SPACE ID: The number of tokens dropped to early adopters accounts for 2.1% of the total ID

On March 16th, the decentralized identity agreement SPACE ID announced that its total supply of Token IDs was 2 billion, with 10% of the total supply reserved for community airdrops. 21% of community airdrops (2.1% of the total supply) would be eligible to apply for SPACE ID for all early adopters. The remaining portion of the airdrop allocation will be reserved for contributors in future activities and will be gradually released.

Interpretation of this information:

The announcement made by SPACE ID on March 16th reveals important details about the token distribution mechanism of this decentralized identity agreement. The total supply of Token IDs is set at 2 billion, and 10% of this supply is being reserved for community airdrops. This puts the number of Token IDs reserved for airdrops at 200 million.

Of this amount, 21% is being made available to early adopters of SPACE ID, which translates to 42 million Token IDs. This is a significant allocation dedicated to those who adopt the technology early on and could be seen as a way to incentivize people to embrace SPACE ID. The remaining Token IDs reserved for airdrops will be released gradually as more community activities take place. These activities would require individuals to contribute to the development of the SPACE ID ecosystem in different ways, such as creating tutorials, building apps, or providing feedback.

It is worth noting that community airdrops are becoming increasingly popular in the cryptocurrency industry. They are a marketing strategy that startups use to raise awareness of their projects and to create a sense of community around them. By giving away tokens for free or in exchange for small contributions, startups can incentivize people to engage with their platform and potentially become long-term supporters.

In the case of SPACE ID, the airdrop program seems to be part of a larger effort to establish a decentralized identity system that protects users’ privacy and enables them to control their personal data. By distributing Token IDs through airdrops, SPACE ID is giving people a chance to try out its technology and become part of its community without requiring them to invest any money.

In summary, the announcement made by SPACE ID on March 16th provides some insight into how the project plans to distribute its Token IDs. 10% of the total supply is being reserved for community airdrops, and 21% of this allocation is being made available to early adopters. The remaining Token IDs will be released gradually as a reward for contributing to the development of the SPACE ID ecosystem.