SpaceFi Crypto Platform

Another product of SpaceFi is Farm. Through Space Farms, users have the opportunity to earn SPACE (token) rewards by staking various assets such as single coins, LP tokens (liquidity pool tokens), NFTs, and more. Each farm pool (Single Pool, Lp Pool, and NFT Pool) offers its own Annual Percentage Rate (APR), which is determined by factors such as the value of the staked tokens, the reward weight assigned to them, and the price of SPACE.

Space NFT is a function on the SpaceFi platform. Before all that, let me give you some information about NFT. NFT stands for a non-fungible token, representing a concept in the world of crypto assets that distinguishes them from fungible tokens (FTs) which are uniform and interchangeable.

In contrast, NFTs are unique assets that require distinct identification. They include various items, including collectibles, numbered props, differentiated financial interests, and more. In this context, Space NFT provides us with a variety of different functions and values of NFTs in three Space NFT concepts.

Primary NFT is Type 1 Common Planet NFT. With 9 different types of Common Planet NFTs, you can mint Type 2 Unique Planet NFT. After collecting 5-10 different Unique Planet NFTs, users deserve to mint an Exclusive Star Sign NFT (Type 3).

When it comes to tokenomics, we can mention three types of tokens: SPACE token, xSPACE token, and xEVMOS token. SPACE token is the utility and governance token on the SpaceFi platform. xSPACE is an escrowed governance token within the SpaceFi ecosystem, designed to be non-transferable. It can be obtained by converting SPACE tokens at a 1:1 ratio, with a 30-day locking period. xEVMOS is a non-tradable reward token that is obtained through a 1:1 conversion from EVMOS tokens granted by the Evmos community pool.

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