Spacecoin, a decentralized physical infrastructure network (DePIN), has launched its SPACE token, marking a key milestone in the company’s plan to create a decentralized satellite internet network, just days after partnering with Trump family-linked decentralized finance project World Liberty Finance.
The token is now available on centralized exchanges including Binance, Kraken and OKX, as well as decentralized platforms such as PancakeSwap and Uniswap.
The token’s price is down approximately 12.2% since its launch, according to data from CoinMarketCap, with a fully diluted value of $357 million, as of press time.
The move follows Spacecoin’s recent partnership with World Liberty Financial that included a token swap and collaboration plans to connect WLFI’s $3.2 billion stablecoin to Spacecoin’s satellite infrastructure.
Together, the projects aim to provide decentralized internet access and financial services to residents in regions where traditional infrastructure is insufficient.
The SPACE token is intended to help finance and coordinate the infrastructure that powers its plans to give people with poor or no broadband coverage a way to get online without relying on telecom companies or governments.
Spacecoin’s first satellites, CTC-0 and CTC-1, have already demonstrated blockchain-based communication from space, the company said. The SPACE token adds a financial layer to this network, allowing users to trade, stake, and participate in governance.
The company said it also issued an airdrop request for early supporters who met the eligibility criteria during promotional campaigns.
