Space, a Solana-based leveraged prediction market, has announced the public sale of its native token SPACE. The sale is scheduled to begin on December 17 at 6:00 PM UTC, with a fundraising target of $2.5 million. According to the published terms, the fully diluted valuation will start at $50 million and can rise to a ceiling of $99 million. The token distribution follows a linear price range from $0.05 to $0.099, and the allocation is set to be 100% unlocked at TGE.
Space describes itself as the first 10x leverage prediction market on Solana, offering trading on real-world outcomes across crypto, politics, sports, technology, and culture. The platform uses a central limit order book, charges 0% maker fees, and adds gamified points, rankings, seasonal airdrops, liquidity incentives, and referral rewards. The team also says 50% of platform revenue will be used to buy back and burn SPACE, while the rest goes to the protocol treasury.
Sale structure starts at $50 million FDV
The public sale uses a variable token distribution model tied to the final clearing price. Contributions first enter at the $50 million FDV floor until the $2.5 million target is reached. After that point, the sale moves into price discovery, with FDV increasing linearly up to $99 million. Once the sale closes, all participants are expected to receive the same final clearing price.
If demand at that final price exceeds the available token allocation, the team says it will manage allocations and return any excess contributions. Accepted assets for participation are USDC, USDT, and SOL. The instructions specify that users should connect a self-custodial wallet, with Phantom listed as the recommended option, and should not send funds directly from a centralized exchange account.
Tier system changes every 24 hours
Space is pairing the sale with a time-based participation tier system. The active tier changes every 24 hours, and earlier commitments are linked to higher tiers and a higher chance of receiving the intended allocation. Those tiers also unlock extra rewards, including bonus token airdrops, faster points accrual across airdrop seasons in Q1 through Q4 2026, lifetime bonuses tied to fees generated by referred users, and reduced trading fees for 12 months.
The company says total contributions are cumulative, but a user only secures a tier if the minimum threshold for that tier is reached during its active window. Once earned, the tier remains attached to the user’s Space profile. The announcement also notes that there is no minimum contribution required to join the public sale itself, though minimum thresholds apply for unlocking tiers and the related rewards.
Backers, token supply, and launch timeline
Space says it previously raised $3 million in seed and strategic financing led by Morningstar Ventures and Arctic Digital. It also states that a round on Echo was 1,360% oversubscribed, with participation from investors on Curated by Impossible Finance.
The project is built by the team behind UFO, which Space says was a CoinMarketCap top 100 project in 2021 and at one point reached a market capitalization of more than $1.5 billion. The total supply of SPACE is listed at 1,000,000,000. Under the published schedule, sale results are set immediately after the sale closes, TGE follows after the public sale, and token claiming is planned for January 2026.