Introducing Space Token !

4 min readMay 2, 2021

We are glad to announce the development of a new utility token !

We would like to present Space Token (SPACE).

Space will be the Community-Based utility token for Final Autoclaim. On top of that, it comes with several DeFi features across multiple blockchains.

Token Distribution 🏛️

There isn’t any ICO, IEO, IDO or other crowdfunding.

Instead, we’ll distribute the major part of Space Tokens for free! We actually offer 3 ways to get Space Token:

a.) Final Autoclaim Distribution— 14.3% of the supply

b.) Staking — 15.7% of the supply

b.) DEX Liquidity — 30% of the supply

c.) Community Airdrop — 15% of the supply.

25% Kept will be distributed according to the following pools:

a.) 10% Team & Founders Reserve

b.) 5% Marketing Pool

c.) 5% Development Pool

d.) 5% Legal expenses Pool

Get detailed insights about SPACE tokenomics here:

https://docs.spacetoken.tech/whitepaper/space-token-whitepaper/space-tokenomics

Final Autoclaim🪄

In alignment with our vision and goals, the introduction of SPACE as the utility token for Final Autoclaim is a strategic move to enhance our platform’s functionality and user engagement. As a utility token, SPACE plays a crucial role in the ecosystem, providing users with a range of benefits and applications. It’s integral for:

Rewarding User Participation: SPACE serves as a reward for users completing various tasks on Final Autoclaim, incentivizing engagement and activity.
Facilitating Access to Advanced Features: Holding SPACE unlocks advanced features and capabilities within the platform, adding value to the user experience.
Strengthening Community Involvement: SPACE allows for community involvement in decision-making processes, aligning with our commitment to decentralization and user empowerment.
Enabling Cross-Network Accessibility: As a cross-chain token, SPACE ensures users can engage with our platform across various blockchains, enhancing accessibility and convenience.
Supporting Long-Term Growth: SPACE tokenomics are designed to support the sustainable growth of Final Autoclaim, balancing rewards distribution with regular token burns to maintain token value.

Available SPACE Features on Final Autoclaim

Autoclaim reward bonus (from 2% to 100%) for each Space Token on-chain Holders
Staking reward bonus (from 0.5% to 20%) for each Space Token on-chain Holders
Gift Cards discounts (from -0.2% to -20%) for each Space Token on-chain Holders
Roll Game reward bonus (from 1.25% to 100%) for SPACE LP tokens Holders
Shortlinks reward bonus (from 1.25% to 100%) for SPACE LP tokens Holders
Offers and Surveys reward bonus (from 0.25 to 20%) for SPACE LP tokens Holders
Up to 40% APR with Space Token On-Chain Staking Pool
Up to 10% APR with Space Token Off-Chain Staking Pool
10% Lifetime Discount for banner advertisers buying campaigns with SPACE
10% Lifetime Discount for Pay-To-Click (PTC) advertisers buying campaigns with SPACE
Discounts for Silver, Gold, and Platinum Memberships bought with SPACE
Space Token Micro-wallet API for External Third-Party Websites.
SPACE distributions to Daily and Weekly Contest Winners
Users can complete Daily Social Tasks and get paid in SPACE
SPACE can be earned with Autoclaim Feature, like other coins available on Final Autoclaim.

Staking 📈

Staking holds a pivotal position in the Space Token ecosystem, serving as a cornerstone for both product development and tokenomics. Central to this is the use of staking as a means to access enhanced features within the Final Autoclaim platform. By staking SPACE, users unlock various benefits, integrating themselves more deeply into the ecosystem.

The significance of staking in the SPACE ecosystem is multi-faceted. Firstly, it serves as a mechanism to modulate the circulating supply of SPACE tokens. This is achieved by setting aside a portion of tokens specifically for staking rewards. This strategy effectively reduces the number of tokens in active circulation, fostering a more stable token economy.

Summary:

Total Staking Allocation: 55,000,000 SPACE.
Off-Chain Staking Allocation: 5,000,000 SPACE, targeting newcomers to Web3 and DeFi.
On-Chain Staking Allocation: 50,000,000 SPACE, targeting users with beginners Web3 skills
APR: Attractive initial rates, decreasing over time for sustainability.