Solana's Space Platform Faces Controversy Over Fundraising Exceeding Initial Goal

Solana's leverage prediction market platform, Space, has sparked controversy following its public fundraising campaign. According to Odaily, the project initially aimed to raise $2.5 million but ended up collecting $20 million. The team announced plans to return $7.3 million while retaining the excess funds, explaining that the $2.5 million target was a 'soft cap' rather than a 'hard cap.' The project further argued that $2.5 million would only sustain operations for a few months and represented the minimum amount needed for initial delivery. They emphasized that this sum is insufficient for the long-term development of the leverage prediction market infrastructure.