TechFlow, on December 17, the Solana-based prediction market project Space announced that the public sale of $SPACE will commence on December 17 at 18:00 UTC (02:00 AM, December 18, 2025 Beijing time). This public sale adopts a fair price discovery mechanism where all participants purchase tokens at the same final clearing price, with 100% token unlocking at TGE. The fundraising target is $2.5 million, with a valuation range of $50 million to $99 million FDV.
Space is positioned as a prediction market supporting up to 10x leverage, covering real-world events such as crypto, macroeconomics, politics, and sports. It utilizes a CLOB order book and offers 0% maker fees. The project features a token flywheel mechanism, with 50% of platform revenue allocated to buy back and burn $SPACE. The Space team originates from UFO, a project that once reached a market cap exceeding $1.5 billion in 2021, and the platform plans to officially launch in January 2026.
