SpaceN (BNB: $SN) is the utility coin of the SpaceN platform, built for the world of NFTs. The SN token has recently exploded in value, hitting a new all-time high on Wednesday, January 29, 2025. In this article, we will take a deep dive into the SN token.
About SpaceN
The SpaceN platform is designed to be the go-to platform for NFTs. It offers various tools for managing, launching, and monitoring your NFT investments. The platform gives users a single window through which they can monitor their NFT portfolios and receive real-time updates.
Other Use Cases
Besides the NFT dashboard for managing NFTs across multiple chains, users can also access information on an NFT project. This includes finding its social media information and other metrics that may be of interest to them. With SpaceN, users can rank NFTs by listing by transaction price, volume, floor price, and various other metrics.
The users of SpaceN can also find information such as list data, transaction data, project party address chain tracking, whale address, holder status, and much more.
With its social media tracking abilities, users of SpaceN can track projects using X, Discord, Medium, public media, and other information. The data is filtered to offer users the high quality information, and the latest developments on a project.
The platform can also be used to create decentralized autonomous organizations (DAOs). Users can join a DAO, and create rules to join, such as having a given NFT.
SpaceN (SN) Tokenomics
The SN token has a total supply of 1 billion tokens. Of these, only 40,010,000 are currently in circulation. The tokens are used for governance, creating subDAO by staking SN, paying for access to creator spaces, burning SN to open a Creator Space.
SN tokens are also used for community incentives to encourage participants to come up with quality information for projects. Additionally, developers who help promote the SpaceN platform will receive these rewards.
The token distribution is quite fair, with 60% of the tokens going toward the incentives program, 12% to the team, 8% to marketing purposes, 10% to investors, and 10% to the foundation. According to their roadmap, they have hit all milestones except the last one, which is the release of the Social Module.
SpaceN (SN) Market Performance
SN tokens have had a great run, rising 524.2% in the past week to $1.50 per token. On Wednesday, January 29, 2025, the tokens rose to a new all-time high of $6.15. Since then, the price has fallen 79% as investors take profit.
Over the past month, the token price is 381.8%, while over the past year, the price is up 285.0%, which is a testament to its staying power. The project’s market cap is $53,762,165 as of Thursday, January 30, 2025, with a fully diluted market cap of $1,343,718,184. SpaceN (SN) tokens are listed on the reputable Gate.io crypto exchange.
Social Media Following
SpaceN has a signficant social media following, with 9,831 followers on X, 8274 members in its Telegram group, 6774 members on Discord, and 976 followers on Medium.
Should You Add SpaceN (SN) Tokens To Your Portfolio?
The NFT industry has seen signs of a resurgence in 2025, with various projects making headlines in the sector, such as Milady. As NFT fever slowly takes hold, it could push the price of SpaceN tokens to new heights. The tokens have already seen a significant surge, rising to a new all-time high in the past 24 hours. Consequently, adding the tokens to your portfolio could potentially yield positive results.
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