SpaceCoin: Decentralized Satellite Internet for Global Connectivity

What is SpaceCoin

Friends, imagine that the internet we use today mostly relies on ground-based fiber cables and base stations, much like a dense network of roads in a city. But if there are places without roads, or if the roads are blocked, getting online becomes a problem. The SpaceCoin project (abbreviated as SPACE) aims to build a brand new “highway network” in the sky. It is a decentralized physical infrastructure network (DePIN), which simply means using blockchain technology combined with a fleet of mini satellites orbiting the Earth (called low Earth orbit nanosatellites) to provide internet services.

Its target users are people in regions that currently lack stable internet connections, or where internet is expensive or subject to censorship. SpaceCoin hopes that, through these satellites in the sky, people around the world—especially in remote or underdeveloped areas—can access affordable, reliable, and unrestricted internet.

How does it work? You can think of it as your phone connecting directly to satellites in the sky, just like it connects to ground-based cell towers today. It also supports 5G Non-Terrestrial Network (5G NTN) technology, which means your regular mobile device can directly use the satellite network. In this network, the fees you pay for internet access are settled using cryptocurrency.

Project Vision and Value Proposition

SpaceCoin has a grand vision: it believes internet access should be a “public good,” like water and electricity, available to everyone. Its core mission is to “Connect the Unconnected,” democratizing global internet access.

The core problem it aims to solve is the current “centralization” of the internet. Today, many internet services are controlled by a few large companies, which can lead to censorship, single points of failure (where a problem in one place affects the whole network), and difficulties accessing the internet in poor or remote regions. Currently, about 2.6 billion people worldwide lack internet access, and another 3.5 billion have their internet censored.

SpaceCoin’s solution is to provide a satellite-based, trustless internet infrastructure, using blockchain technology to connect decentralized nodes, thereby offering broader access and higher security. Its network is physically distributed and does not rely on ground infrastructure, so it can provide censorship-resistant and enhanced security connections. More importantly, SpaceCoin aims to offer ultra-low-cost data services in emerging markets at $1-2 per month, which is 50 to 100 times cheaper than existing satellite internet services (such as Starlink), because it focuses on markets that traditional internet cannot reach.

Compared to similar projects, SpaceCoin’s uniqueness lies in being the world’s first satellite-driven decentralized physical infrastructure network (DePIN), combining cutting-edge satellite technology with the powerful features of the Creditcoin blockchain, aiming to become the standard open protocol for reliable, permissionless connectivity.

Technical Features

The technical core of SpaceCoin is its low Earth orbit (LEO) nanosatellite constellation. These small satellites operate in orbits closer to Earth, providing lower latency and broader coverage.

For connectivity, it uses 5G Non-Terrestrial Network (5G NTN) technology, which means your mobile devices can communicate directly with satellites without the need for additional ground equipment.

Blockchain technology plays a key role in SpaceCoin. It not only securely manages data transmission but also enables transparent satellite operations through smart contracts. Smart contracts can be understood as “digital protocols” written on the blockchain that execute automatically once conditions are met, without third-party intervention. SpaceCoin is built on the Creditcoin blockchain. Creditcoin’s “universal smart contract” feature allows users to pay network fees with cryptocurrency and supports cross-chain payments across multiple blockchain networks, greatly enhancing the user experience.

To ensure the reliability of satellite hardware, SpaceCoin’s satellites use radiation-hardened Cortex-A9 dual-core ARM processors to withstand the harsh environment of space and optimize data transmission efficiency.

Additionally, SpaceCoin plans to open source both its hardware and software designs, meaning anyone can view, use, modify, and distribute the code and designs, encouraging more people to participate in building and innovating the network.

To prevent network abuse and “free-riding,” SpaceCoin also uses Creditcoin to establish a credit system that can identify and handle users or transmitters who violate network rules, ensuring fair and healthy network operation.

Tokenomics

The token symbol for the SpaceCoin project is $SPACE.

