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Space ID Transfers $3 Million in Tokens to Yzi Labs After Three-Month Pause

Space ID’s 20 million ID token transfer to Yzi Labs increases its total holdings to 100 million tokens, cementing ID as Yzi Labs’ largest asset.

Summary

Space ID transferred 20 million ID tokens, valued at approximately $3.064 million, to Yzi Labs, marking the first transfer in three months. Yzi Labs has now accumulated 100 million ID tokens from Space ID since September 2024, worth around $27.81 million, making ID its largest asset holding.

Terms & Concepts
  • On-chain Monitoring: The process of tracking blockchain transactions in real-time using publicly accessible data from distributed ledger networks.
  • ID Token: A cryptocurrency token associated with the Space ID project, used for governance, utility, or other functions within its ecosystem.
  • Asset Holding: The quantity of a specific cryptocurrency or token owned by an entity, often tracked for portfolio and valuation purposes.