SPACE ID is building a common name service network that provides a one-stop identity platform for discovering, registering, trading and managing Web3 domains. It also covers a Web3 Name SDK and API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create their own Web3 identities.ID is the native token of the SPACE ID ecosystem and is used for the following functions.Pledge: Pledge ID tokens to receive discounts on SPACE ID domain NFT marketplace transaction fees and discounts on Web3 domain registrations on SPACE ID.Payments: Used as a means of payment within the SPACE ID ecosystem and for Web3 name SDK integration.Governance: Users can participate in SPACE ID DAO proposals.