It is designed as a utility token, meaning its main purpose is to support the operation of the SpaceCoin network, not as an investment product. The main functions of the $SPACE token include:

• Network fee payment: Users need to pay fees in $SPACE tokens when using internet services on the SpaceCoin network.
• Incentivizing node operators: Node operators who maintain ground stations and support satellite communications receive $SPACE tokens as rewards, encouraging them to contribute to the network.

The SpaceCoin network is built on the Creditcoin blockchain, which means $SPACE token payments and management will use Creditcoin’s technology and support cross-chain payments.

Currently, public information does not specify the total supply of $SPACE tokens, detailed issuance mechanisms, inflation or burn mechanisms, or detailed data on current and future circulation. Usually, these details are explained in the project’s whitepaper or tokenomics documents. For example, a whitepaper prepared to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA) mentions $SPACE as a utility token, but the specific economic model details are not fully disclosed.

Not investment advice: Please note that tokenomics is an important part of the project, but token prices are affected by many factors and are volatile. The above information is for project introduction only and does not constitute any investment advice.

Team, Governance, and Funding

Team

According to a whitepaper prepared to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA), an entity named “SPACE LABS LTD.” is seeking approval for $SPACE token trading in the European Economic Area (EEA). This indicates that there is a legal entity driving the project.

Although no detailed introductions of core members were found, the project has already invested millions of dollars in R&D, satellite manufacturing, and launch bookings with companies like SpaceX. This shows that the team has the capability and resources to execute complex aerospace projects and has signed actual contracts with aerospace manufacturers and governments.

Governance

SpaceCoin’s governance model emphasizes decentralization. It ensures the network is not controlled by any single centralized entity through its blockchain-driven “Spacechain Protocol.” In this system, individuals and entities can participate as “node operators” to jointly maintain and manage the network.

Funding

SpaceCoin has already invested millions of dollars in the R&D, manufacturing, and initial launch of its blockchain-enabled satellites, and will invest more as the satellite constellation expands. This funding is mainly used for infrastructure construction, not just software development. The project team states that they have booked SpaceX launch services and signed contracts with aerospace manufacturers and governments, indicating that their funding and execution are substantial.

Roadmap

The SpaceCoin project has achieved some important milestones and has clear plans for the future:

Key historical milestones and events:

• December 2, 2024: The Spacecoin whitepaper is officially released, detailing its grand vision.
• October 2025: The project successfully verifies its technical feasibility and completes its first end-to-end data transmission.
• November 20, 2025: SpaceCoin successfully launches three CTC-1 satellites, an important step in building its decentralized infrastructure.
• November 28, 2025: After the satellite launch, real-time monitoring data shows that the satellites transmit data every 90 minutes, verifying their on-orbit operation and data transmission capabilities.

Future key plans and milestones:

• 2025: Continue satellite launches and focus on ensuring hardware can efficiently encrypt and decrypt data packets while avoiding overheating.
• Coming months (according to the December 2024 article): The first satellite is planned for launch.
• Q2 2025 (according to the December 2024 article): The second satellite is under development and launch has been booked.
• Coming soon: SpaceCoin plans to launch its “Open Protocol,” open-sourcing both satellite and protocol designs to encourage more participants to join the network.
• Ongoing: Gradually launch more low Earth orbit (LEO) satellites to expand global connectivity coverage.
• Ongoing: Establish partnerships with entities worldwide to build new ground stations and further expand global coverage.

Common Risk Warnings

All innovative projects come with risks, and SpaceCoin is no exception. As a blockchain research analyst, I need to remind everyone to pay attention to the following risks:

Technical and Security Risks:

• Hardware and software scaling challenges: Building and maintaining a global satellite network requires solving hardware and software scaling issues and optimizing data transmission efficiency. Satellite hardware iterates much slower than software, and once deployed, modification costs are extremely high.
• Orbital mechanics and communication challenges: Ensuring satellites enter the correct orbit, managing thermal control, and maintaining reliable inter-satellite and satellite-to-ground communications are huge engineering challenges. The project needs to test inter-satellite communication, mesh networking, and throughput capabilities.
• Network security: While blockchain technology provides enhanced security, any decentralized network may face new security threats and attack vectors.

