The latest project to launch on the Binance Launchpad, Space ID, received an overwhelming response from traders, with over $2.8 billion in Binance Coin ($BNB) commitments in just 48 hours.
Over 8.6 million $BNB tokens have been committed to the Space ID token sale, which aimed to raise only $2.5 million from exchange users. The project's hard cap for funding is $2.5 million, so not all the committed funds will flow into Space ID's ID tokens. The final allocation was calculated based on the number of $BNB commitments to the total number of holders who participated.
The token is now trading at $0.45, almost 18x of the IEO price of $0.025
Space ID is a Web3 domain management project that enables users to exchange, register, and manage crypto-based domain names. $ID tokens can be used on the platform as a governance token. The project aims to create a decentralized naming system for blockchain-based assets, giving users complete control over their domain names and digital assets.
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