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SpaceN

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Discover SpaceN's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is SpaceN?

SpaceN (SN) is a cryptocurrency that operates on a blockchain, a decentralized and secure database system. It is primarily used as an NFT one-stop investment management tool, providing users with real-time investment income information, project dynamics, and social connections based on NFT holdings. The platform also enables users to create self-organized DAOs and sell their own NFTs.

How is SpaceN used?

SpaceN (SN) is an NFT management platform that allows users to track and understand changes in their owned NFTs. The platform reunites information and project details of NFT projects, making it easier for users to access information in a single place. The SN coin serves as payment for using the platform or accessing this information.

How do I store SpaceN?

To store SpaceN (SN) tokens securely, you have several options:

Storing in a Cold Wallet
  1. Acquire a cold storage device: Choose a reliable cold wallet like Trezor Model T or Ledger Nano X.
  2. Download the corresponding software: Install the software for your chosen cold wallet on your PC.
  3. Save your recovery (seed) phrase: Memorize this phrase to avoid losing access to your crypto.
  4. Create a new wallet address: Generate a new address for each crypto you want to store.
  5. Send your crypto to the cold storage wallet: Ensure you send your SN tokens to the correct address to avoid loss.
Storing in a Hot Wallet
  1. Set up your preferred hot wallet: Choose a reliable hot wallet and complete the setup process.
  2. Complete KYC requirements: Many hot wallets require Know-Your-Customer verification.
  3. Check if your preferred hot wallet supports SN: Ensure the wallet supports SpaceN tokens.
  4. Deposit your crypto: Send your SN tokens to the hot wallet address.
Storing in a Paper Wallet
  1. Access a malware-free computer: Use a secure computer for this process.
  2. Visit a paper wallet generator site: Generate the necessary credentials, including private and public keys.
  3. Generate an address: Select the number of addresses you want to generate.
  4. Print out your paper wallet: Fold the wallet to keep the private key secure.
  5. Send crypto to your paper wallet: Store the wallet securely, away from damaging elements.
Additional Tips
  • Research the wallet/exchange: Conduct thorough background checks to avoid scams.
  • Sign up with necessary details: Provide required information, including KYC documents, to open a cryptocurrency account.
  • Keep your recovery phrase and wallet addresses secure: Losing this information can result in permanent loss of your crypto assets.

By following these steps, you can securely store your SpaceN (SN) tokens in a cold, hot, or paper wallet.

How to buy SpaceN?

To buy SpaceN (SN) tokens, you need to follow these steps:

  1. Choose a Centralized Exchange (CEX): Select a reliable CEX that supports SpaceN trading, such as Binance or Gate.io.

  2. Register and Verify Your Account: Create an account on the chosen CEX's website or app. Verify your identity by providing a government-issued identification document and enable two-step verification for security.

  3. Buy a Base Cryptocurrency: Use fiat to purchase a base cryptocurrency like USDT, ETH, or BNB. This can be done through the CEX's OTC trading service or financial platforms like PayPal or Robinhood.

  1. Transfer Base Cryptocurrency: Transfer the purchased base cryptocurrency to the CEX that supports SpaceN trading.

  2. Buy SpaceN: Use the base cryptocurrency to buy SpaceN in the spot market. For example, you can trade USDT for SN on the SN/USDT pair.

  3. Store Your SpaceN: After purchasing, you can store your SpaceN tokens on the exchange or transfer them to a personal wallet.

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History of SpaceN

The history of SpaceN (SN) is a significant aspect of understanding this cryptocurrency. Although SpaceN is a fictional cryptocurrency, it is often used as an educational resource to discuss crypto asset investment, trading, and market understanding. It does not have real financial value or a presence in any cryptocurrency exchange.

Despite being fictional, SpaceN has a comprehensive price history chart that can be analyzed to make smart decisions based on price metrics. Historical data includes open and close prices, trading volume, and market capitalization, which can be sorted by date range.

The current market statistics for SpaceN include a market capitalization of $15.37 million, a 24-hour trading volume of $16,326, and a circulating supply of 40,010,000 SN. The total supply is capped at 1,000,000,000 SN.

SpaceN's price performance has seen significant fluctuations, with an all-time high of $2.22 on August 9, 2023, and an all-time low of $0.04999 on October 12, 2022. The current price is around $0.384043, with a 24-hour price change of -2.23%.

The project aims to provide an NFT one-stop investment management tool, automating investment income tracking, and offering a platform for users to build self-organized DAOs and sell their own NFTs. It also facilitates users in finding like-minded NFT holders or traders through social circles based on NFT holdings.

Overall, while SpaceN is not a real cryptocurrency, its fictional nature allows it to serve as a valuable educational tool for understanding the dynamics of the cryptocurrency market.

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How SpaceN works

The crypto SpaceN (SN) is a cryptocurrency project that operates within the broader crypto space. Here's an overview of how it works:

Key Components
  • Blockchain: The SN operates on a blockchain, which is a decentralized, distributed ledger that records transactions securely and transparently. This ledger is maintained by a network of computers rather than a central authority, ensuring the integrity and immutability of the data.

  • Smart Contracts: The SN likely employs smart contracts, which are self-executing programs that automate specific rules and processes. These contracts are stored and executed on the blockchain, allowing for decentralized and trustless interactions.

  • Tokens: The SN has its own token, which is a digital asset that represents value within the network. Tokens can be used for various purposes such as transactions, voting, or accessing specific services.

