Space ID (ID)

Tokenomics & Utility

The ID token is the governance and utility asset of the Space ID ecosystem. It serves three primary roles:

• Governance: ID holders can make and vote on proposals in the Space ID DAO, including treasury actions and platform changes. The DAO forum outlines the proposal steps, from discussion to on‑chain execution, with multisig signers elected by the community. (forum.space.id)
• Payments and platform use: ID can be used within the Space ID platform, including for certain marketplace and registration activities. (binance.com)
• Staking for discounts: Staking ID entitles users to reduced fees on the Space ID domain marketplace and lower costs on domain registrations, creating a direct link between token use and platform activity. (binance.com)

Distribution follows a familiar Web3 model with allocations for seed investors, strategic partners, the public Launchpad sale, an airdrop pool for early adopters, the ecosystem, and the foundation/team. Binance Research’s project page and the Space ID docs outline the categories, including a 5% Launchpad allocation and airdrop details for early community members. Exact cliffs and vesting schedules were staggered by category to align incentives over time. (binance.com)

An important part of the project’s incentive design is a revenue‑based buyback‑and‑burn policy administered through the DAO treasury. The team proposed, and the DAO documents describe, periodic purchases of ID on the open market using a portion of platform revenue, followed by burns executed on a quarterly cadence from the Token Generation Event (TGE) onward. This mechanism ties token reduction directly to real platform usage. (docs.space.id)