Best way to Explain What Is Space ID? Features and Tokenomics

Space ID (ID) is a name service network for different blockchains. investors can have their own web3 domain registered on different blockchains, like BNB Chain and Arbitrum. investors can also trade and manage different domains, same to the Ethereum Name Service. Web3 domains are human-readable names that can be used to access decentralized applications (Dapps), smart contracts, NFTs, and other blockchain-based resources. Another feature provided by Space ID is the Web3 Name SDK and API for developer’s world wild. It facilitates the integration of web3 domain functionality into various applications. making investors or developers job Easly.

How Does Space ID Work?

Space ID is built on a modular and scalable architecture comprising three main components: the Space ID protocol, the Space ID platform and the Space ID DAO.
The Space ID protocol is a set of smart contracts that provide the core functionality of web3 domain registration, resolution, management and governance. The protocol supports multiple top-level domains (TLDs) such as .eth, .bnb and .arb, as well as custom TLDs that can be launched by communities. The protocol also enables cross-chain interoperability by allowing users to link their web3 domains to any blockchain address or resource.
The Space ID platform offers a pleasant interface for investors to interact with the protocol. The platform offers various features such as domain discovery, registration, trading, management and referral. It also integrates with major DApps and wallets on BNB Chain and other blockchains to provide seamless web3 domain usage. Additionally, the platform provides a Web3 Name SDK and API for developers.

The Space ID DAO is a decentralized autonomous organization that governs the Space ID protocol and platform. The DAO is powered by the ID token, which is the governance token of Space ID. The token also serves as an incentive mechanism for users to engage with the project and contribute to its growth and sustainability.