Spacecoin, a decentralized physical infrastructure network (DePIN), has launched its SPACE token just days after partnering with Trump family-related decentralized finance project World Liberty Finance, marking a key step in the company’s plans to create a decentralized satellite internet.
The token is now listed on centralized exchanges such as Binance, Kraken and OKX, as well as decentralized platforms such as PancakeSwap and Uniswap.
The token’s price has fallen approximately 12.2% since its launch, with a fully diluted value of $357 million at the time of publication, according to CoinMarketCap data.
This follows Spacecoin’s recent partnership with World Liberty Financial, which includes a token swap and plans to connect WLFI’s $3.2 billion $1 stablecoin to Spacecoin’s satellite infrastructure.
These projects aim to provide decentralized internet access and financial services to people in areas where traditional infrastructure is inadequate.
The SPACE token is designed to help fund and coordinate the infrastructure that supports its plans, giving people with poor or no broadband coverage a way to get online without relying on telcos or governments.
Spacecoin’s first satellites, CTC-0 and CTC-1, have demonstrated blockchain-based space communications, the company said. The SPACE token adds a financial layer to the network, enabling users to trade, stake and participate in governance.
The company said it has also started applying for airdrops for early backers who meet the eligibility requirements during the promotion.