What is SPACE (SPACE)?
Quick Facts
- Blockchain: BNB Smart Chain (BEP-20)
- Project: Space Finance — NFT market and gallery
- Mechanism: Reflective, deflationary token
- Transaction fee: 4.5% on every transfer
- Burn share: 2.5% of every transaction burned automatically
- Reflection share: 2% distributed to all holders
- Launch: Fair launch with 80% of liquidity burned
- NFT collection: Codename: Cosmos — 10,000 unique planets
Introduction
SPACE is the native token of Space Finance, a decentralized NFT marketplace and gallery built on the BNB Smart Chain. The project combines a community-driven NFT platform with a token design that rewards holders automatically — no staking or farming required.
The core philosophy behind SPACE is accessibility. High fees on other networks have historically excluded many users from DeFi and NFT platforms. Space Finance addresses this by operating on BNB Smart Chain, keeping costs low while adding a unique reflective token model.
History & Background
Space Finance was developed under the Time Foundation, an organization that also maintains related blockchain projects including a Bitcoin Cash SLP token. The project launched on BNB Smart Chain with a fair-launch ethos, meaning the team did not hold back large allocations at the expense of the community.
At launch, 80% of all SPACE tokens were added to a PancakeSwap liquidity pool, and that liquidity was subsequently burned — a step often referred to as 'Proof of Burn,' making it impossible to rug-pull the liquidity.
How SPACE Works
Every SPACE transaction carries a 4.5% fee that is split into two parts automatically by the smart contract:
- 2.5% is permanently burned, reducing the token supply over time and countering inflation.
- 2% is reflected proportionally to all current SPACE holders, so simply holding SPACE in a wallet earns passive rewards.
Because the reflection is coded directly into the contract, holders receive compounding rewards without any additional action. Over time, the burn mechanic has already eliminated a significant share of the original supply.
Tokenomics
SPACE's economic design revolves around two complementary forces: deflation and passive income. The automatic burn on every transaction reduces available supply continuously, while the holder reflection creates an incentive to hold rather than sell.
The fair-launch distribution and burned liquidity mean there is no central party controlling a large pool of tokens or liquidity. Token utility is tied directly to the Space Finance NFT ecosystem, where SPACE serves as the primary medium of exchange and community participation.
|
Circulating Supply
| 211,162 SPACE |
|---|---|
| |
|
Total supply
| 211,162 SPACE |
|
Max supply
| -- SPACE |
Ecosystem & Use Cases
The Space Finance ecosystem centers on its NFT marketplace and gallery, where users can buy, sell, and showcase digital art. The flagship NFT collection, Codename: Cosmos, features 10,000 unique planet-themed digital artworks with varying rarities, attributes, and in-universe boosts — forming the foundation of the Space Finance Metaverse.
SPACE tokens are used within this ecosystem for transactions, and holding them passively generates reflections from marketplace activity.
Team, Governance & Community
Space Finance positions itself as community-driven with a transparent, fair-launch background. The project is maintained under the Time Foundation. The community has historically contributed artwork, memes, animations, and creative content, reinforcing the grassroots nature of the project.
Governance details are not formally published, but the project emphasizes full transparency and safety-first principles in its design choices.
Advantages
- Passive rewards: Holders earn SPACE automatically just by holding — no staking needed.
- Built-in deflation: Every transaction reduces supply, working against inflation long-term.
- Burned liquidity: The initial liquidity burn removes rug-pull risk from the founding pool.
- Low-cost network: BNB Smart Chain keeps transaction fees accessible for all users.
- Integrated NFT ecosystem: Token utility is directly tied to a real NFT marketplace and metaverse collection.
Risks & Challenges
- Small community size: With a limited holder base, liquidity and trading volume may be thin.
- Limited team transparency: Detailed information about the core team is not widely published.
- NFT market dependency: The token's utility is closely tied to NFT demand, which can be cyclical.
- Smart contract risk: As with all DeFi tokens, undiscovered vulnerabilities in the contract remain a theoretical risk.
- Ecosystem growth uncertainty: Long-term value depends on continued development of the NFT platform and metaverse.
Long-Term Vision
Space Finance aims to grow into a broader decentralized NFT metaverse anchored by the SPACE token. The Codename: Cosmos collection is envisioned as a foundational layer, with future expansions building on the metaverse framework. The project's long-term success hinges on growing its NFT marketplace activity, expanding the Cosmos universe, and maintaining its community-first ethos on BNB Smart Chain.
Frequently Asked Questions
- What is SPACE used for?
SPACE is the native token of Space Finance, used within its NFT marketplace and metaverse ecosystem. Holding SPACE also earns passive reflections from every transaction that occurs across the network.
- Do I need to stake SPACE to earn rewards?
No. SPACE uses an automatic reflection mechanism coded into the smart contract. Simply holding SPACE in your wallet earns you a proportional share of 2% from every transaction, without any staking or farming.
- How does the SPACE burn mechanism work?
Every SPACE transaction triggers an automatic 2.5% burn, which is permanently removed from the supply. This is handled entirely by the smart contract and requires no manual action.
- What is the Space Finance NFT marketplace?
Space Finance operates a decentralized NFT market and gallery where users can buy, sell, and display digital art. The platform is built on BNB Smart Chain and focuses on low fees and accessibility.
- What is Codename: Cosmos?
Codename: Cosmos is a collection of 10,000 unique planet-themed NFTs that form the core of the Space Finance Metaverse. Each planet features different rarities, artwork, and attributes.
- Is the SPACE token a fair launch project?
Yes. At launch, 80% of all tokens were added to a PancakeSwap liquidity pool, and that liquidity was subsequently burned. This 'Proof of Burn' approach was designed to prevent rug-pulls and ensure a fair distribution.
- On which blockchain does SPACE operate?
SPACE operates on BNB Smart Chain as a BEP-20 token, with contract address 0x26f399fd3bd1c52cde04c24bdc60d5b193e73b79. BNB Smart Chain was chosen for its low transaction fees and wide DeFi accessibility.
- Who is behind Space Finance?
Space Finance is developed under the Time Foundation, which also manages other blockchain projects. The project is described as community-driven with a transparent, fair-launch approach, though detailed team information is not widely disclosed.