Spacecoin, the decentralized physical infrastructure network (DePIN), has launched the SPACE token, marking a significant step in the company’s plans to build a decentralized satellite internet network, just days after partnering with World Liberty Finance, a decentralized finance project linked to the Trump family.
The token is currently available on centralized exchanges such as Binance, Kraken, and OKX, as well as decentralized platforms such as PancakeSwap and Uniswap.
According to data from CoinMarketCap, the token price has fallen approximately 12.2% since its launch, giving it a fully diluted value of $357 million at the time of issuance.
The move follows Spacecoin’s recent partnership with World Liberty Financial, which includes a token swap and a joint plan to connect WLFI’s $3.2 billion stablecoin with Spacecoin’s satellite infrastructure.
Together, these projects aim to provide decentralized internet access and financial services to people in areas that lack traditional infrastructure.
The SPACE token is intended to help fund and coordinate infrastructure that powers plans to provide people with weak or no broadband coverage a way to get online without relying on carriers or governments.
Spacecoin’s first satellite, $CTC-0 and $CTC-1 has already demonstrated blockchain-based communications from space, the company said. The SPACE token adds a financial layer to that network, allowing users to participate in trading, staking, and governance.
The company also said it has started airdrop claims for early supporters who meet eligibility requirements during the promotional campaign.
