The new coin listed today on Binance ALPHA is $SPACE, a regular ALPHA listing project
1. Launch Time
Listing on Kraken, Bitget, KuCoin, and other second-tier exchanges at 20:00, expected to list on Binance ALPHA at 18:00
2. Project Overview and Financing Situation
Spacecoin is a satellite-based decentralized internet network aimed at providing reliable, permissionless internet connectivity globally. Spacecoin plans to offer services in target countries such as Nigeria, Indonesia, and India, with user fees as low as $1-2 per month.
No financing information disclosed on rootdata
3. Economic Model and Market Capitalization Situation
Total supply of 21 billion, circulating supply of 2.15 billion, the project party pre-added 500,000 USD to pool 1, price 0.004U, corresponding to a circulating market value of 8.6 million.
Ecosystem: 20%
First quarter airdrop: 5% (TGE unlocks 1.25%)
Second quarter airdrop: 6%
Satellite node reward: 10%
VPN reward: 5%
Foundation: 15%
Operations: 5%
Market: 5%
Development: 5%
Liquidity: 9% (TGE fully unlocked)
Investors: 10%
Advisors: 5%
Four, opening operation
Potential positive factors:
1. There is interaction with the Trump family $WLFI , mentioning mutual exchange of tokens, which can be considered a form of endorsement.
2. Collaborating with $ASTER is the Rocket Launch Round 7 project. Generally, with this collaboration, the price can stabilize, and there is an opportunity at the Binance contract position.
3. Starting with USD1 as the base pool can be considered as the first ALPHA project to do so. I don't know if $WLFI will continue to speak out for the project in the future and provide some hype information.
4. The project party claims to have already launched 4 satellites. If true, the company should have some capability, but this field is too unfamiliar, and I don't understand it well; I can only feel that it seems quite impressive.
However, there are many potential negative factors. The financing situation has not been disclosed, and the project party lacks endorsements and support from institutions in the industry. The DePIN project has basically been discredited, and the project has little voice in the community, feeling like an outside company team that forcibly combined the DePIN concept to come in and issue a token.
Overall, the project still has a certain level of playability, and it is not a purely worthless product. The price of 0.004U corresponds to a circulating market value of 8.6 million, which is considered reasonable. If it can open around this position, I will consider buying some and taking a gamble with a stop-loss.
