What is SPACE ID (ID)?

Quick Facts

  • Token symbol: ID
  • Category: Web3 identity / multi-chain name service
  • Launched: 2022 (protocol), ID token launched March 2023
  • Headquarters: Singapore
  • Key backers: Binance Labs, Polychain Capital, dao5
  • Supported domains: .bnb, .arb, and community-created TLDs
  • Governance: SPACE ID DAO, powered by the ID token

Introduction

SPACE ID is a universal name service network that lets users replace long, complex blockchain wallet addresses with short, human-readable domain names — such as 'username.bnb' or 'username.arb'. It functions as a one-stop platform to discover, register, trade, and manage Web3 domains across multiple blockchains.

The project aims to make Web3 more accessible by removing one of its biggest friction points: the complexity of raw blockchain addresses.

History & Background

SPACE ID began publicly building its ecosystem in early 2022 and officially launched in September 2022, with a focus on simplifying the onboarding experience for new Web3 users. In March 2023, the project launched its governance token, ID, via Binance Launchpad, marking a pivotal step in the protocol's evolution.

The project secured two key funding rounds. The first seed round was led by Binance Labs, cementing the integration of .bnb domains into the BNB Chain ecosystem. A second round was led by Polychain Capital and dao5, alongside contributions from Foresight Ventures and other institutional investors.

How SPACE ID Works

At its core, SPACE ID resolves human-readable names into blockchain addresses through smart contracts. The protocol operates on a modular and scalable architecture with three main layers: the protocol, the platform, and the DAO.

Developers can integrate Web3 domain functionality into their applications using the Web3 Name SDK and API, which supports multiple blockchains. The platform portal allows users to search, register, trade, and manage their domains seamlessly. With SPACE ID 3.0, any Web3 community can launch its own custom Top-Level Domain (TLD), making the infrastructure fully permissionless.

Tokenomics

The ID token is the native asset of the SPACE ID ecosystem. It serves multiple roles: staking for discounts on domain registration and marketplace trading fees, participating in governance through the SPACE ID DAO, and incentivising community growth and active contributions.

The token distribution model is designed to align incentives between the team, investors, and the broader community, with governance rights ensuring that ID holders have a direct say in the protocol's direction.

Circulating supply ? 286.00 million ID
Reserved supply ? 0 ID
Burned
0x0000000000000000000000000000000000000001
0 ID
Total supply ? 2.00 billion ID
Max supply ? 2.00 billion ID
Updated 5mo ago

Ecosystem & Use Cases

SPACE ID has integrated with over 100 prominent projects and protocols, including BscScan, Trust Wallet, and ApeSwap. Domain NFTs represent ownership of Web3 domain names, which can be linked to any blockchain address or resource for cross-chain interoperability.

Key use cases include simplifying wallet address sharing, enabling community-branded TLDs, and providing a unified Web3 identity across chains. Communities like PancakeSwap and Injective have explored building their own domain services on SPACE ID infrastructure.

Team, Governance & Community

The project is based in Singapore and governed by the SPACE ID DAO, which oversees both the protocol and the platform. ID token holders can vote on governance proposals that shape the future development of the ecosystem. The DAO structure is designed to operate autonomously, ensuring a community-driven evolution of the protocol.

Advantages

  • Multi-chain support — works across BNB Chain, Arbitrum, and other networks
  • Developer-friendly — Web3 Name SDK and API ease integration for builders
  • Permissionless TLDs — any community can launch a custom domain extension
  • Strong backing — supported by Binance Labs, Polychain Capital, and leading VCs
  • Real utility — token staking offers tangible benefits within the ecosystem

Risks & Challenges

  • Competition — faces rivalry from Ethereum Name Service (ENS) and other naming protocols
  • Adoption dependency — value hinges on continued growth of Web3 user base
  • Governance risks — DAO-based decisions can be slow or subject to low voter participation
  • Smart contract risk — bugs or exploits in domain resolution contracts could impact users

Long-Term Vision

SPACE ID aims to become the definitive universal Web3 identity layer across all major blockchains. By enabling every chain, every community, and every developer to build on top of its naming infrastructure, the project envisions a future where seamless, chain-agnostic identity is a standard feature of the decentralised web.

Frequently Asked Questions

SPACE ID is a multi-chain Web3 name service protocol that lets users register human-readable domain names — like 'username.bnb' — instead of using raw blockchain wallet addresses. It supports multiple blockchains and provides a one-stop platform for domain discovery, registration, trading, and management.

The ID token is the native asset of the SPACE ID ecosystem. It is used for staking to receive discounts on domain registration and marketplace fees, and for voting in the SPACE ID DAO to shape the protocol's future.

SPACE ID supports multiple blockchains including BNB Chain and Arbitrum, with domain extensions such as .bnb and .arb. The protocol is designed to expand to additional chains over time.

A Web3 domain is a human-readable name stored on a blockchain that can replace a complex wallet address. It can also be linked to decentralised applications, smart contracts, and other blockchain resources.

SPACE ID is governed by the SPACE ID DAO, which is powered by the ID token. Token holders can vote on governance proposals that determine the direction and development of the protocol.

Yes. With SPACE ID 3.0, the protocol became permissionless, allowing any Web3 community to launch its own custom Top-Level Domain (TLD). Projects like PancakeSwap and Injective have explored using this infrastructure.

SPACE ID received backing from Binance Labs in its first seed round, followed by a second round led by Polychain Capital and dao5, along with other institutional contributors such as Foresight Ventures.

While ENS focuses primarily on the Ethereum ecosystem with .eth domains, SPACE ID is built as a multi-chain solution supporting several blockchains and domain extensions, with a broader goal of becoming a universal Web3 identity layer.