Introducing $SPACE: Trade Tokenized NFT Pixel Art in The Space

Community Translation: Russian

💡The Space: an everlasting co-creation blockchain graffiti wall shared and governed by all participants through radical market principles. This White paper explains

$SPACE and SpaceDAO

The Space is the first large-scale blockchain experiment that brings together NFT pixel art, Radical Markets principles, co-creation pixel map, and DAO.

One of the core components of The Space is decentralization and self-sustainability. The Space will be managed and operated by SpaceDAO, which will gradually take over the ownership and governance of The Space.

SpaceDAO will decide on economic parameters such as the Harberger Tax rate, UBI ratio, canvas size, as well as the use of the Community Treasury. Though a completely decentralized governing will take time to develop, as we continue to develop The Space, we believe it is time for us to introduce the token $SPACE, the token of The Space.

$SPACE is a standard ERC-20 token that people can get by claiming Airdrop or Fairdrop, completing community publishing tasks, or by buying directly from a Decentralized Exchange (DEX). $SPACE will be used to support the economic activities in The Space such as buying and selling pixels, paying tax, receiving UBI, as well as supporting the operation of SpaceDAO.

⭐Read 📃 Introduction to The Space for more details.

Total Supply and Allocation

In total, all 1 billion $SPACE tokens will be created at genesis. The distribution is as follows:

$SPACE Total Supply and Allocation

1. Early Community Incentives (13.74%)

13.74% of the $SPACE tokens will be distributed to addresses that positively contribute and impact The Space in the early stage.

Initial Airdrop (2%)

The first airdrop will distribute 2% of the $SPACE supply. This airdrop is targeted toward people who:

  • Participate in the tests of The Space at PoC (proof of concept) stage and Testnet.
  • Contribute actively to The Space community.
  • Contribute actively to the Matters Lab community, including Matters.news, and Traveloggers.

Future Airdrops (3%)

An allocation of 3% of the $SPACE supply will be held in reserve for future airdrops. The second airdrop will be a fairdrop to reach out to more potential users who will be interested in The Space and promoting this project. It will start after the project launch.

Early Stakeholders (8.74%)

The remaining 8.74% will be under a 12-month linear unlock to incentivize various stakeholders who contribute to The Space’s growth, development, and expansion in the first year. These will be early active creators, contributors, advisors, developers, partners, etc.

2. Community Fund (66.26%)

66.26% of the $SPACE tokens will be allocated to the SpaceDAO. 5% of this allocation will be available to the SpaceDAO at launch, while the remaining will unlock over 4 years and be administered over time by the SpaceDAO.

SpaceDAO is encouraged to allocate these tokens towards community-focused initiatives to help the development and growth of The Space, such as grants, hackathons, partnerships, and more.

The allocation dedicated to the Community Fund will be divided into:

  • Community Treasure & Resources
  • Creators and Contributors Fund

3. Liquidity Pool (5%)

The first trading pair of $SPACE will be on Uniswap. The initial liquidity pool will be set up by the Matters Lab team. 2% of $SPACE will be available for trading on Uniswap at the project launch. 5% in total will be available to the public for purchase in the first year.

4. Matters Lab Team (15%)

The Space is initially designed and developed by the Matters Lab team. The team will also contribute to The Space to ensure its success. 15% of the $SPACE tokens will be allocated to the Matters Lab team. All tokens will have an initial lock-up of 12 months, then a 24-month linear unlock.

4-Year Circulating Supply

The chart below shows the gradual increase of the circulating supply as tokens unlock.

Next Steps

We’ll be opening the first round of the airdrop claim process very soon. We are going to publish another article in a few days to detail how the airdrop works. More information about the upcoming airdrop, liquidity on Uniswap, fairdrop, and updates about The Space are on their way.

Subscribe for The Space updates on our website. Follow @thespace2022 and @Mattersw3b on Twitter for the latest news and insights on Radical Market, fractional NFT and web3 .

--

--

--

Matters Lab was established in 2018, with the mission to create a freer and fairer creator ecosystem through the next evolution of the Internet, Web3.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Here and there I would hear and read thoughtless and hasty opinions like “Artificial intelligence…

Want to Contribute to the Blockchain Space, but Don’t Know Where to Start? I Have Answers.

Here Are The Results of The First-Ever ERC1155 Minting Competition!

2021 Thesis of Infrastructure Blockchain, Blockchain Consensus, and Future of Scaling

Distributed Ledger Technology (DLT) Definition

Global Real Estate Blockchain Cloud Platform I-house.com Secures $30 Million Investment

Consensus 2018! ARK_NYC! BlockHack!

Digital Securities: Disrupting Capital Raising

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Matters Lab

Matters Lab

Matters Lab was established in 2018, with the mission to create a freer and fairer creator ecosystem through the next evolution of the Internet, Web3.

More from Medium

Power Over 9000! Level Your Seker Factory DAO NFT

After all, which NFT collections will survive the bear market?

Announcing Alpheta’s Roadmap — IMDb for NFTs | NFT Research Simplified

NFT marketplace has come to an end, now what? An Interview with an insider.