The Dawn of Web3 Alpha Community — Introducing SPACE ID Premier Club
There is no doubt that Web3 represents deeper decentralization, empowerment, and inclusivity. The world can feel this radical shift, and so does SPACE ID. As pioneers in this wave, we understand the importance of fostering a strong and vibrant community to bring out the best in Web3. The revolution is ultimately led by the dedication and passion of individuals sticking to the game plan. With this in mind, we are delighted to announce that, here comes the dawn of the Web3 Alpha community — introducing SPACE ID Premier Club! The vision is to unite holders of premium domains under SPACE ID, creating a collective force where ideas flourish, opportunities abound, and each member embodies the essence of Web3 and digital identities.
Are you the proud owner of premium domains (3/4-character .bnb/.arb domains) under SPACE ID? If so, you are now officially a part of our Web3 Alpha community, and we need your passion to become the representation of the face for Web3 and digital identities. In return, we have prepared some special airdrops for you, with more exclusive benefits to come in collaboration with SPACE ID ecosystem partners in the future, as well as the $ID staking feature to unlock further rewards.
Continue reading this blog post for details about the launch airdrop for the SPACE ID Premier Club, and discover all the exciting things awaiting you, Web3 Alphas!
Launch Airdrop Overview
The first round of the exclusive benefits for the members of SPACE ID Premier Club would be the launch airdrop. Here are the general details:
- Total Allocation: 1,843,835 $ID tokens
- Eligible Users: Approximately 5,700 addresses that hold 3/4-character .bnb/.arb domains at the snapshot time.
- Airdrop Claim Window: From 9AM UTC, Mar 11th to 9AM UTC, Apr 11th. Any unclaimed tokens after this period will be returned to the airdrop pool for future rewards.
- Club Link: https://space.id/premier-club
The Distribution Details of the Airdrop
The airdrop consists of two parts:
Part 1: Compensation Due to the Renewal Fee Slash
To be eligible for this part, you must have:
- Renewed, registered for multiple years, or re-registered back any 3/4-character .bnb/.arb domain in the past for a price greater than $5/year.
- Snapshot Time: 8AM UTC, Jan 31st, 2024
For more details, refer to the DAO proposal passed here.
Part 2: Rewards for Holding Premium Domains
Eligibility for this part requires you to:
- Have registered, renewed, or bought any 3/4-character .bnb/.arb domain to become a premium domain holder.
- Holder Snapshot Time: 8AM UTC, Mar 4th, 2024
Holding Reward Calculation Formula
Your holding reward is calculated based on the registration price, multiplied by 0.1, and further boosted by the time to expiration.
- A Premium Domain’s Holding Reward = Registration Price * 0.1 * Time to Expiration Booster
- Time to Expiration Booster:
- An address’ Premium Domains Holding Reward = Sum of each and every Premium Domain’s Reward held in the address
For example, if Alice’s address holds 123.bnb (2 years to expire) and 1234.arb (11 months to expire) at snapshot, her reward is calculated as the sum of these 2 premium domains:
- Reward for 123.bnb = $650 * 0.1 * 25x = $1,625
- Reward for 1234.arb = $100 * 0.1 * 10x = $100
- Alice’s holding reward = $1,625 + $100 = $1,725
As you can see, owning more premium domains and having a longer time to expiration leads to a higher holding reward!
- The final number of $ID token allocation is then calculated by using $ID price of 1 USD per $ID
Last but not least, SPACE ID Premier Club is also ready to unveil the $ID token staking feature for the first time very soon, offering an exclusive opportunity for our members to unlock additional rewards. Stay tuned, Web3 Alphas!
Sooo…don’t hesitate to renew your premium domains on time, and join the robust SPACE ID Premier Club! As the renewal fees for 3/4-character .bnb/.arb domains have been slashed to only $5/year, what’s the wait? Together, let’s unlock the full potential of premium domains in the decentralized web.
See you in the Web3 Alpha Community, AKA SPACE ID Premier Club!
About SPACE ID
SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
