# $SPAACE Token

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

## :orange\_square: Token Utility

The $SPAACE token serves multiple purposes that will drive its <mark style="background-color:orange;">**buying pressure upwards**</mark> .

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f538">🔸</span>  <mark style="background-color:orange;"><strong>Staking for high APY</strong></mark> </td><td>Stakers will receive daily APY in $SPAACE.</td><td></td><td><a href="/files/CQgIfxJfSR2jEL09LiIa">/files/CQgIfxJfSR2jEL09LiIa</a></td></tr><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f538">🔸</span>  <mark style="background-color:orange;"><strong>Staking for ETH</strong></mark> </td><td>Spaace shares 100% of its revenue in ETH with stakers every day.</td><td></td><td><a href="/files/QqCOFnq4t2GjAGWTabxX">/files/QqCOFnq4t2GjAGWTabxX</a></td></tr><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f538">🔸</span> <mark style="background-color:orange;"><strong>Affiliation / Referral</strong></mark> </td><td>Holding and staking $SPAACE grants substantial benefits to Sponsors and Affiliates.</td><td></td><td><a href="/files/H1pixhzqLtHKQzht64Wg">/files/H1pixhzqLtHKQzht64Wg</a></td></tr><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f538">🔸</span> <mark style="background-color:orange;"><strong>Staking for XP Rewards</strong></mark> </td><td>Stakers will receive substantial XP rewards the more tokens they stake and the longer they stake for.</td><td></td><td><a href="/files/kq31TxXpOdvogyPGoAiU">/files/kq31TxXpOdvogyPGoAiU</a></td></tr><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f538">🔸</span> <mark style="background-color:orange;"><strong>Improving Your Token Score</strong></mark> </td><td>Buying more and holding tokens will increase the user's Spaace Score, directly impacting his rewards on the platform.</td><td>Users with a high Token Score will significantly increase the amount of rewards they earn.</td><td><a href="/files/T6S1RS6ej15OESUnaKPV">/files/T6S1RS6ej15OESUnaKPV</a></td></tr><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f538">🔸</span> <mark style="background-color:orange;"><strong>Liquidity Farming</strong></mark> </td><td>Users will earn rewards by providing $SPAACE and ETH to the Liquidity Farming program.</td><td></td><td><a href="/files/S9ptumZJceopqikcrK9I">/files/S9ptumZJceopqikcrK9I</a></td></tr></tbody></table>

***

## :orange\_square: 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 <mark style="background-color:orange;">**automatically swapped into $SPAACE**</mark> multiple times a day - creating a continuous buying pressure directly from the smart contract.

<figure><img src="/files/0A2mKC2fzmd64kHn0ohx" alt=""><figcaption></figcaption></figure>

This will create <mark style="background-color:orange;">**substantial daily buying pressure**</mark> for $SPAACE.

{% hint style="success" %}
Spaace's Cashback rewards will increase trading volume and fees spent in ETH on the marketplace.

This will, in turn, become **daily buying pressure for the $SPAACE token**.
{% endhint %}


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