Space, a leveraged prediction market platform built on Solana, has announced the public sale of its native token, $SPACE, starting December 17th at 6:00 PM UTC. The project, developed by the team behind the 2021 top-100 project UFO, aims to bring community ownership to its ecosystem through a fair-launch model.
The public sale targets $2.5 million with a floor fully diluted valuation (FDV) of $50 million and a ceiling FDV of $99 million. The token price will start at $0.05 and can increase linearly up to $0.099 based on demand. A unique variable token distribution model ensures all participants pay the same final clearing price. The sale accepts contributions in USDC, USDT, and SOL, with no minimum or maximum contribution limits.
Space differentiates itself as the first 10x leverage prediction market on Solana, allowing users to trade on real-world outcomes across crypto, politics, sports, technology, and culture. Core features include a Central Limit Order Book (CLOB) with 0% maker fees, engineered user acquisition loops, gamified points, ranks, seasonal airdrops, and liquidity rewards.
A key component of the tokenomics is a flywheel mechanism where 50% of all platform revenue is used to buy back and burn $SPACE tokens, while the other 50% goes to the protocol treasury. The total supply is capped at 1 billion tokens.
The project has already secured $3 million in seed and strategic funding, led by Morningstar Ventures and Arctic Digital. A previous round on Echo.xyz was oversubscribed by 1,360%. The public sale introduces a tiered participation system where early contributors receive enhanced benefits, including bonus airdrops, points multipliers, referral bonuses, and trading fee discounts.
The token generation event (TGE) will follow the public sale, with the platform launch scheduled for January 2026.
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