PANews reported on December 17th that, according to an official announcement from Space, the Solana on-chain leveraged prediction market will launch a public sale of $SPACE tokens at 2:00 AM Beijing time on December 18th. The initial valuation for this public sale is $50 million, with a fundraising target of $2.5 million. Upon achieving this target, the valuation will linearly increase to a maximum of $99 million. The tokens are not locked up and will be 100% unlocked after TGE (Tencent's Exchange Token Offering). USDC, USDT, and SOL are supported for participation. Space was created by the former UFO project team and focuses on a prediction market with leverage up to 10x. 50% of the platform's revenue is used for buybacks and burns.