Whitepaper Part 3
Whitepaper Part 3
Whitepaper Part 3
Whitepaper
Decentralized Finance (DeFi) refers to an ecosystem of financial applications that are built
on top of a blockchain. Its common goal is to develop and operate in a decentralized way,
without intermediaries.
According to DeFi Pulse the amount of money invested in DeFi projects soared from
about $950 million in the latter part of May 2020 to more than $9.5 billion by the first
week of September of the same year and have already been deployed (locked-in) across
a variety of DeFi applications that offer decentralized exchange, staking, liquidity mining,
lending and borrowing, monetary banking (e.g. the issuance of stablecoins), tokenization,
or other financial instruments such as derivatives and prediction markets. In that sense,
DeFi is about creating a network of financial services that seamlessly function without the
need for intermediaries that could hold an unfair and inefficient controlling stake in the
operation of the system
However, cryptocurrency and decentralized finance are new concepts that can be
confusing and risky for customers to get involved with. Proposed tools are complex
and young, which hinders access to mainstream adoption. Early 2021, we cannot
yet call this financial architecture “open finance” - when new users have to pass
through difficult loops to participate — hence, the need for simplified interfaces
that democratize DeFi and make it accessible to a larger audience.
Though cryptocurrencies have had great last years, they are yet not completely
mainstream and are still new to many people around the world. The idea behind crypto
faucets is to give free cryptocurrencies to people, so they would take the time to learn
about digital assets and hopefully invest in them.
3- Next Gen Crypto Faucets
Usually, users need to register on a crypto faucet by entering their details along with their
wallet address. After solving a task on the website, the reward earned goes to a micro
wallet: a wallet similar to traditional wallets, but one which is capable of collecting small
amounts of crypto assets by using an off-chain mechanism. This way permits to avoid
blockchain network fees as it uses API endpoints to execute micro-transactions.
Micro Wallets are useful to collect micro-amounts of High Fee Coins like Bitcoin or
Ethereum, but their interest decreases when it comes to collecting other coins with low
fees, as the fee is lower, the minimum required to withdraw from crypto faucets can be
lowered too.
That is why Some Crypto Faucet has chosen to integrate an internal wallet to permits
users to withdraw their crypto directly to the blockchain. It is the case of Final
Autoclaim.
Due to its fully functional network with high scalability, quite low transaction fees, and 3-
second block times, BNB Smart Chain (BSC) has become a leader among Ethereum
rivals.
Binance Smart Chain is the second blockchain launched by the cryptocurrency exchange
Binance. The First Binance Blockchain (Binance Chain) lacks most of Ethereum’s
functionality and flexibility, while the Binance Smart Chain is compatible with the
Ethereum Virtual Machine (EVM) and supports smart contracts.
As a result, developers can launch their Ethereum DApps on the Binance Smart Chain
with minimal configuration, allowing many crypto projects to migrate quickly to the latter
chain to avoid ETH’s high transaction fees.
Binance Smart Chain has seen immense popularity since the beginning of 2021, thanks in
part to congestion issues and high transaction fees on the Ethereum network. All of this
has caused many developers and investors to seek alternatives such as BSC.
In February 2021, the BSC community made the network even more attractive to new
users as a low-cost and stable alternative, doing so by reducing its gas fees from 15 Gwei
to 10 Gwei. This is to counteract the sharp increase in the price of the Binance Coin (BNB),
which exceeded $300 in February 2021.
This is why Binance Smart Chain is actually a nice way:
For Crypto Faucets Users : to learn about Dapp mechanisms and to get access to
DeFi opportunities without paying high fee.
For Crypto Faucets Owners : to take a step towards decentralization by integrating
DeFi features to their website.
Space Token (SPACE) is the very first token who permits users to learn about DeFi while
receiving Bonuses on a crypto faucet like Final Autoclaim.
The smart chain binance is a good way to introduce people to the DeFi, but the costs
remain relatively high, especially when it comes to making micropayments, this is the
case of crypto-faucets as well as all the semi-centralized Micro-Earning crypto services.
If we want to be totally free of centralized systems (MySQL, RESTful API etc) in the world
of micropayment, we need a blockchain capable of performing transactions almost
instantly and with lower costs.
Space Token will be available on different blockchains in the future, to allow third
parties to find the best technology for their business and to improve crypto faucets
user's experience by permitting the transfer of all cryptocurrencies to one or two
public address(es).
Use Cases
1- SPACE as official Final Autoclaim's Utility Token.
Final Autoclaim is a famous crypto earning website which allows users to earn up to 70
different cryptocurrencies. With upon 900,000 members, Final Autoclaim offers many
different ways to earn cryptocurrencies, including surveys completion, staking, app-
installations and video-watching.
