Space is the first prediction market platform on Solana that supports leverage up to 10x, allowing users to earn more profit from predicting real-world events. The project uses a centralized Order Book (CLOB) model similar to current CEX exchanges, providing deep liquidation and a fast trading experience. Let's explore the Space project with Coin68 in the article below.
What is Space? Learn about the first leveraged prediction market on Solana.
What is Space?
Space is a decentralized prediction market platform built on the Solana blockchain. Space's core difference from its competitors lies in its integration of leverage up to 10x, allowing users to earn greater profits compared to traditional betting on other platforms like Polymarket or Kalshi .
What is Space?
Space aims to transform the prediction market into a more familiar trading experience rather than pure gambling. Instead of just making predictions with small amounts of money, users can build strategies, use controlled leverage, and manage risk like on Derivative exchanges, but based on real-world events instead of just Token prices.
Space's highlights
- Leverage up to 10x : Space is the first prediction market on Solana that allows users to use leverage up to 10x to participate in predictions. This mechanism is similar to margin or futures on CEX exchanges. Therefore, users can inflate their bet amount, generating more profit if their prediction is correct.
- Deep liquidation : Space utilizes a CLOB order model, ensuring deep liquidation and enabling accurate and efficient execution of limit and market orders. Simultaneously, the project applies a 0% fee for order placers (makers) to attract market makers and professional traders, thereby increasing the platform's liquidation .
- Optimizing the user experience : Space leverages Solana 's speed and low fees to provide users with a near-instantaneous trading experience. The platform's interface is also designed to be intuitive, focusing on the end-user experience rather than dry technical specifications.
How Space works
Space's operating mechanism is designed to simplify the prediction process while ensuring the transparency and security of the blockchain.
- Market selection : Users access the platform and choose topics they are interested in, such as: What will the price of Bitcoin reach by the end of the month? Who will win tonight's football match? Or global political events.
- Opening a leveraged position : After selecting a predicted outcome, users can customize the leverage level (from 1x to 10x). Space uses collateral (USDC/ USDT/ SOL) to secure these positions on the CLOB Order Book .
- Order processing and liquidation : Thanks to the CLOB model, YES and NO predictions are matched directly between users or with liquidation providers. If the market experiences high volatility, the risk management mechanism will ensure the stability of the system.
- Verification and Payment : Once the event concludes, the results are verified through reputable Oracles . Those who correctly predict will receive their winnings, including any leveraged profits, which will be transferred directly to their personal wallets.
- Buyback and Burn: For each transaction, a portion of the fee is collected. 50% of this fee is transferred to a fund to buy back SPACE Token on the market and burn them, completing the economic cycle of the project.
Development roadmap
Space is focused on expanding its position in the forecasting market segment by 2026:
- December 2025 : Public sale of SPACE Token on the Echo platform, starting at 1:00 AM on December 19, 2025 (Vietnam time).
- January 2026 : Official launch of the prediction platform with full leverage and CLOB features.
- Future : Expanding the predicted market portfolio, integrating advanced SocialFi features such as copy-trading and community market making.
Development team
Space was built by the people behind UFO Gaming, a play-to-earn project that was among the top 100 by market Capital on CoinMarketCap in 2021. However, the project's members are not disclosed; the CEO only uses the name ufoger on social media, and the rest of the members are completely undisclosed.
Ufoger - The alleged CEO of Space and UFO Gaming
Investors
Space investors
Space has successfully raised $3 million in seed and strategic funding rounds from major funds such as Morningstar Ventures, Arctic Digital, and Impossible Finance.
Tokenomics
Token information
Token name | Space |
Symbol | SPACE |
Calcium | Solana |
Contract | Updating... |
Total supply | 1,000,000,000 |
Token allocation ratio
SPACE Token allocation ratio
The SPACE Token is allocated according to the following ratio:
- Community : 50%.
- Investors & Advisors : 14%.
- Development team : 15%.
- Liquidation & Listing : 15%.
- Marketing : 5%.
Token Use Case
Currently, there are no specific Use Case for SPACE; however, the project has committed to allocating 50% of its platform revenue to this Buyback & Burn Token mechanism to create natural demand and reduce circulating supply, directly benefiting long-term Token holders.
Summary
Above is all the information about the Space project. Coin68 hopes that readers have grasped the basic information to better understand the project and its highlights. We wish you more useful knowledge!
Note: The information in this article should not be XEM investment advice, and Coin68 is not responsible for any decisions you make.
