In a significant development for the Solana blockchain, Space, a prediction market platform, has announced the public sale of its native token, SPACE. This sale, which commenced on December 17 at 6:00 p.m. UTC, offers a unique opportunity for investors to participate in a leveraged prediction market that allows users to share predictions on real-world outcomes in cryptocurrency, politics, sports, technology, and culture with up to 10x leverage.
Introduction to Space and its Token Sale
Space operates on a tokenomics model where half of the platform’s revenue is used for token buyback and burning mechanisms, while the remaining half goes to the protocol treasury. The total token supply is set at 1 billion SPACE tokens. This model is designed to ensure the long-term sustainability and growth of the platform. The public sale employs a variable token distribution model, where tokens are distributed based on a final market price, ensuring that all participants receive the same price.
Solana and Space Market Offering
Space’s technical features include a centralized limit order book with no maker fees, up to 10x leverage on forecasts, gamified scoring and ranking systems with seasonal airdrops, and liquidity and referral rewards. The project has secured seed capital and strategic funding led by Morningstar Ventures and Arctic Digital, with additional participation from Echo and Curated by Impossible Finance. The Echo round was reportedly oversubscribed, demonstrating the high interest and confidence in the project.
Token Sale Mechanism and Tiered Rewards
The sale involves a tiered ownership structure based on timing, with prior commitments receiving higher tiers. Higher tiers offer a higher probability of being awarded and unlock bonus airdrops, lifetime platform benefits, and benefits such as point multipliers, lifetime referral multipliers on trading fees, and a 12-month discount on trading fees. A minimum contribution is required to unlock tier rewards, but no minimum contribution is required to participate in the basic sale. User contributions are cumulative, but reaching the tier requires reaching the minimum amount during the tier’s active 24-hour window.
Platform Launch and Participation Requirements
Participation in the token sale requires a self-managed wallet, with Phantom recommended, and desktop access for the best experience. Users are advised not to send posts from centralized exchanges. The platform is scheduled to launch in January 2026, following the completion of the token generation event. Space aims to address liquidity challenges common in prediction markets through a combination of centralized limit order book technology, leverage options, and zero maker fees, making it an attractive option for users looking for a robust and user-friendly prediction market platform.
For more information on the Space token sale and the Solana-based prediction market, please visit https://crypto.news/space-token-sale-offers-leveraged-prediction-markets-on-solana/.
