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.
## The ID Token
ID is the governance token of SPACE ID. It is designed to play a critical role in the decision-making process of the project, allowing users to have a say in the direction and future of SPACE ID. The ID token serves as an essential part in the growth and sustainability of the SPACE ID ecosystem, incentivizing users to engage with the project and contribute to its success. With the launch of ID, SPACE ID is poised to become a leader in the Web3 industry, providing users with even more well-rounded platform for managing their digital identities.
ID is the native token of the SPACE ID ecosystem, with the following functions:
* **Staking**: Stake ID tokens to receive discounts in the SPACE ID Domain NFT Marketplace trading fees and Web3 domain registration discounts on SPACE ID.
* **Payments**: Used as a means of payment within the SPACE ID ecosystem and for Web3 Name SDK Integration.
* **Governance**: ID token holders can participate and vote on SPACE ID DAO proposals.
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How to Buy ID on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing ID. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing ID.
Step 5: Purchase ID
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of ID you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy ID.
Step 6: Store Your ID
After purchasing, you can choose to store your ID in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and ID assets, be sure to use a strong password and enable two-factor authentication.
ID Price:SPACE ID is building a universal naming service network that provides a one-stop identity platform for discovering, registering, trading, and managing web3 domains. It also includes a Web3 Name SDK and API for cross-blockchain developers, offering multi-chain name services for everyone to easily build and establish Web3 identities.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
Recommended Similar Coins: EDU、HOOK