⭐SPACE TOKEN

SpaceFi is the DeFi hub on zkSync Era with DEX+NFT+Spacebase+Launchpad, exploring the Layer2 ecosystem. This paper is our initial vision of SpaceFi tokenomics, including thoughts on distribution, incentives and governance, to allocate SPACE tokens to stakeholders most aligned with the strategic direction of SpaceFi.

📆 Token Release Schedule

SPACE is the utility and governance token of SpaceFi. The Max Supply of SPACE token is 50M on zkSync Era mainnet, with an initial supply of 10M SPACE at genesis for incentive, IDO and strategic reserves. This will balance early contributor incentives and future development needs to pursue long-term benefits with the community.

The daily emission can be adjusted to match the growth of SpaceFi (current daily emission: about 28,512 xSPACE on 2023.11.30). This will allow SPACE to reach the Max Supply of 50M. When reaching, the community can also decide to increase the emission if needed.

*As an initial distribution plan, the token emission, decay rate and schedule can be adjusted through governance.

The allocation of new token released

80%, to the community

• 70%, allocated to mining rewards, for liquidity rewards, staking, trading mining, etc.

• 10%, allocated to DAO treasury, through governance, for ecological construction, strategic cooperation, etc.

*The above ratio can be adjusted to coordinate short-term and long-term interests.

20%, to the dev team

If certain individuals on the initial development team are no longer part of the network, the community may choose to reclaim any unpublished tokens and redirect them to the new program.

The previous adjustments of SpaceFi tokenomics:

2023.06.15: According to community discussions, the development of the bridge between zkSyncEra and Evmos is stopped and closed. The product and token will keep run separately on zkSyncEra and Evmos.

2023.05.06: According to community discussions, the Max Supply of $SPACE was cut from 600M to 100M (on zkSyncEra and Evmos).