Understanding SPACE ID (ID) in April 2025: Is It Worth Your Attention?

Hello, crypto enthusiasts! The crypto market evolves daily, with new technologies and projects entering the scene to revolutionize how we interact with blockchain and digital assets. Today, we’ll dive into one of the most talked-about projects: SPACE ID (ID) Coin. This token has been making waves for its Web3 identity management protocols, its innovative use cases, and its importance in the broader crypto ecosystem. But is it worth your attention? Let’s explore everything you need to know.

Contents

1 What is SPACE ID (ID) Coin?
2 How Does SPACE ID (ID) Coin Work?
3 Why Does SPACE ID (ID) Matter in Crypto?
4 The Current SPACE ID (ID) Coin Stats You Should Know
5 What Should You Do Before Buying SPACE ID (ID) Coin?
6 How to Buy SPACE ID (ID) Coin?
7 The Benefits of SPACE ID (ID) Coin
8 The Risks and Challenges
9 FAQs About SPACE ID (ID) Coin
10 Final Thoughts on SPACE ID (ID) Coin

What is SPACE ID (ID) Coin?

At its core, SPACE ID (ID) is a blockchain-based identity solution that offers a universal name service network, enabling users to discover, register, trade, and manage their Web3 domains. Beyond that, SPACE ID provides an all-in-one identity platform for creating and maintaining Web3 identities, an essential tool as blockchain technologies evolve.

The SPACE ID project addresses the need for Web3 interoperability by offering a Web3 Name SDK and API, granting developers the tools they need to integrate its name services across multiple blockchains. The accompanying ID token plays a major role, functioning as a governance token, a payment system, and a staking mechanism within the SPACE ID ecosystem.

As of today, the live SPACE ID price is $0.1871, with a market cap of $185.18 million and a 24-hour trading volume of $13.6 million, according to [CoinMarketCap](https://coinmarketcap.com/currencies/space-id/).

How Does SPACE ID (ID) Coin Work?

A Universal Name Service Network

SPACE ID’s primary function is to enable seamless management of Web3 domains. Imagine an internet where identity and domain registration isn’t limited to centralized players—SPACE ID disrupts this model by empowering users with control over their digital presence.

Governance Through the ID Token

One of SPACE ID’s strongest selling points is its governance model. With ID tokens, holders can vote on proposals that influence the direction of the project, fostering decentralization and community-driven decision-making.

Payment and Staking Utility

The ID token serves as a payment mechanism within the network and enables discounted staking benefits for users. For example:

Staking ID tokens offers discounts on trading fees within the SPACE ID Domain NFT Marketplace.
It also provides reduced fees for registering Web3 domains.

Why Does SPACE ID (ID) Matter in Crypto?

Let’s face it, the transition from Web2 to Web3 hinges on the seamless integration of blockchain technologies with practical identity solutions. Here’s what sets SPACE ID apart and why it matters:

Seamless User Experience: Managing Web3 identities can be complex, but SPACE ID provides a one-stop platform for handling domains and identities across different chains.
Interoperability: By enabling developers to integrate its Web3 Name SDK, SPACE ID effectively bridges multiple blockchain ecosystems.
Community Governance: Decentralized decision-making ensures that the project aligns with user interests.
Scalability: The ecosystem’s design allows for rapid adoption, particularly for NFT domain marketplaces and decentralized apps.

The Current SPACE ID (ID) Coin Stats You Should Know

If you’re considering investing or using SPACE ID, don’t miss these key statistics:

Current Price (April 2025): $0.1871
Market Cap: $185.18 million
24-hour Volume: $13.6 million
All-time High: $1.83 (89.7% down from ATH)
Circulating Supply: 989.93 million ID tokens (49.5% of its max supply).

(Source: CoinMarketCap)

With prices still far from their previous all-time highs, April 2025 might present a good opportunity for new entries—but always do your own research before investing.

