The recent success of the Ethereum Name Service (ENS) has made domain ventures a hot topic in the Bitcoin investment community. In light of this, Space ID, an exciting new project based on BNB Chain technology, recently announced its launch on Binance Launchpad – one of the world's largest exchanges. To support its growth and development, Space ID is now offering an affiliate program that promises to revolutionise Defi-driven freedom by optimising Web3 infrastructure.
This Space ID affiliate program review looks at how you can get involved with the program and take advantage of the opportunities it presents.
About Space ID
Space ID Overview
Space ID is transforming the landscape of web3 domain management and commerce through the development of three cutting-edge blockchain platforms, namely BNB Chain, Arbitrum, and Ethereum. These platforms offer users unique and simple-to-remember usernames in the forms of username.bnb, username.arb, and username.eth. These usernames enable smooth communication and interaction among users, data, and decentralized applications (dApps) on different blockchains.
Moreover, Space ID provides a comprehensive identification platform for Web3 domain administration and commerce, featuring the Web3 Name SDK and API for blockchain developers, as well as a multi-chain enabled domain name service that makes it effortless for anyone to establish and create identities on Web3.
Space ID's ecosystem comprises over 100 successful integrations with prominent and trustworthy products such as BSCScan and Trust Wallet. Its multi-chain decentralized chains are open-source and unfiltered, providing users with greater flexibility in managing their crypto assets.
With Space ID, users can be assured of basic, easy-to-remember, and easy-to-read usernames that are unique across different platforms. Moreover, the platform offers advanced features such as multi-chain support and a comprehensive identification platform, making it an ideal option for anyone looking to establish an online presence in the Web3 domain.
Space ID Products
The Space ID identity platform has gained significant traction in the Web3 ecosystem as a means of registering and managing domain names. In September 2022, Space ID made its debut on the BNB Chain, which included the addition of the .bnb domain name service. Since then, the platform has experienced remarkable success, drawing in an impressive 580,000 registrants and 390,000 domain owners.
In February 2023, Space ID recognized the potential benefits of partnering with Arbitrum's .arb domain name service and joined forces with them. Within weeks of launching public registrations, Arbitrum's .arb domain had already garnered over 197,000 registrations and 168,000 domain owners. This strategic move has resulted in an expansion of Space ID's customer base.
In comparison, .eth domains are highly popular with approximately 2.5 million domain registrations and around 626,000 owners. Space ID now offers support for three types of domain names, including the .arb, .bnb, and .eth extensions.
The Space ID platform offers a range of features that can be grouped into four categories: Discover, Register, Trade, and Manage. Through the platform, users can search for specific domains and browse popular domain collections. Auto-suggestion and quick domain registration status checks are among the convenient features offered by Space ID.
Registration of all Web3 domains is available on the SPACE ID Mainnet. Additionally, the platform has an integrated marketplace where Web3 domains can be traded, with liquidity provided by platforms like OpenSea. Space ID also simplifies the process of managing renewals and ownership of Web3 domains.
On top of the platform's main features, some programs are rolling out for the Space ID community. For instance, there's the SPACE ID Referral Program where users can earn up to 15% of the registration price. The SPACE ID Gift Card is another program that allows users to easily purchase Space ID services or offer these services as gifts to others.
Additionally, the SPACE ID Comic Council serves as a community building platform where individuals can share their own stories and insights about Web3 technologies.
Space ID Affiliate Program Review
Space ID Affiliate Program Overview
The Space ID referral program is a great opportunity for community members to earn up to 15% of registration fees by simply sharing their referral link with friends and followers. It's important to note that setting a primary name is a prerequisite for generating referral links and receiving commissions. However, once the primary name is set, the number of invitations is permanently recorded on the domain name and on-chain, even if the domain changes ownership or expires.
What's more, the commission rate is determined by the number of invitees, which means that the more people you refer, the higher your commission rate will be. Additionally, exclusive referral rates are offered to projects, communities, and integration partners, demonstrating Space ID's dedication to supporting its users.
Overall, the Space ID referral program is a fantastic way to monetize your network and earn passive income from the registrations of others.
Space ID Affiliate Program: Pros & Cons
- High Commission Rate: The Space ID referral program offers up to 15% commission on registration fees, which is comparatively higher than other referral programs.
- Permanent Record: The number of invitations is permanently recorded on the domain name and on-chain. This ensures that even if the domain changes ownership or expires, the initial inviter will receive their commission. This provides a level of security and reliability to users.
- Exclusive Offers: The program offers an exclusive referral rate to projects, communities, and integration partners. This is a great opportunity for these entities to earn passive income and for Space ID to build partnerships.
- Prerequisite of Primary Name: In order to generate referral links and receive commissions, users must set a primary name, which is not present in other referral programs. This may lead to confusion for new users and may impede their ability to start referring others right away.
- Limited Payment Options: If the invitee registers the domain using gift cards, the part of the registration fees paid with SPACE ID Points will not be counted into the commission. This limits the payment options and may deter users from referring others.
- Commission Rate Affected by Quantity: The commission rate is affected by the number of invitees, which may limit the earning potential of users who do not have a large network or following. This may discourage some users from referring others.
In summary, the Space ID referral program offers a competitive commission rate and provides a level of security and reliability through its permanent record feature. However, the program also requires users to set a primary name, has limited payment options, and the commission rate is affected by the quantity of invitees. Despite these limitations, the program is still a great way for community members to monetize their network and earn passive income.
Space ID Affiliate Program: Commission & Withdrawal
Looking to take your community to the next level? Introducing the SPACE ID Referral Program – a comprehensive system designed to help you earn up to 15% of the registration fees of anyone who registers for a .bnb domain using your referral link.
