Decentralized Identity Agreement SPACE ID Issues Clarification on Surge in Domain Registrations

03/20/2023 11:43 • NFT Newsflash • 118 views

On March 20th, the official community of the decentralized identity agreement SPACE ID issued a clarification regarding the surge in the number of domain name registrations in the days before March 14th, stating that the surge in the number of domain name registrations in the days before March 14th was not the result of the SPACE ID team. Based on detailed analysis and due diligence, SPACE ID changed the snapshot time of this round of air drop from March 14 to 2PM (UTC) on March 10. And will add 5.6 million ID Token airdrops, and this part is only based on the weight allocation of the length of time the domain name is held. Due to changes in snapshot time and the number of new air drops, eligible users will receive a total of approximately 7.6 million ID Tokens, which means that the number of air drops per person will increase.

SPACE ID Announces Airdrop Snapshot Time Changed to March 10th

Introduction

On March 20th, the official community of the decentralized identity agreement SPACE ID issued a clarification regarding the surge in the number of domain name registrations in the days before March 14th. Though it was initially assumed that this surge was linked to the actions of the SPACE ID team, the community statement clarified that this was not the case.

Background

The rise in domain registrations was first noted on March 14th, as the community began to see a significant uptick in the number of registrations within a short period of time. This led to concerns that the SPACE ID team was taking advantage of the situation to unfairly increase the number of ID Tokens distributed.
While others in the blockchain community were quick to point out that such a tactic would be both detrimental to the integrity of the SPACE ID platform and potentially counterproductive in the long term, the team at SPACE ID still felt compelled to issue a clarification.

Clarification and Changes

After conducting a detailed analysis and due diligence, the SPACE ID team determined that the surge in the number of domain name registrations before March 14th was not the result of any action taken by the team itself. They then announced that they would be changing the snapshot time of the current round of air drops from March 14th to 2PM (UTC) on March 10th.
This change would allow the team to add 5.6 million ID Token airdrops, which would be allocated based on the weight of the length of time the domain name was held. This means that eligible users will now receive a total of approximately 7.6 million ID Tokens. Not only will this increase the number of air drops per person, but it will also ensure that the distribution of ID Tokens is fair and transparent.

Conclusion

In conclusion, the recent surge in domain registrations before March 14th was not the result of any action taken by the SPACE ID team. They have made adjustments to their air drop strategy to ensure that eligible users receive a total of approximately 7.6 million ID Tokens, which means an increase in the number of air drops per person. This decision not only ensures a fair and transparent distribution but also demonstrates the team’s commitment to maintaining the integrity of the platform.

FAQs

**Q. What is SPACE ID?**
A. SPACE ID is a decentralized identity agreement that is built on the blockchain. It allows users to keep their personal information safe and secure while still being able to participate in blockchain activities.
**Q. Why did the surge of domain registrations cause concern?**
A. The rise in domain registrations led to concerns that the SPACE ID team was taking advantage of the situation to unfairly increase the number of ID Tokens distributed.
**Q. How does the change in snapshot time affect the ID Token airdrops?**
A. The change in snapshot time allows the team to add 5.6 million ID Token airdrops, which will be allocated based on the weight of the length of time the domain name is held. This means that eligible users will receive a total of approximately 7.6 million ID Tokens.

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