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Figure Heloc Space Announces Public Sale of $SPACE, Bringing Community Ownership to Solana’s First 10x Prediction Market.
Ryan Moore 
Space has officially opened the door for its community to own a piece of the platform. The Solana-based prediction market announced today that it is launching the public sale of its native token, $SPACE, marking a major milestone ahead of its full platform rollout in early 2026.
Space positions itself as the first prediction market on Solana to offer up to 10x leverage, letting users trade real-world outcomes across crypto, politics, sports, tech, and culture. The pitch is simple: if you’re right, you get paid and if the platform succeeds, token holders benefit directly through a built-in revenue flywheel.
That flywheel is a big part of the story. Half of all platform revenue is used to buy back and burn $SPACE from the open market, while the other half flows into the protocol treasury. It’s a structure designed to reward long-term participation rather than short-term speculation.
Built by a Team That’s Done This Before
Space isn’t a first-time experiment. The team previously built UFO, a project that broke into CoinMarketCap’s top 100 in 2021 and reached a market cap north of $1.5 billion. According to the team, that growth came from community momentum and distribution rather than insider-heavy token allocations an ethos they say is carrying over directly into Space.
That same focus on participation shows up in how Space is handling its token sale. Instead of allocating the majority of ownership behind closed doors, the team is opening the public sale with no minimum or maximum contribution limits and equal pricing for all participants.
A Public Sale Designed for Fair Price Discovery
The $SPACE public sale uses a variable distribution model rather than a fixed-price drop. The sale opens at a floor valuation of $50 million fully diluted and remains there until the $2.5 million funding target is reached. From that point on, the valuation increases linearly up to a ceiling of $99 million, with the final clearing price applying equally to everyone who participates.
All tokens purchased in the sale will be fully unlocked at the token generation event, removing vesting cliffs that often create post-launch pressure. Contributions are accepted in USDC, USDT, or SOL, and the sale officially opens on December 17th at 6:00 PM UTC.
If demand exceeds available supply at the final price, the team says it will manage allocations and refund any excess contributions to maintain fairness.
Why Ownership Is the Point
Space’s founders are explicit about why they chose this structure. They believe the people trading, building, and promoting the platform should be the ones who own it. Earlier participation also comes with long-term perks baked directly into the Space profile, including bonus airdrops, points multipliers across future reward seasons, referral fee boosts, and reduced trading fees. Once unlocked, those benefits are designed to stick with users for the life of the platform.
Backing for the project adds another layer of credibility. Space raised $3 million in seed and strategic funding led by Morningstar Ventures and Arctic Digital, alongside participation from Impossible Finance and a highly oversubscribed community raise on Echo.
What Comes After the Sale
The public sale is just the first step. Token distribution and refunds will follow immediately after the sale closes, with the token generation event scheduled shortly afterward. The full Space platform is expected to launch in January 2026, bringing its central limit order book, zero maker fees, leveraged prediction markets, and gamified reward systems live on Solana.
In a market crowded with prediction platforms that struggle with liquidity and engagement, Space is betting that leverage, clean market mechanics, and real community ownership can change the equation. Whether traders show up for the payouts, the ownership, or both, the public sale marks the moment Space shifts from a product in development to a protocol shaped by its users.
About the Author
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