Catenaa, Tuesday, January 06, 2026- Space, a leveraged prediction market on Solana, announced the public sale of its native $SPACE token, giving community members direct access to ownership.
The platform, designed for trading real-world outcomes in crypto, sports, politics, and culture, features a central limit order book with zero maker fees and up to 10x leverage.
Fifty percent of platform revenue is allocated to buy back and burn $SPACE, supporting a deflationary model.
$SPACE launched following a $3 million seed and strategic funding round led by Morningstar Ventures and Arctic Digital, with previous oversubscription on Echo.xyz exceeding 1,360%.
The public sale uses a variable token distribution mechanism that sets a final market-clearing price, ensuring all participants pay the same rate while enabling fair price discovery.
Tokens are fully unlocked at the token generation event (TGE) and can be purchased with USDC, USDT, or SOL. The sale begins December 17 at 6:00 PM UTC with a floor valuation of $50 million and a ceiling of $99 million.
Contributions unlock tiers offering bonus airdrops, points multipliers, referral incentives, and trading fee discounts. Oversubscription will be managed to ensure fair allocations and refunds of excess contributions.
Space integrates gamified rewards, referral incentives, and seasonal airdrops to enhance user engagement and retention.
The platform is built by the team behind UFO, a top 100 project in 2021, and aims to provide a sustainable, community-owned foundation for decentralized prediction markets.
