SPACE ID Announces Total Supply of Token IDs and Community Airdrop Allocation
On March 16th, the decentralized identity agreement SPACE ID announced that its total supply of Token IDs was 2 billion, with 10% of the total supply reserved for community airdrops. 21% of community airdrops (2.1% of the total supply) would be eligible to apply for SPACE ID for all early adopters. The remaining portion of the airdrop allocation will be reserved for contributors in future activities and will be gradually released.
SPACE ID: The number of tokens dropped to early adopters accounts for 2.1% of the total ID
Analysis based on this information:
The decentralized identity agreement SPACE ID has revealed that it has a total supply of 2 billion Token IDs. It was also disclosed that 10% of this total supply has been reserved for community airdrops. These airdrops are aimed at rewarding members of the community who have shown interest in the project.
The community airdrops will account for 21% of the allocated tokens, which equates to 2.1% of the total supply. Early adopters can apply for SPACE ID through this allocation. The remaining percentage of the airdrop allocation will be reserved for contributors in future activities. The allocation of tokens for these contributors will be slowly released over time.
The announcement of the total supply of Token IDs and the allocation for community airdrops is a way of enhancing transparency and building trust within the SPACE ID community. It signals that the development team is committed to creating an open and inclusive environment that recognizes the contributions of all members.
The crypto community generally applauds the use of airdrops as a way of distributing and promoting new digital assets. While airdrops are not new, they have become increasingly popular among ICOs and blockchain start-ups as a way to engage the community, validate new technology and gain early adopters.
In conclusion, the allocation of 10% of the total token supply for community airdrops by SPACE ID announces a new project that is focused on the community. This token allocation will help incentivize early adopters and contributors, and increase the organic growth of the project. With transparency and inclusivity at the forefront, SPACE ID has signaled its intentions to become a key player in the decentralized identity verification space.
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