What Should You Do Before Buying SPACE ID (ID) Coin?

When exploring any crypto investment, here are a few steps you shouldn’t skip:

Research the Project: Understand its fundamentals. How does SPACE ID differ from similar projects?
Check the Team and Partnerships: Strong partnerships, such as with Binance (a contributor via Binance Launchpad), instill confidence in its growth potential.
Monitor the Market Price: SPACE ID is relatively affordable in April 2025, making it accessible for entry-level investors.
Use Trusted Platforms: Don’t forget to trade on reliable exchanges like WEEX Exchange or Binance for a smooth and secure experience.
Consider Staking Benefits: If you plan to hold SPACE ID long-term, look at staking opportunities for additional rewards.

How to Buy SPACE ID (ID) Coin?

Want to add SPACE ID (ID) to your portfolio? Follow these steps to ensure a successful and secure transaction:

Choose a Reliable Platform: Exchanges like Binance, KuCoin, and WEEX Exchange support SPACE ID trading pairs like ID/USDT.
Research Before Buying: Check the trading volume, liquidity, and spreads for your preferred platform.
Create an Account: Register or log in to your chosen exchange.
Deposit Funds: Fund your account in USDT for an easy trade.
Place a Market or Limit Order: Enter the ticker “ID” on the exchange and decide whether to buy immediately (market) or set a price (limit order).

The Benefits of SPACE ID (ID) Coin

Enhanced Control Over Web3 Identities: Ownership of a universal blockchain identity.
Decentralized Governance: Voting rights through ID token staking.
Staking Rewards: Discounts and rewards via its NFT marketplace.
Developer Incentives: SDKs and APIs make application integration simpler.

The Risks and Challenges

Market Volatility: SPACE ID’s price could see sharp fluctuations, posing risks for investors. Its all-time low (April 7, 2025) was $0.1507, followed by a partial recovery.
Regulatory Concerns: As digital identity services expand within blockchain spaces, governments may impose stricter oversight.
Adoption Hurdles: Despite its revolutionary offerings, SPACE ID must compete against centralized giants like Google Domains.

FAQs About SPACE ID (ID) Coin

1. What is SPACE ID (ID) Coin used for?

It’s used for Web3 identity management and serves functions such as payment, staking, and governance.

2. Where Can I Buy SPACE ID (ID) Coin?

You can buy it on trusted platforms like Binance, WEEX Exchange, and KuCoin.

3. What should I do before buying SPACE ID?

Research the project thoroughly, monitor its price, follow trusted platforms, and consider staking benefits.

4. When is the best time to invest in SPACE ID?

The best time depends on market trends. With prices far below their peak, April 2025 could be a strong entry point.

5. Can I stake ID tokens?

Yes, staking earns rewards, such as discounts on domain registration and trading fees.

6. What is the market cap of SPACE ID?

As of April 2025, the market cap is $185.18 million.

7. Why is SPACE ID relevant to Web3?

It simplifies identity management across blockchains, accelerating Web3 and decentralization.

8. What risks should users consider?

Users should consider price fluctuations, regulatory challenges, and potential competition from centralized services.

9. Is SPACE ID a good long-term investment?

With strong fundamentals and significant use cases, it holds potential, but always exercise caution with crypto investments.

10. What’s the future of SPACE ID?

Experts predict its influence will grow as Web3, blockchain, and NFTs expand over the next decade.

Final Thoughts on SPACE ID (ID) Coin

SPACE ID (ID) Coin is an ambitious project that’s redefining Web3 identity management. Whether you’re interested in staking benefits, governance participation, or blockchain development, this project offers exciting possibilities. With its price at $0.1871, its role in bridging multiple blockchains could make it a strong contender for long-term growth in cryptocurrency.

Don’t miss that opportunity. If you’re ready to explore investments, check trusted platforms like WEEX Exchange or Binance. Always remember: thorough research and due diligence go a long way! Stay informed, and happy trading!