Space token sale offers leveraged prediction markets on Solana

Solana-based prediction market Space launches its SPACE token sale with variable pricing, leveraged CLOB trading, buyback-and-burn tokenomics and tiered rewards.

Space, a leveraged prediction market platform built on the Solana blockchain, announced Tuesday the public sale of its native token, SPACE, scheduled to begin December 17 at 6:00 PM UTC.

The platform allows users to trade predictions on real-world outcomes across cryptocurrency, politics, sports, technology and culture with up to 10x leverage, according to the company’s announcement.

Space operates with a tokenomics model allocating half of platform revenue to token buyback and burn mechanisms, while the remaining half goes to the protocol treasury, the company stated. The total token supply is set at 1 billion SPACE tokens.

The platform was developed by the team behind UFO, a cryptocurrency project that achieved significant market capitalization in 2021, according to the announcement.

Solana and Space market offering

Space’s technical features include a central limit order book with zero maker fees, up to 10x leverage on predictions, gamified points and ranking systems with seasonal airdrops, and liquidity and referral rewards, the company reported.

The project secured seed and strategic funding led by Morningstar Ventures and Arctic Digital, with additional participation from Echo and Curated by Impossible Finance, according to the announcement. The Echo round was reportedly oversubscribed.

The public sale will employ a variable token distribution model, with tokens distributed based on a final market-clearing price to ensure all participants receive identical pricing, the company stated. The sale will begin at a floor valuation and remain at that level until reaching an initial target. Following that threshold, the sale enters price discovery with the fully diluted valuation increasing linearly to a predetermined ceiling.

At the sale’s conclusion, all participants will pay the same clearing price, according to the announcement. If demand exceeds available tokens at the final price, the company stated it will manage allocations and refund excess contributions.

The sale incorporates a tiered participation structure based on timing, with earlier commitments receiving higher tiers. Higher tiers provide increased allocation likelihood and unlock bonus airdrops, lifetime platform perks and benefits, the company reported. Tier benefits include bonus token airdrops, points multipliers, lifetime referral multipliers on trading fees, and a 12-month trading fee discount.

A minimum contribution is required to unlock tier rewards, though no minimum is required for basic sale participation, according to the announcement. Users’ contributions are cumulative, but tier achievement requires meeting the minimum during the tier’s active 24-hour window. Once secured, tiers transfer permanently to users’ Space profiles.

In cases of oversubscription, the company stated it will manage allocations to ensure fairness, with refund criteria to be disclosed after the sale concludes.

Refunds will be issued immediately following the sale’s close, according to the announcement. The token generation event will occur after the public sale, with platform launch scheduled for January 2026.

Participation requires a self-custodial wallet, with Phantom recommended, and desktop access for optimal experience, the company stated. The announcement specified that users should not send contributions from centralized exchanges.

Space aims to address liquidity challenges common in prediction markets through its combination of central limit order book technology, leverage options and zero maker fees, according to the company.