Space Token (SPACE) Whitepaper: Version 0.3 - 2nd July 2021
Space Token (SPACE) Whitepaper: Version 0.3 - 2nd July 2021
Whitepaper
According to DeFi Pulse the amount of money invested in DeFi projects soared from
about $950 million in the latter part of May 2020 to more than $9.5 billion by thefirst
week of September of the same year and have already been deployed (locked-in) across
a variety of DeFi applications that offer decentralized exchange, staking, liquidity mining,
lending and borrowing, monetary banking (e.g. the issuance of stablecoins), tokenization,
or other financial instruments such as derivatives and prediction markets. In that sense,
DeFi is about creating a network offinancial services that seamlessly function without the
need for intermediaries that could hold an unfair and inefficient controlling stake in the
operation of the system
However, cryptocurrency and decentralized finance are new concepts that can be
confusing and risky for customers to get involved with. Proposed tools are complex
and young, which hinders access to mainstream adoption. Early 2021, we cannot
yet call this financial architecture “openfinance” - when new users have to pass
through difficult loops to participate — hence, the need for simplified interfaces
that democratize DeFi and make it accessible to a larger audience.
Though cryptocurrencies have had great last years, they are yet not completely
mainstream and are still new to many people around the world. The idea behind crypto
faucets is to give free cryptocurrencies to people so they would take the time to learn
about digital assets and hopefully invest in them.
3- Next Gen Crypto Faucets
Usually, users need to register on a crypto faucet by entering their details along with the
wallet address. After solving a task on the website, the reward earned goes to a micro
wallet : a wallet similar to traditional wallets, but one which is capable of collecting small
amounts of crypto assets by using off-chain mechanism. This way permits to avoid
blockchain network fee as it uses API endpoints to execute micro-transactions.
Micro Wallets are useful to collect micro-amounts of High Fee Coins like Bitcoin or
Ethereum but their interest decreases when it comes to collecting other coin with low
fees, as the fee is lower, the minimum required to withdraw from crypto faucets can be
lower too.
That is why Some Crypto Faucet chosen to integrate an internal wallet to permits users
withdrawing their crypto directly to the blockchain. It is the case of Final Autoclaim.
Due to its fully functional network with high scalability, quite low transaction fees, and 3-
second block times, Binance Smart Chain (BSC) has become a leader among
Ethereum rivals.
Binance Smart Chain is the second blockchain launched by the cryptocurrency exchange
Binance. The First Binance Blokchain (Binance Chain) lacks most of Ethereum’s
functionality and flexibility, while the Binance Smart Chain is compatible with the
Ethereum Virtual Machine (EVM) and supports smart contracts.
As a result, developers can launch their Ethereum DApps on the Binance Smart Chain
with minimal configuration, allowing many crypto projects to migrate quickly to the latter
chain to avoid ETH’s high transaction fees.
Binance Smart Chain has seen immense popularity since the beginning of 2021, thanks in
part to congestion issues and high transaction fees on the Ethereum network. All of this
has caused many developers and investors to seek alternatives such as BSC.
In February 2021, the BSC community made the network even more attractive to new
users as a low-cost and stable alternative, doing so by reducing its gas fees from 15 Gwei
to 10 Gwei. This is to counteract the sharp increase in the price of the Binance Coin (BNB),
which exceeded $300 in February 2021.
This is why Binance Smart Chain is actually a nice way:
For Crypto Faucets Users : to learn about Dapp mechanisms and to get access to
DeFi opportunities without paying high fee.
For Crypto Faucets Owners : to take a step towards decentralization by integrating
DeFi features to their website.
Space Token (SPACE) is the very first token who permits users to learn about DeFi while
receiving Bonuses on a crypto faucet like Final Autoclaim.
The smart chain binance is a good way to introduce people to the deFi, but the costs
remain relatively high, especially when it comes to making micro payments, this is the
case of crypto-faucets as well as all the semi-centralized Micro-Earning crypto services.
If we want to be totally free of centralized systems (mySQL, RESTful API ect) in the world
of micropayment, we need a blockchain capable of performing transactions almost
instantly and with lower costs.
Futhermore, a Cross-Chain Environment for a micro earning service can bring a lot of
simplicity to the user, especially when the service offers many crypto tokens to earn, it
can avoid having to enter many addresses to withdraw his funds. For example, instead of
having to enter the addresses of the native DOGE, BTC and ETH networks, the user will
just have to enter his Binance Smart Chain (or Tron, Ethereum, Polygon..) address and
will be able to make all his withdrawals on it.
Space Token will be available on different blockchains in the future, to allow third
parties to find the best technology for their business and to improve crypto faucets
users experience by permitting the transfer of all cryptocurrencies to one or two
public address(es).
Use Cases
1- SPACE as official Final Autoclaim's Utility Token.
Final Autoclaim is a famous crypto earning website which allows users to earn up to 50
different cryptocurrencies. With around 300.000 members, Final Autoclaim offers many
different ways to earn cryptocurrencies, including surveys, staking, app-installations and
video-watching.
Available Features
Autoclaim reward bonus (from 2% to a 100%) for each Space Token on-chain Holders
Staking reward bonus (from 0.5% to 20%) for each Space Token on-chain Holders
Roll Game reward bonus (from 2% to 100%) for SPACE-BNB LP tokens Holders
Offers and Surveys reward bonus (from 0.5 to 20%) for SPACE-BNB LP tokens
Holders
Features Roadmap
As a liquidity provider, you will receive Space Tokens from the exchange contract that you
can then later use to withdraw your funds from the liquidity pool. As long as you have
cryptocurrencies in the liquidity pool, you'll receive part of the fee paid by traders when
they trade coins.
The fee is added to the liquidity pool and distributed proportionally to all current liquidity
providers.
As Liquidity Pools make trading on DEX possible, anyone can become a liquidity provider
as long as they can supply an equal amount of both BNB/BUSD and SPACE to an
exchange contract on PancakeSwap.
Tokenomics
Development and Marketing
10%
Liquidity
30%
Community Airdrop
15%
Team and Funders Reserve
10%
Integration to Final
Autoclaim and
Holders Bonuses
More Agressive
Marketing
More Tutorials on
Medium
Listing on
CoinMarketCap and
P2PB2B
Roadmap
1- Short Term Roadmap
First MicroPayment
API (5 Beta Testers
Faucets)
3000 Twitter
Followers
API integration on
some Faucets Scripts
Influencer outreach
effort
Listing on Coingecko
2- Long Term Roadmap
April 2021
Token and Website Launch
May 2021
Integration to Final Autoclaim
& Airdrop Distibrutions
June 2021
SPACE Staking & Holder
Bonuses on Final Autoclaim
Listing on P2PB2B
Summer 2021
Contract Audits and Social
Bots Developement
Beta API for crypto faucets
October 2021
Listing on other DEX / CEX
End 2021
Space NFT Marketplace
Public API for crypto faucets
January 2022
Space Swap and DAO
Token Quick Facts
Website https://spacetoken.tech/
BSCscan https://bscscan.com/token/0x9d9affac2175ef541642035a
b66f5fe7df813851
PancakeSwap https://exchange.pancakeswap.finance/#/swap?
outputCurrency=0x9d9affac2175ef541642035ab66f5fe7df
813851
Chart https://charts.bogged.finance/?
token=0x9d9AFFAc2175Ef541642035aB66f5FE7Df813851
Twitter https://twitter.com/SpaceTokenBSC
Telegram https://t.me/SpaceTokenBSC
Medium https://space-token.medium.com/
Reddit https://www.reddit.com/r/SpaceToken/new/
Discord https://discord.gg/3PPhDwzbXd