Economic Risks:

• High construction costs: Building and launching a satellite network requires investment of millions or even billions of dollars. Whether the project can continue to secure funding to expand the satellite constellation is key to its success.
• Profit model and market competition: SpaceCoin aims to provide ultra-low-cost services at $1-2 per month, which requires highly efficient operations and cost control. It needs to prove the sustainability of this model and face competition from traditional telecom giants and existing satellite internet providers (such as Starlink).
• Token value volatility: As a utility token, $SPACE’s value may fluctuate due to market supply and demand, project progress, macroeconomic environment, and other factors.

Compliance and Operational Risks:

• Regulatory compliance: Operating satellite internet services globally requires dealing with complex space law, telecommunications law, and data privacy regulations in various countries. For example, SpaceCoin has prepared a whitepaper to comply with the EU’s MiCA regulation, but the whitepaper has not yet been approved by any competent authority.
• Licensing and spectrum management: Obtaining licenses for satellite launches, operations, and radio spectrum usage is a complex and time-consuming process.
• “Free-rider” problem: Although the project has designed a credit system to prevent abuse, effectively managing and resolving “free-rider” behavior in the network to ensure fairness remains a challenge.

Not investment advice: The above risk warnings are intended to help you better understand the challenges the project may face. Please remember that any cryptocurrency project is highly risky. Be sure to conduct thorough personal research and risk assessment before making any decisions.

Verification Checklist

To better understand the SpaceCoin project, here are some key pieces of information you are advised to check and verify yourself:

• Official whitepaper: Review SpaceCoin’s MiCA whitepaper (e.g., v1.0 version from August 2025) for the most detailed project vision, technical details, tokenomics, and legal statements.
• Official website: Visit SpaceCoin’s official website (e.g., Spacecoin.com) for the latest updates, team information, and partners.
• Block explorer contract address: Look up the $SPACE token’s contract address on Creditcoin or other relevant blockchains to track token circulation and transactions.
• GitHub activity: If the project is open source, check its GitHub repository activity, including code update frequency, number of contributors, and community participation, which reflects the project’s development progress and transparency.
• Social media and community: Follow SpaceCoin’s official accounts and community on Twitter, Telegram, Discord, and other social media platforms to learn about community discussions, project announcements, and user feedback.
• Audit reports: Check whether the project has third-party security audit reports to assess the security of its smart contracts and systems.

Project Summary

SpaceCoin is an ambitious blockchain project that seeks to address global internet access inequality and centralization by combining cutting-edge satellite technology with a decentralized blockchain network. It plans to deploy a constellation of low Earth orbit nanosatellites, using 5G NTN technology to provide affordable (targeting $1-2 per month), censorship-resistant, and permissionless internet connectivity worldwide, especially in regions underserved by traditional internet services.

The project is built on the Creditcoin blockchain, using its smart contracts to manage data transmission and payments, and plans to open source its hardware and software designs to promote broader participation and innovation. SpaceCoin has already successfully launched its first satellites and conducted in-orbit data transmission tests, indicating substantial progress in technical implementation.

However, as a project involving both aerospace and blockchain complexities, SpaceCoin also faces significant challenges, including high construction costs, complex orbital mechanics, technical scalability, global regulatory compliance, and market competition. Its $SPACE token, as the network’s utility token, will have its value closely tied to the network’s actual usage and development.

Overall, SpaceCoin presents a compelling vision of connecting the world’s unconnected population through decentralization, which is revolutionary both technologically and conceptually. But its success will depend on whether it can effectively overcome the above challenges and realize its ambitious plans.

Not investment advice: Please note that this article is an objective introduction to the SpaceCoin project and does not constitute any investment advice. The cryptocurrency market is highly volatile and risky. Before making any investment decisions, be sure to conduct thorough personal research and consult a professional financial advisor.

For more details, please conduct your own research.