SPACE ID provides a universal name service network that links individuals, information, and assets across all blockchains and apps. Its product features are one name for all chains, self-sovereign database, and security. In short, they just sell domain. It does not involve any prohibited activities.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as âMalâ. | Passed |
| Project | SPACE ID is a BNB chain dApp that provides a universal name service network for linking individuals, information, and assets across all blockchains and apps. Users can use a human-readable identification for all web3 interactions, manage their information and assets with a single username, and maintain their identification in a multi-chain future. The three key characteristics of SPACE ID's product are one name for all chains, a self-sovereign database for finding resources across any chain, and security and availability. It does not involve any prohibited activities and is considered Shariah-compliant. | Passed |
| Financials | The token is not backed by equity, thus there is no financial screening on this token. | Passed |
| Token | The ID token is the governance token of SPACE ID. It is used for staking, making payments within the ecosystem, and participating in the governance of the SPACE ID DAO by voting on proposals. The ID token is essential for the growth and sustainability of the SPACE ID ecosystem, as it encourages user participation and contributions to the project's success. | Passed |
| Staking Method | Staking ID tokens enables users to receive discounts on trading fees in the 'SPACE ID domain NFT marketplace' as well as discounts on Web3 domain registration fees on SPACE ID. | Passed |
Read the source document and verify project fundamentals.