Autoclaim reward bonus (from 2% to a 100%) for each Space Token on-chain Holders
Staking reward bonus (from 0.5% to 20%) for each Space Token on-chain Holders
Roll Game reward bonus (from 2% to 100%) for SPACE-BNB LP tokens Holders
Offers and Surveys reward bonus (from 0.5 to 20%) for SPACE-BNB LP tokens
Holders
Up to 108% APR with Space Token On-Chain Staking Pool
Up to 48% APR with Space Token Off-Chain Staking Pool
Discounts for Banners advertisers buying campaigns with SPACE
Discounts for Silver, Gold and Platinum Memberships bought with SPACE
Space Token Payment API for External Third Party Websites.
SPACE distributions to Daily and Weekly XP Contest Winners
Users can complete Daily Social Tasks and get paid in SPACE
As a liquidity provider, you will receive Space Tokens from the exchange contract that
you can then later use to withdraw your funds from the liquidity pool. As long as you
have cryptocurrencies in the liquidity pool, you'll receive part of the fee paid by traders
when they trade coins.
The fee is added to the liquidity pool and distributed proportionally to all current
liquidity providers.
As Liquidity Pools make trading on Decentralized Exchange (DEX) possible, anyone can
become a liquidity provider as long as they can supply an equal amount of both
BNB/BUSD and SPACE to an exchange contract on PancakeSwap, an equal amount of
MATIC and SPACE on Quickswap, or an equal amount of FTM and SPACE on Spooky.
SPACE-BNB pair:
https://pancakeswap.finance/add/BNB/0x9e1170c12fddd3b00fec42ddf4c942565d9be577
SPACE-BUSD pair:
https://pancakeswap.finance/add/0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56/0x9e117
0c12fddd3b00fec42ddf4c942565d9be577
SPACE-MATIC pair:
https://quickswap.exchange/#/add/ETH/0xB53Ec4aCe420a62Cfb75aFdEba600D284777cd65
SPACE-FTM pair:
https://spooky.fi/#/add/FTM/0x5f7f94a1dd7b15594d17543beb8b30b111dd464c
Tokenomics
Development and Marketing
10%
Liquidity
30%
Community Airdrop
15%
Team and Funders Reserve
10%
Planned burns protect the price of SPACE, and maintain the balance between
holders and the Final Autoclaim wallet to support our token distribution model.
Space Tokens will be burned once a month.
Click here to get all the details about the Burn Program.
Listing on
CoinMarketCap and
CoinGecko
Integration to Final
Autoclaim and
Holders Bonuses
Listing on P2PB2B
Token Deployment
on Polygon and
Fantom Network
Listing on
Multichain and
Rango Bridges
Space LP Cross-
Chain Staking
Launched
10000 on-chain holders
100000 on-chain transfers
Roadmap
1- Short Term Roadmap (February to June 2023)
Whitepaper updated
Gitbook created
Listing on Stakecube.net
Contract Migration on
Final Autoclaim
SpaceSwap Release
2- Long Term Roadmap
Mid 2021
Token and Website Launch
Integration to Final Autoclaim
Airdrop Distributions Summer 2021
SPACE Staking & Holder Bonuses on Final
Autoclaim
Listing on P2B CEX
End 2021 Contract Audits and Bots Development
Beta API for crypto faucets Staking Pools Launch
Cross-Chain Contracts
Deployments Listing on CoinMarketCap
Liquidity Added on Quickswap
Listing on Coingecko
Early 2022
Listing on Moonstake.io
Token Launch on Avalanche C-Chain and
Fantom
Public API for third party websites and
crypto faucets
Mid 2022
Space LP Cross-Chain Staking
Launched on Final Autoclaim
Liquidity Added on Spooky
End 2022
Early 2023
SPACE BNB Chain contract
migration and airdrops
Listing on Stakecube
New SPACE launch on a BNB
Mid 2023
Chain AMM SpaceSwap Launch
Contract Update on Trackers
End 2023
Space DAO
NFT Marketplace ?)
BSCscan https://bscscan.com/token/0x9e1170c12fddd3b00fec42d
df4c942565d9be577
PancakeSwap https://exchange.pancakeswap.finance/#/swap?
outputCurrency=0x9e1170c12fddd3b00fec42ddf4c94256
5d9be577
Quickswap https://quickswap.exchange/#/swap?
outputCurrency=0xb53ec4ace420a62cfb75afdeba600d28
4777cd65
Spooky https://spooky.fi/#/swap?
outputCurrency=0x5f7f94a1dd7b15594d17543beb8b30b
111dd464c
Chart https://charts.bogged.finance/?
token=0x9e1170c12fddd3b00fec42ddf4c942565d9be577
Links and Social Networks
Website https://spacetoken.tech/
Twitter https://twitter.com/SpaceTokenBSC
Telegram https://t.me/SpaceTokenBSC
Medium https://space-token.medium.com/
Reddit https://www.reddit.com/r/SpaceToken/new/
Discord https://discord.gg/3PPhDwzbXd
Crypto Faucets:
DogeMate
Contact us:
[email protected]
Partnerships
Centralised Exchanges:
Wallets:
Contact us:
[email protected]