Space ID is a decentralized identity protocol that integrates self-sovereign identity systems with blockchain technology. It enables users to create, manage, and utilize digital identities across different blockchain ecosystems. Space ID, powered by its native token, ID, was launched in March 2023.

Space ID was co-founded by a group of blockchain enthusiasts under the leadership of Xu Nuo and Xu Wei in 2022. The team aimed to simplify identity management while ensuring privacy and security.

• Self-sovereign identities: Users maintain control over their digital identities without intermediaries.

• Blockchain interoperability: Space ID enables seamless identity usage across various blockchain networks.

• Decentralized governance: ID token holders participate in protocol governance and decision-making.

• Security audits: Space ID undergoes regular security audits by top firms, ensuring a safe ecosystem.

Since its launch in March 2023, ID has gained significant traction. Ranked among the top 200 cryptos by market capitalization, ID has shown a strong upward trend. Crypto analysts predict a bullish future for ID, highlighting its potential for sustainable growth.

The current price of Space ID, as of 28 January 2025, is ₹30. You can buy Space ID from cryptocurrency exchanges like CoinSwitch.

• Governance: The ID token is a governance token, enabling holders to vote on protocol updates and proposals.

• Staking: Token holders can stake their ID tokens to earn rewards.

• Trading: Investors can trade ID tokens to leverage short-term price movements via exchanges like CoinSwitch.

• Focus on self-sovereign identity enhances user privacy and control.

• Interoperability allows usage across multiple blockchains.

• Decentralized governance boosts community involvement.

• The concept of decentralized identity is still new to many users.

• The ID token’s recent launch makes it prone to market volatility.

• Adoption may take time to gain momentum.

• Start investing in ID with just ₹100.

• CoinSwitch provides a seamless crypto trading experience for all levels of investors.

• Easily manage your transactions and portfolios within the app.

Space ID (ID) is a decentralized platform that focuses on providing users with tools and services for managing their digital identities securely. The ID token serves as the native utility token within the ecosystem, facilitating access to premium features, governance participation, and incentivizing users. Specific details regarding the total token supply and allocation are not readily available.