  • Wallets: Users interact with the SN through digital wallets, which store the private and public keys needed to access and manage tokens. Wallets provide a secure and convenient way to view and manage digital assets.
Functionality
  • Transactions: Users can send and receive tokens within the SN network. These transactions are verified by validators and recorded on the blockchain, ensuring their validity and security.

  • Consensus Mechanism: The SN likely uses a consensus mechanism such as proof-of-stake (PoS) or proof-of-work (PoW) to ensure the integrity of the blockchain. Validators or miners participate in this process to validate transactions and create new blocks, earning rewards in the process.

  • Decentralized Applications (dApps): The SN may support decentralized applications that utilize smart contracts to provide various services such as decentralized finance (DeFi), gaming, or social media platforms.

Security and Scalability
  • Cryptography: The SN employs cryptographic techniques such as hashing algorithms (e.g., SHA-256) to secure transactions and protect user data.

  • Layer 2 Scaling Solutions: To improve scalability, the SN might utilize layer 2 scaling solutions that sit on top of the main blockchain, aggregating data to make transactions faster and cheaper.

Community and Development
  • Crypto Space: The SN is part of the broader crypto space, which includes enthusiasts, developers, and stakeholders who contribute to the growth and adoption of cryptocurrencies and blockchain technology.

  • Testnet: The SN likely has a testnet, a testing environment where developers can deploy and test smart contracts and other features before deploying them on the main network.

Investment and Trading
  • Token Trading: The SN token can be traded on cryptocurrency exchanges, allowing users to buy, sell, and speculate on its value.

  • Investment Opportunities: The SN token can be used to access various investment opportunities such as DeFi services, lending, or other financial instruments.

Overall, the crypto SpaceN operates as a decentralized network that enables secure, transparent, and trustless transactions and interactions. Its functionality is built around smart contracts, tokens, and a blockchain, with a focus on security, scalability, and community engagement.

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SpaceN's strengths

The token SpaceN (SN) has several strengths that contribute to its value and potential for investors:

  1. Governance and Community Involvement: SpaceN is the governance token of the SpaceN platform, allowing holders to participate in voting on platform features and fees. This level of community involvement can foster a sense of ownership and encourage users to contribute to the platform's development.

  2. NFT Investment Management: SpaceN provides a one-stop investment management tool for NFTs, automatically analyzing user behavior and counting investment income. This feature helps users understand the changes in their NFT assets and make informed decisions.

  3. Creator Space and Content Monetization: Users can open Creator Spaces by burning SN tokens, where they can post content and set fees for other users to view. This feature allows creators to monetize their content and engage with their audience more effectively.

  1. SubDAO Creation and Voting: By staking SN tokens, users can create subDAOs and participate in voting to determine their development. This decentralized governance model promotes community-driven decision-making.

  2. Community Incentives and Rewards: SpaceN rewards community members who provide high-quality project information and contribute to the platform's promotion. This incentivizes users to actively engage with the platform and support its growth.

These strengths highlight SpaceN's potential to become a comprehensive platform for NFT investment management, community engagement, and decentralized governance.

SpaceN's risks

SpaceN (SN), a cryptocurrency project, is exposed to various financial risks that can impact its value and stability. These risks are inherent to the space industry and the broader financial landscape. Here are some key financial risks associated with SpaceN:

Cybersecurity Threats

Cybersecurity threats are a significant concern for SpaceN, as they can compromise the security of the project's infrastructure and assets. Cyberattacks can result in the loss of sensitive data, financial losses, and reputational damage. The increasing reliance on digital technologies in the space industry heightens the risk of cyber threats, making robust security measures essential for SpaceN.

Space Debris and Collision Risks

The growing number of satellites in orbit increases the risk of collisions and space debris. This can lead to significant financial losses if SpaceN's assets are damaged or destroyed. The financial impact of such events can be substantial, and the project must consider these risks in its financial planning.

Regulatory and Legal Challenges

The space industry is subject to evolving regulations and legal frameworks. SpaceN must navigate these complexities to ensure compliance and avoid legal and financial repercussions. Changes in regulations can impact the project's operations, revenue streams, and overall financial stability.

Funding and Financial Risk

SpaceN, like other space industry projects, faces funding and financial risks. The project must secure sufficient funding to support its operations, research, and development. Financial risks, such as market volatility and liquidity issues, can also impact the project's financial stability.

Global Economic Risks

The global economy is subject to various risks, including divergent economic recoveries, digital inequality, and cybersecurity failures. These risks can have far-reaching impacts on the space industry and SpaceN, affecting its financial performance and stability.

Insurance and Risk Assessment

The space industry, including SpaceN, relies on insurance and risk assessment to mitigate financial risks. Effective risk assessment and insurance coverage are crucial to managing the financial implications of risks such as cyber threats, space debris, and regulatory challenges.

In summary, SpaceN faces a range of financial risks, including cybersecurity threats, space debris and collision risks, regulatory and legal challenges, funding and financial risks, and global economic risks. Effective risk management and mitigation strategies are essential to ensuring the financial stability and success of the project.

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Did SpaceN raise funds?

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SpaceN's ecosystem

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SpaceN’s team

  • Takahisa Karita: Co-Founder and CFO of Unify Platform AG, involved in establishing the world's first "Crypto Space Bank" alongside IKAR Holdings.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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