial opportunities for investors and users alike. However, potential risks linked to the token economy and team development cannot be ignored. The active involvement of investors and partners could play a crucial role in advancing the product and its ecosystem.
SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
One Place for Digital Identities:
As the world moves further into the web3 age, decentralized identities have become an increasingly crucial aspect of any web3 presence; a vast number of domain name providers have emerged in a short period of time, and owning multiple identities became nothing new.
However, no matter what domains you own, it’s always a headache to search, register, and manage different domains, and the existing NFT marketplaces are not built for trading domain NFTs; ENS users have to set their primary names or controller on ENS App, while .bnb owners need to find a BNB Chain marketplace to list the .bnb domains they want to sell.
SPACE ID 2.0 thus offers a one-stop web3 domain & identity platform to discover, register, trade, and manage web3 domains. It also includes a web3 name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
One-stop Web3 Domain & Identity Platform The SPACE ID one-stop web3 domain & identity platform is exactly what it sounds like — an innovative infrastructure that allows you to manage all aspects of your domains in one place. No more using multiple products for different domains. Everything you need is over here, in the palm of your hand at the same time.
Multi-chain Name Service
SPACE ID introduced .bnb Name Service on BNB Chain and built a community of 168K unique domain holders within 6 months, and we are now bringing the multi-chain name service. As mentioned in previous posts, supporting more TLDs and blockchains is always one of the priorities of SPACE ID. In the upcoming SPACE ID 2.0, we will not only continue focusing on bnb Name Service, but also see some significant progress in terms of the support for more Top Level Domains. This includes but is not limited to the new TLDs that will be launched by the SPACE ID team, plus we are expecting to see other domain providers joining us with this ground-breaking multi-chain name service feature.
SPACE ID has already come in contact with many industry partners on various blockchains, and we are confident to share with you that the SPACE ID ecosystem will expand exponentially in no time. Stay tuned for more announcements in the following weeks.
Web3 Name SDK & API
One SDK for all has always been one of the main features of SPACE ID to support all web3 dApps. It is ultimately designed to be a unified and streamlined approach that greatly simplifies the integration of web3 services, eliminating the need for developers to work with multiple protocols, saving time and reducing the risk of compatibility issues.
- Latest analysis update: June 17, 2023
Space ID - ID performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
