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Space, a Solana-based prediction platform, has today announced the public sale of its native token, $SPACE, following a successful $3 million seed and strategic round.
The platform features the first 10x-leverage prediction market on Solana, where users trade on real-world outcomes across crypto, politics, sports, technology, culture, and beyond, and get paid for being right.
Apart from the successful seed round, which Morningstar Ventures and Arctic Digital led, Space also boasts a record-breaking 1,360% oversubscribed raise on Echo and participation from investors on Curated by Impossible Finance.
Introducing $SPACE
According to the announcement, the $SPACE public sale uses a variable token distribution model, in which tokens are distributed at the final market-clearing price.
 
Notably, this ensures fair and efficient price discovery while guaranteeing all participants receive the same price.
The team believes the people who use, trade, build on, and support Space should own a part of it. A public sale puts ownership in the hands of the community, where everyone gets the same price.
The token will be based on the Solana network while the sale will start at a floor valuation of $50M FDV and remain at this level until the $2.5M target is reached.
After the target is met, the sale will enter price discovery, with FDV increasing linearly up to the $99M ceiling. All participants will pay the same clearing price at the close of the sale.
Per the announcement, the participation tier will change every 24 hours. Hence, the earlier a user commits, the higher their tier and the greater the likelihood of having their allocation filled, unlocking a larger bonus airdrop, lifetime perks, and benefits on the Space platform.
While there is no minimum contribution to participate in the Public Sale, the platform confirmed that the minimum contribution is to unlock a tier and subsequent rewards.
Participants will be able to enjoy an additional bonus token airdrop, earn points faster across airdrop seasons 1-4, a lifetime bonus on trading fees from referred users, and reduced costs on users’ trades for 12 months.
Users’ total contribution is cumulative, but they can only achieve a tier if they hit the minimum during that tier’s active window. Once a user secures one, it’s theirs for life. Tier achievements transfer to their Space profile and come with additional benefits.
To participate in the public sale, users must connect a self-custodial wallet, select a contribution amount in USDC, USDT, or SOL, then sign and confirm the transaction.