SPACE ID (ID) Coin Explained: Features, Price & How It Works

Quick Summary

• SPACE ID is a multi‑chain naming protocol that lets you register, trade and manage Web3 domains on a single dashboard.
• The native ID token powers the ecosystem, with 430million tokens in circulation and a market cap around $50.8million (Oct2025).
• Version3.0 adds a permission‑less name‑service framework, letting any community launch its own top‑level domain without code.
• Compared with Ethereum Name Service (ENS) and Unstoppable Domains, SPACEID’s biggest advantage is true cross‑chain support.
• Getting started requires a Web3 wallet, a small amount of crypto for gas fees, and a quick registration through the SPACEID portal.

What Is SPACEID?

In plain terms, SPACEID is a decentralized identity protocol that offers a universal name service for Web3. Instead of juggling long, hexadecimal wallet addresses, users can claim human‑readable names like alice.crypto or bob.ip that resolve to wallets, decentralized websites, or even intellectual‑property records.

The platform works across dozens of blockchains-Ethereum, BNB Chain, Polygon, and others-so the same name can act as an identifier on any supported chain. This multi‑chain approach solves the “one‑name‑per‑chain” problem that plagues older services such as ENS.

How the ID Token Powers the Ecosystem

The native cryptocurrency, ID, is used for three core purposes:

1. Domain Registration Fees: Users pay a small amount of ID to lock a name on the blockchain.
2. Governance: Token‑holders can vote on protocol upgrades, fee structures, and new top‑level‑domains.
3. Incentives: Developers integrating the Web3 Name SDK earn ID rewards through the platform’s grant program.

As of October132025, there are 430million ID tokens in circulation, priced at $0.118 each, giving SPACEID a market cap of roughly $50.8million (data from CoinGecko). Daily trading volume hovers around $14.7million, indicating healthy liquidity for a mid‑tier project.

Key Features of the Multi‑Chain Name Service

SPACEID version3.0 introduces a “Permissionless Name Service Protocol.” The main capabilities are:

• One‑Stop Dashboard: Search, register, and manage names from any supported TLD on a single UI.
• SDK & API: The Web3 Name SDK lets developers integrate domain resolution in under 30minutes; over 300 partner apps already use it.
• Cross‑Chain Resolution: A name like mybrand.ip can point to an Ethereum address, a BNB‑Chain wallet, or a decentralized website, all at once.
• Intellectual‑Property Integration: Through a partnership with Story Protocol, blockchain‑verified domains act as digital certificates for IP assets.

Market Snapshot (Oct2025)

Here’s the latest market data for the ID token:

These numbers show steady growth, but the token still lags behind giants like ENS, which sits in the multi‑billion‑dollar range.

SPACEID vs. ENS vs. Unstoppable Domains

When choosing a Web3 naming service, three players dominate the conversation:

SPACEID’s edge is clear for users who need a single name that works on multiple chains. However, ENS still enjoys deeper integration with Ethereum tooling and a larger brand footprint.

Getting Started with SPACEID

If you’re ready to claim a name, follow these steps:

1. Set Up a Web3 Wallet: MetaMask, Trust Wallet, or any wallet that supports the chains you plan to use.
2. Buy Some ID: Purchase ID on a major exchange (e.g., Binance) and transfer it to your wallet.
3. Connect to the SPACEID Portal: Visit space.id and click “Connect Wallet.”
4. Search for Your Desired Name: Use the unified search box to check availability across all supported TLDs.
5. Register and Pay: Confirm the registration fee in ID, sign the transaction, and your name is minted on‑chain.
6. Manage or Trade: Use the dashboard to set resolution targets, transfer ownership, or list the domain on the built‑in marketplace.

For developers, the SDK can be added to a project with a single npm install, and documentation promises a 30‑minute integration time.

Pros, Cons, and Risks

Pros

• True cross‑chain name resolution reduces wallet address complexity.
• Permission‑less TLD launch empowers niche communities.
• Active grant program fuels ecosystem growth.
• Partnership with Story Protocol adds real‑world IP utility.

Cons

• Brand recognition lags behind ENS, which may affect resale value.
• Interface assumes some blockchain knowledge; newcomers may feel overwhelmed.
• Regulatory uncertainty around naming services could impact future compliance.

Risks

• Token price volatility - ID can swing sharply with market sentiment.
• Smart‑contract bugs - any vulnerability could affect domain ownership.
• Fragmented adoption - if major dApps don’t integrate SPACEID, its utility could plateau.