🪙$SPAACE Token

The $SPAACE token is Spaace's native ERC20 token, deployed on the Ethereum blockchain.

🟧 Token Utility

The $SPAACE token serves multiple purposes that will drive its buying pressure upwards .

🔸 Staking for high APY

Stakers will receive daily APY in $SPAACE.

🔸 Staking for ETH

Spaace shares 100% of its revenue in ETH with stakers every day.

🔸 Affiliation / Referral

Holding and staking $SPAACE grants substantial benefits to Sponsors and Affiliates.

🔸 Staking for XP Rewards

Stakers will receive substantial XP rewards the more tokens they stake and the longer they stake for.

🔸 Improving Your Token Score

Buying more and holding tokens will increase the user's Spaace Score, directly impacting his rewards on the platform.

Users with a high Token Score will significantly increase the amount of rewards they earn.

🔸 Liquidity Farming

Users will earn rewards by providing $SPAACE and ETH to the Liquidity Farming program.

🟧 Buy Back

Importantly, Spaace plans on using a portion of the marketplace fees in ETH to buy back $SPAACE on the market on a daily basis.

This will occur in two separate instances:

• Manually: the team and market makers will use fees in ETH generated by NFT trading to buy back $SPAACE on the market.

• Automatically: users who stake their tokens using Prime Staking will see their ETH automatically swapped into $SPAACE multiple times a day - creating a continuous buying pressure directly from the smart contract.

This will create substantial daily buying pressure for $SPAACE.