Spacecoin: A Decentralized Connectivity Network

What is Spacecoin

Friends, imagine this: when we access the internet nowadays, aren’t we mostly relying on ground-based fiber optic cables or cell towers? If this infrastructure is damaged, or if it simply doesn’t exist in remote areas, does that mean we can’t get online? Spacecoin (abbreviated as SPACE) is a project that aims to build a “decentralized internet superhighway” in the sky.

Simply put, Spacecoin is a Decentralized Physical Infrastructure Network (DePIN) project. You can think of DePIN as using blockchain technology to coordinate and incentivize real-world physical infrastructure, such as the satellite network here. It plans to launch many small satellites into low Earth orbit (LEO, Low Earth Orbit, which is a relatively close orbit to Earth), and through these satellites, provide high-speed, decentralized internet services to the world—especially to regions that currently have no or poor internet access.

Its target users are mainly the approximately 2.6 billion people worldwide who are not yet connected to the internet, as well as another 3.5 billion whose access is restricted. It hopes to provide network connectivity directly to mobile phones via satellites, just like phones connect directly to cell towers—but this time, the “tower” is in the sky, eliminating the need for expensive ground infrastructure.

Project Vision and Value Proposition

Spacecoin’s vision is very ambitious: it hopes to realize the original intention of the internet—to allow everyone open and unrestricted access, truly “connecting the unconnected.”

The core problems it aims to solve are:

• Internet centralization: The current internet heavily relies on a few centralized providers, which can lead to censorship, single points of failure, and access restrictions in certain regions. Spacecoin uses blockchain technology to put network control in the hands of users, avoiding censorship or shutdowns by centralized entities.
• Uneven network coverage: Large populations worldwide still lack internet access, especially in remote areas and emerging markets, where traditional ground infrastructure is hard to deploy and costly.
• High internet costs: In many regions, internet access is still a heavy burden. Spacecoin plans to reduce monthly fees to $1–2 per user, making it more affordable for more people.

Compared to similar projects, Spacecoin’s differentiator is its combination of low Earth orbit satellites and blockchain technology, providing direct-to-mobile 5G network connectivity (5G NTN, 5G Non-Terrestrial Network, meaning 5G services delivered via satellites and other non-terrestrial platforms), and its commitment to open source, ensuring network transparency and decentralization.

Technical Features

The technical core of Spacecoin lies in its innovative combination of:

• Satellite network: It uses a constellation of low Earth orbit (LEO) communication satellites, which can cover most areas of the globe and provide broad network connectivity.
• 5G NTN technology: This technology allows satellites to communicate directly with 5G-enabled mobile devices, without the need for extra ground receivers, greatly lowering the barrier for user access.
• Blockchain empowerment: Spacecoin’s network control and operation will be decentralized through its blockchain-based “Spacechain Protocol.” It is built on the Creditcoin Layer 1 infrastructure. Creditcoin is a blockchain platform, and Spacecoin will use it to manage on-chain activities such as satellite operations, payments, and resource allocation.
• Open standards and open source: Spacecoin’s network will be fully compatible with 3GPP industry standards, meaning it can seamlessly work with the latest 5G NTN phones (including brands like Apple and Samsung). The project also plans to open source its entire tech stack, including hardware designs, to foster community collaboration and innovation.

You can think of Spacecoin as a network made up of countless “space routers,” all managed by blockchain technology to ensure fairness, transparency, and the ability to deliver signals directly to your phone.

Tokenomics

The token symbol for Spacecoin is SPACE.

• Issuing chain: The underlying infrastructure for the SPACE token is the Creditcoin Layer 1 blockchain.
• Token utility: The SPACE token will be used to pay network fees, as well as to participate in network governance and resource allocation. For example, users may need to use SPACE to purchase satellite internet services.
• Total supply and mechanism: As of now, public information does not specify the exact total supply of SPACE tokens, its inflation/burn mechanism, or detailed allocation and vesting information.
• Circulation: As of now, the SPACE token has not been listed for trading on any exchanges tracked by CoinGecko. This means it has not yet entered public market circulation.

Please note that detailed information about tokenomics is usually provided in the project’s whitepaper or official documentation. It is recommended to consult the latest official materials.

