SPACE ID, a Web3 domain name and identity platform, tweeted that the ID repurchase and destruction (IDP3) has been successfully implemented, using 1,031,115.4 stablecoins to repurchase and destroy 3,107,377.8 IDs. The other half of platform revenue (from March 23, 2023 to June 23, 2023) will be transferred to the multi-signature addresses of the SPACE ID DAO treasury on different chains, including Ethereum, BNB Chain and Arbitrum. Additionally, SPACE ID has closed a transaction for $200,000 in grant program funding (IDP2). Foresight News previously reported that on June 20, SPACE ID initiated a vote on the proposal of "recommending the purchase and destruction of ID tokens", proposing to use 50% of the total revenue generated by the SPACE ID platform from March 23 to June 23 for ID tokens are purchased and burned, and the remaining 50% of platform revenue is allocated to the DAO treasury, managed by all eligible ID token holders.