SPACE ID reserves a portion of its token supply for community and adoption.
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:
SPACE ID, a decentralized identity agreement, has recently announced its total supply of Token IDs, which amounts to 2 billion. 10% of the total supply is reserved for community airdrops, which is a strategy to incentivize community involvement and encourage adoption.
According to the announcement, 21% of the community airdrops, equivalent to 2.1% of the total token supply, is eligible for early adopters. These early adopters can benefit from using SPACE ID and, in turn, promote the platform among their peers. The remaining portion of the airdrop allocation will be gradually released for contributors in future activities.
It is noteworthy that the reserved portion of token supply reflects SPACE ID’s commitment to community and adoption. By reserving 10% of the total token supply for community airdrops, it offers an incentive for community involvement, which ultimately helps the platform grow.
The allocation of the remaining portion of the airdrop reserve for contributors in future activities shows SPACE ID’s long-term commitment to sustainability. Rather than just a one-time activity, SPACE ID intends to engage contributors on an ongoing basis, holding activities and releasing airdrops over time. This approach reflects a belief that identity is an evolving process rather than a static given.
In summary, the message conveys the intention of SPACE ID to promote community involvement and adoption of the decentralized identity agreement. The reserved portion of the token supply for community airdrops shows the commitment to this end, while the allocation of the remainder of these airdrops help foster a sustainable and dynamic identity platform. The message illustrates SPACE ID’s active and engaged approach to identity and aligns with the decentralization ethos of blockchain.
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