Spacecoin, a decentralized physical infrastructure network (DePIN), has launched its SPACE token, marking a key step in the company’s plan to create a decentralized satellite internet network, just days after partnering with the Trump family-linked decentralized finance project World Liberty Finance.
The token is now live across centralized exchanges, including Binance, Kraken, and OKX, as well as on decentralized platforms such as PancakeSwap and Uniswap.
The token’s price is down around 12.2% since its launch, according to CoinMarketCap data, with a fully diluted value of $357 million, at the time of publication.
The move comes after Spacecoin’s recent partnership with World Liberty Financial that included a token swap and collaborative plans to connect WLFI’s $3.2 billion USD1 stablecoin with Spacecoin’s satellite infrastructure.
Together, the projects aim to offer decentralized internet access and financial services to people in regions where traditional infrastructure falls short.
The SPACE token is intended to help fund and coordinate the infrastructure powering its plans to give people with weak or no broadband coverage a way to get online without relying on telecom companies or governments.
Spacecoin’s first satellites, CTC-0 and CTC-1, have already demonstrated blockchain-based communication from space, the company said. The SPACE token adds a financial layer to that network, enabling users to trade, stake, and participate in governance.
The company said it has also started an airdrop claim for early supporters who met eligibility requirements during promotional campaigns.