Aster launches SPACE tokens, with spot perpetual contracts simultaneously launched, and 15.75 million tokens as rewards.

Aster announces the launch of Rocket Launch Round 7 new token initial offering, with the project being Spacecoin ($SPACE). As the first DEX to list both $SPACE spot and perpetual contracts simultaneously, Aster exclusively introduces the SPACE/USD1 spot trading pair and plans to go live on both markets tonight. This marks another significant move by the Aster platform in the field of new token launches and also signifies its continued strengthening of competitive advantages in the DEX space.

Key Information of the Event

Launch Time and Trading Pairs

The spot trading pair SPACE/USD1 will open at 12:00 UTC on January 23, while the perpetual contract SPACEUSDT will go live at 14:00 UTC on the same day. The entire event cycle lasts until 14:00 UTC on February 2, approximately 10 days.

Reward Scale and Participation Thresholds

Participation conditions are relatively clear: users must hold at least 444 $ASTER tokens throughout the event cycle and pass qualification verification via random snapshots. Only qualified users meeting minimum fee and holding requirements are eligible for rewards.

Market Background of SPACE Token

$SPACE Fundamental Data According to the latest data, $SPACE is currently priced at $0.061285, with a total supply of 21 million tokens. The current circulating supply is zero. The token was launched in April 2023, ranked 4455th by market cap, with a 24-hour trading volume of approximately $58,400.

Recent Performance to Watch

From the price trend, $SPACE’s performance is not optimistic. It has declined 0.50% in the past 24 hours, 23.36% over 7 days, and a significant 47.37% over 30 days. This indicates that the token has fallen sharply from its high point a month ago, and investors should have a clear understanding of its fundamentals.

Aster Platform’s Competitive Advantages

Differentiated Positioning

Aster being the first DEX to list both $SPACE spot and perpetual contracts simultaneously demonstrates its innovative approach to new token launches. Traditional exchanges usually list spot and contracts separately, whereas Aster’s synchronized launch provides traders with more flexible trading options.

Ecosystem Considerations for Supporting Activities

The platform also launches a limited-time zero-fee spot trading activity for USD1/USDT, making it easier for users to acquire USD1 to participate in SPACE/USD1 trading. This supporting service design reflects Aster’s attention to detail in trading experience.

According to recent news, Aster’s recent activities have been highly active, and the platform has become an important hub for new token launches. Multiple projects have chosen to launch on Aster, and the platform’s liquidity and user activity are increasing.

Summary

Aster’s Rocket Launch Round 7 offers traders a chance to win rewards of 15.75 million $SPACE tokens, while the simultaneous listing of spot and perpetual contracts provides more trading flexibility. However, investors should note that $SPACE has performed poorly recently, with a decline of over 47% in 30 days, which reminds us to evaluate risks rationally when participating in new token launches. The core requirement for participation is holding at least 444 $ASTER tokens, which provides a relatively clear threshold for interested users.