Space launches SPACE token sale for Solana-based 10x leveraged prediction markets
Space, a Solana-based leveraged prediction market from the team behind UFO, has opened a public sale of its native SPACE token on December 17, with the platform launch targeted for January 2026. The protocol uses a Central Limit Order Book (CLOB) with zero maker fees and offers up to 10x leverage for predictions across crypto, politics, sports, tech and culture. Total supply is 1,000,000,000 SPACE. The public sale follows a market‑clearing price model: sales begin at a floor fully diluted valuation (FDV) and move through price discovery toward a capped ceiling FDV; all buyers pay the same clearing price, and oversubscriptions trigger pro rata allocations and refunds. The sale features time‑limited tiers that grant bonuses (airdrops, points multipliers, lifetime referral multipliers and fee discounts) to earlier contributors who meet minimum contributions within each 24‑hour window. Key sale mechanics: floor FDV ~ $50M, ceiling FDV ~ $99M, target raise $2.5M, linear FDV curve from $0.05 to $0.099, accepts USDC/USDT/SOL, and there is no min/max contribution for the sale itself though tiers require minimums to claim rewards. Crucially for traders: 100% of purchased tokens are unlocked at token generation event (TGE) — no vesting — and the protocol commits 50% of platform revenue to buybacks and burns of SPACE, with the other 50% to the treasury. Backers include Morningstar Ventures and Arctic Digital; prior rounds were heavily oversubscribed on Echo.xyz. Recommended participation path: use a self‑custodial wallet (Phantom recommended), contribute via the sale site (sale.into.space), and avoid sending funds from centralized exchanges. Traders should note the combination of a market‑clearing sale price, full immediate unlock, and a buyback‑and‑burn revenue split — factors that could create high short‑term volatility and potential medium‑term deflationary pressure on SPACE.
Neutral
The sale structure and tokenomics produce mixed price signals. Positive elements: a market‑clearing sale that can discover a true market price, institutional backing and a committed 50% revenue buyback‑and‑burn policy that creates medium‑term deflationary pressure on SPACE. Negative elements: 100% token unlock at TGE (no vesting) creates immediate selling pressure and high short‑term volatility risk, especially after an oversubscribed private/seed history. For traders, expect large intraday moves around TGE and listing as early holders may sell immediately. Over the medium term, buyback‑and‑burn plus product launch and user adoption could be supportive. Net effect on SPACE price is therefore neutral in classification: high short‑term volatility (uncertain direction) with possible bullish bias later if revenue and usage materialize.