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.