SpaceFi ($SPACE) is a cross-chain Web3 platform on Evmos and zkSync, with DEX, NFT, Starter, and Spacebase as initial product. Its ultimate vision is to connect Cosmos and Ethereum Layer2 ecosystem, exploring assets cross-chain and interoperability solutions.
SpaceFi will have an initial supply of 60M SPACE tokens at genesis (30M on Evmos mainnet and 30M on zkSync mainnet in the future), for airdrop, IDO, and strategic reserves. This will balance early contributor incentives and future development needs to pursue long-term benefits with the community.
Under the initial token model, new tokens would be released according to a “thirdening” schedule. Similar to Bitcoin’s halving, where token issuance is decreased by half every four years, in SpaceFi, the token issuance will be cut by ⅓ every year.
To expound further, the thirdening schedule works as follows: In the first 365 days, there will be a total of 180M tokens released or 0.493M daily. In the second 365 days, this will be cut by ⅓, and thus there will be a total of 120M tokens released. In the third 365 days, this will be cut by ⅓ again…
This thirdening process will allow SPACE to reach an asymptotic maximum supply of 600M.
