Solana Prediction Market Space Responds to Refund Controversy: Will Launch DApp to Assist Users in Self-Claiming, and Provide Additional Airdrops as Compensation for Non-Refunders

Solana Ecosystem Leverage Prediction Market Project Space Crowdfunding Over-Subscription Controversy Continues to Escalate, KOL @Meta8Mate (The Clever Jeni) Posted a New Update Today, Stating that the Project Team Has Finally Responded to Community Demands, Promising to Allow Users to Claim Refunds via a Decentralized DApp, and Offering Additional Airdrop Compensation to Those Who Choose Not to Refund. The Beta Test Version Is Expected to Launch Mid-Next Week.
(Background: Data: Prediction Market Spoiled in Advance with $10 Million for Maduro’s Fall)
(Additional Context: Prediction Market Ban Sparks First Shot! US Massachusetts Judge Orders Kalshi to Cease Participation in Sports Events)

Crypto KOL @Meta8Mate (The Clever Jeni) Posted the Latest Update on X Platform Today (23), Regarding the Refund Progress of the Solana Ecosystem Leverage Prediction Market Project @intodotspace (Space). The Post Quickly Gained Community Attention. Jeni Personally Said He Is Also a Victim Participant and Is Actively Assisting in Rights Protection.

Space @intodotspace The official staff finally responded (Image 1), and the suggestions communicated with Jeni are quite similar (Image 2). Key points:

The project team states they are still conducting a comprehensive calculation of all refund data and plan to launch a decentralized DApp that allows users to claim refunds independently; for users who choose not to refund, additional airdrops will be provided as compensation. … https://t.co/e7Bg8HBgl6 pic.twitter.com/vZSn5iOBMS

— The Clever Jeni 🔶BNB (@Meta8Mate) January 23, 2026

Space Official Response

Jeni said that the Space project team finally responded to community questions, and the content is highly consistent with his previous private communications. The main points include:

• The project team is still conducting a full calculation of all refund data.
• Planning to launch a decentralized DApp, allowing users to claim refunds autonomously.
• For users who opt not to request refunds, additional airdrops will be provided as compensation.
• The team will prioritize launching the Beta version of the Space platform, expected to go live mid-next week.

Jeni urges the project team to publish detailed refund plans as soon as possible, including specific timelines, refund ratios, and other details, to give all participants a relatively satisfactory conclusion.

Background of the Incident

Space is a leverage prediction market platform built on the Solana blockchain, claiming to be the “first project supporting 10x leverage.” Its public offering phase originally set a soft cap of $2.5 million, but in reality, over $20 million was attracted, far exceeding expectations. The project team ultimately allocated about $14 million worth of tokens and promised to refund some of the excess funds. However, this has sparked significant controversy:

• Some users have not received refunds to this day or question the transparency of the refund process.
• Around January 21, the project team refunded about $7.3 million and publicly shared wallet addresses for transparency, but the community remains dissatisfied with uneven refunds and large refunds sent to new addresses (suspected internal operations).
• There are accusations that the project team redefined the $2.5 million as a “soft cap” rather than a hard commitment, allegedly violating initial rules and forcibly retaining oversubscribed funds.
• Investment firms like Morningstar Ventures publicly demanded at least 50% of the public funds be refunded and emphasized prioritizing community interests.

Additionally, some analyses point out that the Space team has connections with the previous project UFO Gaming, whose token plummeted nearly 99%, further deepening community trust concerns. Currently, the platform has not launched a formal product and remains in the preheating stage.