Team, Governance, and Funding

• Core members: The founder of Spacecoin is Tae Oh, and the Chief Technology Officer (CTO) is Scott Hasbrouck.
• Team characteristics: The team focuses on combining cutting-edge satellite technology with blockchain to solve global connectivity issues.
• Governance mechanism: Spacecoin plans to achieve decentralized network control through its blockchain-driven Spacechain Protocol, meaning the community and token holders may play a role in the network’s future development and decision-making.
• Funding: According to RootData, Spacecoin’s funding status has not yet been disclosed.

Roadmap

The Spacecoin project is actively progressing, with the following key milestones:

• 2023: Project established.
• December 2024: Spacecoin announced it will launch its first satellite, CTC-0, in the coming months as the first step in its decentralized space internet service.
• Q1 2025: The second satellite is under development and planned for launch in this quarter.
• 2025: The project plans to launch its satellites this year.
• October 2025: Plans to launch three more satellites.
• January 2026: Spacecoin announced strategic agreements with government agencies, telecom operators, and industry partners in Africa and Asia (including Kenya, Nigeria, Indonesia, and Cambodia) to support the practical deployment of satellite internet services.

Common Risk Reminders

Any emerging technology project comes with risks, and Spacecoin is no exception. Before considering any related actions, be sure to understand the following potential risks:

• Technical and security risks:
  • Hardware and software scaling: Building and maintaining a satellite network involves complex hardware and software systems. Efficiently scaling to meet global demand is a challenge.
  • Data transmission optimization: Ensuring the efficiency and stability of satellite data transmission, as well as managing heat dissipation during encryption and decryption, are technical hurdles to overcome.
  • Satellite deployment and maintenance: Successfully placing satellites into the correct orbit, managing thermal conditions, and maintaining reliable communication links all involve significant technical difficulty and risk.
• Economic risks:
  • Cost control and profitability: Although the project promises low monthly fees, how to maintain operations and achieve profitability while deploying a large-scale satellite network remains to be proven.
  • Market competition: There are other giants in the satellite internet field (such as Starlink). How Spacecoin will stand out and gain market share is a challenge.
• Compliance and operational risks:
  • Regulation and licensing: Satellite communications involve complex international regulations and national licenses. The project must address regulatory challenges in different countries and regions.
  • Localized operations: Operating and providing customer support in different countries and regions with local partners requires strong coordination and execution capabilities.

Please note: The above information is for reference only and does not constitute investment advice. The cryptocurrency market is highly volatile and investing carries risks. Please do your own research and make decisions with caution.

Verification Checklist

To gain a deeper understanding of the Spacecoin project, you can pay attention to the following aspects:

• Block explorer contract address: Monitor the Creditcoin block explorer to find the SPACE token contract address and track its on-chain activity.
• GitHub activity: Check Spacecoin’s GitHub repository (if public) to see code update frequency, community contributions, and development progress.
• Official announcements and updates: Closely follow Spacecoin’s official website, social media (such as the X platform), and community forums for the latest project progress, technical breakthroughs, and partnership news.
• Audit reports: Look for third-party security audit reports on Spacecoin’s smart contracts or technical architecture.

Project Summary

Spacecoin is an ambitious blockchain project that seeks to address global internet access inequality and centralization by combining low Earth orbit satellites with blockchain technology. It aims to provide affordable, decentralized, and censorship-resistant internet services to billions of unconnected or under-connected people worldwide. The project plans to use Creditcoin’s Layer 1 infrastructure for on-chain management and has begun launching satellites and establishing partnerships in Africa and Asia.

Although its vision is inspiring, as a project that merges cutting-edge aerospace and blockchain technologies, Spacecoin also faces significant technical, economic, and compliance challenges. Its tokenomics details are not yet fully transparent, and the token has not been listed for trading.

Overall, Spacecoin represents an innovative direction in the DePIN field—using decentralized networks to build and operate physical infrastructure. For those interested in satellite communications, blockchain technology, and solving global connectivity issues, this is a project worth watching. However, in any case, this is not investment advice. Please be sure to do your own research (DYOR) and fully understand all potential risks.