What is SpaceN (SN) Token?
2025-12-03
Bittime - SpaceN (SN) tries to provide an easier way to manage Non-fungible Token (NFT) assets. So, what is the SpaceN (SN) token? Check out this article to find out!
How it works, and what benefits it offers. This article is here to help you learn more about the project. Stay tuned for the review!
What is SpaceN (SN)?
SpaceN is an NFT investment management tool designed to help users understand the movement of their assets in real time. The platform works by analyzing user activity on the network, including NFT buying and selling.
The results of this analysis provide a clear picture of the profits, losses, and changes in the value of NFT assets.
Additionally, SpaceN also collects basic information and developments on NFT projects based on market popularity. This way, users can access relevant data without having to travel.
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What is SN Token?
SN Token is the primary token used in the SpaceN ecosystem. It serves as a governance tool and a means of unlocking various features within the platform.
With a maximum total supply of one billion tokens, SN is a vital part of SpaceN community activities.
Its role is not only as a transaction tool, but also as a bridge connecting users with features such as Creator Space, subscription services, and the formation of subDAOs.
The more active users are in utilizing SpaceN features, the greater the functional value of SN Token.
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Tokenomics and Distribution of SN Token
The SN Token distribution is designed to maintain community sustainability. Here's an overview of the distribution:
Community incentives around 60%
The development team is around 12%
Marketing around 8%
Investors around 10%
Base fund is around 10%
With this structure, the greatest focus is placed on community development as SpaceN prioritizes user contributions as the primary driver of the ecosystem.
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SN Token Utility
The SN Token has several important functions within the SpaceN system. Its main utilities are:
1. Community governance
Token holders can vote on features or major decisions within the platform. Vote weight depends on the number of tokens held.
2. Open Creator Space
Users can burn tokens to unlock Creator Spaces, where you can share content like opinions or NFT analysis.
3. Subscription access
Users can pay with SN Tokens to subscribe to Creator Space and view exclusive content.
4. Form a subDAO
By staking SN, users can create subDAOs and determine the direction of their development through a voting system.
5. Community incentives
Contributors who provide quality project information or play an active role in SpaceN development can receive tokens as a token of appreciation.
Read also: X Coin (XCO) vs X (NFT Marketplace): Key Differences
Roadmap SpaceN
SpaceN has a phased development plan since 2022. Here is an outline of their roadmap:
Q1 2022: Development of NFT asset management module and NFT valuation model.
Q2 2022:Release of NFT data module and development of SocialFi concept.
Q3 2022:Release of the SocialFi system and start building a DAO community platform.
Q4 2022:The release of the DAO community platform is an important step to expand user interaction.
This roadmap demonstrates SpaceN's focus on data, social interaction, and more organized community spaces.
Read also: How to Sell NFTs on OpenSea: Turn Photos into NFTs!
Conclusion
SpaceN is a platform that helps users understand and manage NFT assets more easily. With the support of SN Token, users can enjoy a variety of features, from Creator Spaces to the formation of subDAOs.
The community-oriented token distribution gives this project the potential to grow as user participation increases. However, tokens like SN should be treated with caution, as small-cap assets carry a high risk of volatility.
If you want to delve deeper into what SpaceN (SN) token is, understanding its ecosystem is the first step to seeing its potential and risks.
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FAQ
What is SpaceN (SN) token?
SpaceN is an NFT investment management platform, while SN Token is a token used for governance and utility features within the ecosystem.
Is SN Token used for transactions?
Yes, SN Tokens are used to open Creator Spaces, subscribe to content, and even form subDAOs.
What is the maximum supply of SN Token?
The maximum supply is one billion tokens.
What are the risks in using SN Token?
The main risks lie in market volatility and low liquidity due to being a small capitalization asset.
Is SpaceN suitable for beginners?
The platform is designed to be easy to use, but users are still advised to understand the basics of NFTs before getting started.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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