GM Space Cadet, and happy $SPACE Launch Day. Today we embark on an infinite journey of epic proportions.
In T-Minus 11 minutes, at 1:11pm UTC on June 14th, 2024, staking in the Nounspace fair launch begins.
Visit space.nounspace.com to deposit stETH, earn $SPACE, and begin your journey.
For every block over the next 11 years, depositors will earn their fair share of the $SPACE tokens distributed in proportion to the yield their deposit generates. In 90 days, $SPACE will become claimable on Base, and the yield generated will be used to initiate a $SPACE liquidity pool on a DEX.
The future of social is community owned. Join us as we build this future together.
wtf is Nounspace?
Nounspace is an open source Farcaster client centered around customizability. It’s a space for people, places, and things to create, customize, and explore, and is the Schelling point at the intersection of crypto, social, and AI. Our journey began on April 1 when we received a $100k grant from Nouns in the nouns x farcaster competition.
The v0 of Nounspace is centered around 3 core features:
Themes - Customize the look, feel, and sound of your space with fonts, colors, code, and music.
Fidgets - Embed a growing library of powerful functionality and mini-apps, and customize their style and settings.
Tabs - Multiply the power of Themes and Fidgets by adding additional pages known as Tabs.
Nounspace users will be able to unlock the power of Themes, Fidgets, and Tabs on both their Space (aka profile) as well their Homebase, which is a Space only you can see.
When $SPACE token launches in 90 days, Nounspace will be owned and operated by the community of $SPACE token holders.
Launch Partners
We’re grateful to have some of the top communities in Web3 and Farcaster holding nOGs and signed up to customize their spaces during the upcoming v0 launch of Nounspace.
If you’re part of a community that’s interested in being one of the first to customize their space, mint nOGs here for earliest access and free Nounspace access for life. @nounspaceTom has also minted a handful of the earliest nOGs himself; if you think you’re part of one of the coolest communities in web3, join the discord to let him know why you deserve a free pair.
wtf is $SPACE?
$SPACE is the governance and utility token for Nounspace. It's built on top of the MOR20 standard developed by Morpheus, and includes native crosschain bridging superpowers from LayerZero.
Initially, while stETH staking will take place on Ethereum Mainnet, $SPACE will be distributed on Base Network. Beyond Base, $SPACE is bridgeable to 55+ chains thanks to its implementation of LayerZero’s OFT standard, and we aim to expand staking to additional assets and chains in the near future.
MOR20
MOR20 is a new token and fair launch standard created by Morpheus. For decentralized projects or protocols, the MOR20 standard offers a powerful way to both launch a token, bootstrap liquidity, and equitably distribute your token to Capital Providers as well as any other stakeholder groups.
The Based Space Foundation
The Based Spaced Foundation is an independent organization dedicated to supporting the open source development, growth, and decentralization of Nounspace. Because Nounspace is entirely open source, the Based Space Foundation has no ownership over the Nounspace brand or code, nor does it have any special powers. The Based Space Foundation is responsible for the development of Nounspace so far, and intends to continue developing Nounspace in collaboration with the community indefinitely. However, the Based Space Foundation strategically designed Nounspace to be independent itself, and to be in a position where the community can carry Nounspace forward in any direction they choose, with or without the Foundation.
Each of the following space cadets have played a significant role in nounspace’s achievements:
While they are excited to continue building on this journey as members of both the Based Space Foundation and Space DAO, ultimately the future of Nounspace rests in the hands of $SPACE holders.
How to Earn $SPACE
The journey begins by visting space.nounspace.com
Once you arrive, the process is simple:
Approve and deposit stETH
Earn $SPACE each block
Anytime after 7 days, withdraw stETH instantly
Tokenomics
Supply: 1,100,000,000
Curve: 4,015 days (11 years)
Starting daily emissions: 420,069 $SPACE (84,013.8 per bucket)
Daily emissions decrease: -72.793421654 $SPACE (-14.5586843308 per bucket)
Each of the following stakeholder groups is instrumental to Nounspace’s success, and each will receive an equal 20% of the token emissions upon launch. When Space DAO launches in 90 days, the community of $SPACE holders will have the ability to update these allocations by passing a governance proposal.
Timeline
Fair launch begins: June 14, 1:11pm UTC
Nounspace v0 launch: July 2, 1:11pm UTC
$SPACE LP deployment and claiming on Base: September 12, 1:11pm UTC
