Price
$0.0053
12/7/2022, 7:20:41 PM
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Market

Market stats

Market cap

$1.6M

Volume (24h)

$1,262.14

Circulating supply

307.2M SPC

All time high

$0.47

Price change (1h)

-0.35%

Price change (24h)

-0.21%

Price change (7d)

-7.64%

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SpaceChain is on the decline this week.

The price of SpaceChain has fallen by 7.64% in the past 7 days. The price declined by 0.21% in the last 24 hours. In just the past hour, the price shrunk by 0.35%. The current price is $0.0053 per SPC. SpaceChain is 98.87% below the all time high of $0.47.

The current circulating supply is 307,182,729.622 SPC.

About

What Is SpaceChain (SPC)?

SpaceChain (SPC) is a community-based platform that seeks to allow entrepreneurs worldwide to implement ideas that align with the blockchain-based outer space development ideology. SpaceChain strives to empower individuals to become an essential part of the space revolution by merging blockchain technology with present astronautical resources and capabilities. Also, the platform aims to be a leader in developing solutions that will allow humankind to prosper in the emerging space era.

According to the whitepaper, SpaceChain seeks to solve the issues related to the aerospace industry, such as lack of a democratic space cooperation alliance, lack of public contribution to the industry, and an imbalance between government and commercial enterprises. As a solution, SpaceChain aims to break down existing internal obstacles in the aerospace sector by establishing an alliance between companies and blockchains. Thereby, to achieve this goal, the project intends to create a SpaceChain OS, an operating system that enables a realistic network in space. The SpaceChain OS seeks to encrypt transmitted data with blockchain technology to provide total security while incorporating blockchain into the operating system to ensure that each satellite runs safely.

SPC is the native token of the SpaceChain platform. The SPC token seeks to connect to the SpaceChain OS, allowing developers to upload apps on the network. Additionally, the token intends to enable data and programs to be stored and executed on SpaceChain satellites. Therefore, to run the apps, SPC tokens are required. As a utility token, SPC works similar to a ticket to access an app's feature or storage. 

Further, SpaceChain intends to value the space applications in its decentralized marketplace by utilizing SPC tokens. This utility seeks to give the SPC token a demand and value proposition as it necessitates token usage in the SpaceChain ecosystem.

History of SpaceChain (SPC)

Zee Zheng and Jeff Garzik cofounded the SpaceChain platform in 2017. Zee Zheng serves as the CEO, and Jeff Garzik serves as the CTO of SpaceChain. Garzik is a blockchain pioneer and a former core developer of Bitcoin. In March 2018, the platform completed the SpaceChain OS development.

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FAQ

What is the current price of SpaceChain?

The price of 1 SpaceChain currently costs $0.0053.

What is the market cap of SpaceChain?

The current market cap of SpaceChain is $1.63M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SpaceChain?

The all-time high of SpaceChain is $0.47. This all-time high is highest price paid for SpaceChain since it was launched.

What is the 24 hour trading volume of SpaceChain?

Over the last 24 hours, the trading volume of SpaceChain is $1.26K.

What other assets are similar to SpaceChain?

Assets that have a similar market cap to SpaceChain include MAPS, Project TXA, BSCStation, and many others. To see a full list, see our comparable market cap assets.

How many SpaceChain are there?

The current circulating supply of SpaceChain is 307 million.