As an inviter, you will be eligible for a percentage of the registration fees for all of those who register using your referral link. The commission rate will vary depending on the number of invitees that register, with a higher commission being paid for larger numbers of registrants.
Your commission rate will be displayed next to “Inviter's earnings” in order to keep you informed about your earnings potential. So why not take advantage of this exciting opportunity and invite your friends and community members to register for a .bnb domain today?
The rules for the referral program are clear and straightforward. All you need to do is register for a .bnb domain and obtain your personal referral link. From there, you can share your referral link with your associates and anyone who registers using your link will then become an invitee. If they go on to register for a .bnb domain through your referral link, you will receive a commission payment based on the number of invitees that registered.
See below for the detailed referral rules.
As a commission earner, you have the flexibility to withdraw your earnings at any time by transferring it to your wallet. Not only that, but you can also easily access your “withdrawal history” by simply clicking on the adjacent icon next to the “withdraw” button. This allows you to keep track of your financial transactions and have a better understanding of your earnings.
With this user-friendly feature, you can conveniently manage your commissions and gain a clearer insights into your overall revenue. So take advantage of this opportunity and withdraw your earnings whenever needed with just a few clicks.
Space ID Affiliate Program Rules
To participate in the referral program, users must set their primary name first. Failing to do so will prevent them from generating referral links or receiving any commissions. The commissions earned from the program will be paid to the record addresses of the inviters' .bnb domains once their invitees have completed their domain registrations.
It's important to note that the number of invitations made by a domain is permanently recorded on the blockchain, regardless of ownership changes, sales, or expirations. Let's take User A as an example.
Previously, User A owned the domain name allen.bnb and completed 700 domain invitations. User B buys the domain from the marketplace and sets allen.bnb as their primary name. In this case, User B will receive a 15% commission for every registration made through allen.bnb referral link. However, if User A switches to a new primary name, such as allen123.bnb, which has zero domain invitations, they will receive a 5% commission from each registration made through the allen123.bnb referral link.
In another scenario, User A previously owned the domain name arton.bnb and completed 700 domain invitations. User B buys the domain from the marketplace but does not set arton.bnb as their primary name. In this case, since the record address of arton.bnb still belongs to User A, User B will not receive any commission for every registration made through the arton.bnb referral link. However, as long as the record address of the domain name has not been changed, User A will still receive a 15% commission for each registration.
The commission rate for the referral program is calculated by multiplying the commission rate with the registration fees paid in BNB. It's important to note that if the invitee chooses to pay using gift cards, the portion of the registration fees paid with SPACE ID Points will not be counted towards the commission.
How to Get Your Referral Link
If you’re looking to earn some extra cryptocurrency, referring your friends and family to Space.ID is a great way to do it. Here’s how you can get your referral links.
Firstly, you’ll need to go to space.id and connect your wallet. Once you’ve done that, click on your profile picture in the top right corner of the screen and select “Referral.” This will take you to your referral page where you can generate your own personalized referral link.
It’s important to note that you will only be able to generate a referral link once you’ve set your primary name. If you haven’t done so already, click on your profile picture and select “My Domains” from the dropdown menu. Once there, navigate to the “Primary Names” section located in the top right corner of the screen and click on the edit button to set your primary name.
With your primary name set, you can now generate your referral link. You can share this link directly with invitees or post it on Twitter to spread the word even further. You can also share a QR code image by clicking the “QR” button on your referral page.
Worried about not earning anything? Don’t be! For every person who signs up using your referral link, you’ll earn a commission. So start referring your friends and family to Space.ID today and watch your cryptocurrency earnings grow!
What’s On Your Referral Profile
When you refer someone to purchase a domain on .bnb, you can earn a commission on their registration fees. Your referral stats, which are located on the right side of your referral profile, will tell you your referral level and corresponding commission rate. The more users you invite to register for domains using your referral link, the higher your commission rate will be. This information is shown next to the “Inviter’s earning” on your referral profile.
Your referral link will be generated automatically and can be shared easily through various channels such as copying it or sharing a QR code. You can even share your referral link directly on Twitter to increase your reach.
Your commission balance
You will be able to withdraw your commission and view your withdrawal history with ease. Your total commission that hasn’t been withdrawn can be found at the bottom of your referral profile page. This straightforward process enables you to earn money through referrals without any hassle.
In summary, referring others to purchase domains on .bnb using your referral link can reward you with a certain percentage of their registration fees. As more invitees register using your link, your commission rate will increase. With a conveniently generated referral link and a clear withdrawal system, earning money through referrals has never been easier.
Overall, the Space ID referral program is a great way for community members to monetize their network and earn up to 15% of registration fees by simply sharing their referral link with friends and followers. Despite some limitations such as needing to set a primary name or having limited payment options, this referral program still provides users with security, reliability and exclusive offers that are worth considering. With these features in mind, it's clear why the Space ID referral program can be an effective tool for generating passive income.
What is the Space ID referral program?
The Space ID referral program is a great opportunity for community members to earn up to 15% of registration fees by simply sharing their referral link with friends and followers.
What is the commission rate for the Space ID Referral Program?
The Space ID referral program offers up to 15% commission on registration fees, which is comparatively higher than other referral programs.
Is there a permanent record feature associated with this program?
Yes, the number of invitations will be permanently recorded on the domain name and on-chain even if the domain changes ownership or expires, ensuring that inviters will still receive their commission even in such cases.
Does this program offer exclusive rates?
Yes, exclusive referral rates are offered to projects, communities, and integration partners as part of this program's dedication to supporting its users.
Are there any limitations associated with earning commissions from referrals?
Yes, users must set a primary name before generating referral links and receiving commissions; payment options may be limited if invitees register using gift cards; and the commission rate is affected by the quantity of invitees.