Space Allocates $12.3M for Token Sale Refunds, Prioritizing Small Investors
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 3d ago- Refund Plan Initiated: Space announced on January 25 a $12.3 million refund allocation for its token sale, set to begin on January 27, affecting 4,677 wallets, aimed at enhancing community trust and facilitating future platform deployment.
- Small Investor Priority: In the refund process, 80% of participants will be eligible for refunds of up to 70% of their investments, while 86% can secure 50% back, a strategy designed to protect small investors' interests and bolster market confidence.
- Transparency and Compliance: The refunds will be conducted through on-chain verification, ensuring process transparency and reflecting Space's commitment to investor fairness, emphasizing ethical standards despite past project challenges.
- Positive Market Reaction: The market has shown support for Space's refund initiative, with CoinMarketCap reporting Spacecoin at $0.02 and a market cap of $39.10 million, indicating a 26.63% decline in short-term trading volume, yet long-term potential remains optimistic.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
