Space Launches Public Sale for SPACE Token on Solana with 50% Revenue Buyback Mechanism

Space, a leveraged prediction market on Solana, has announced the public sale of its native token, SPACE. The platform incorporates a token flywheel mechanism, allocating 50% of revenue towards buying back and burning SPACE.

Built by the team behind UFO, a project that achieved a $1.5B+ market cap, Space emphasizes community ownership through its public sale, where all participants receive the same price. The sale features a variable distribution model and changing participation tiers every 24 hours, rewarding early contributors with benefits.

Users can participate without a minimum contribution, but must meet tier requirements during active windows. The protocol has raised $3 million, including an oversubscribed round on Echo.xyz, supported by investors like Echo and Impossible Finance. Space aims to enhance decentralized prediction markets with gamified rewards and zero maker fees.