SPACE, a Solana-based prediction market with 10x leverage, launches.

Developed by a team from UFO Gaming, attracting 19.9 billion won in investment, Binance also draws attention.

SPACE, the Solana-based prediction market platform that introduced the world's first 10x leverage, is attracting industry attention ahead of its launch. The project, which aims to address the chronic liquidity issues of existing prediction markets, has proven its credibility by securing over $13.5 million (KRW 19.9 billion) in funding from leading investors.

Polymarket and Hyperliquid Combine to Deliver "Liquidity Innovation"

Space is a next-generation prediction market platform developed by the core team of UFO Gaming, which previously recorded a market capitalization of $1.5 billion (KRW 2.211 trillion).

The platform's most notable feature is its introduction of 10x leverage, a world first for prediction markets. Combining Polymarket's successful model with Hyperliquid's powerful trading engine, this platform aims to fundamentally address the liquidity shortages that have plagued existing prediction markets.

The Space side explained, "The introduction of leverage will enable large positions to be taken with small capital, activating market participation and leading to increased liquidity."

Secure liquidity with CLOB architecture and 0% maker fees.

Spaces employs a Central Limit Order Book (CLOB) architecture. This architecture, commonly used in cryptocurrency exchanges, matches buy and sell orders in real time, enabling tight spreads (the difference between the buy and sell prices) and instant price discovery.

In particular, the maker fee is set at 0% to encourage active participation from liquidity providers. Makers are participants who place orders in advance on the order book. Waiving these fees will encourage more orders to pile up, boosting overall market liquidity.

This structure is expected to solve problems such as 'order execution delays' and 'large price slippage' that existing prediction market platforms have been experiencing.

Echo, Impossible Finance, and others invest $13.5 million… Binance also takes the spotlight.
Space has already established a high level of trust in the market. It has successfully secured over $13.5 million (approximately KRW 19.8 billion) in investment from leading venture capital firms, including Echo and Impossible Finance.

Even more notable is that Binance Research selected Space as the only prediction market project to highlight in the pre-token issuance phase.

The development team's track record is also solid. UFO Gaming, once a prominent blockchain gaming project with a market capitalization of $1.5 billion, is spearheading Spaces' development.

Gamification Rewards + Deflationary Tokens… Mainnet Launch in Q1

To build a sustainable ecosystem, Space has adopted a gamification reward system and a deflationary token model. This structure rewards users for their participation in the prediction market, while simultaneously encouraging long-term value appreciation through a token burn mechanism.

Space plans a token issuance event (TGE) and mainnet launch in the first quarter of this year, with a mobile app also scheduled to launch simultaneously. This strategy aims to establish Space as a popular prediction market platform by ensuring mobile accessibility.

The ongoing public offering is scheduled to end at 9:00 AM on the 17th. The industry is watching closely to see whether Space, with its novel concept of leveraged prediction markets and solid investment background, can emerge as a new powerhouse in the prediction market space, following Polymarket.

Joohoon Choi joohoon@blockstreet.co.kr