SPACEM Recovery Plan - SpaceM

SPACEM Recovery Plan: What’s Happening and What It Means for You

We recently experienced a security issue, but we’ve got a clear recovery plan to make things right and come back even stronger. Here’s what you need to know — no tech-speak, just the important stuff:
We recently experienced a security issue, but we’ve got a clear recovery plan to make things right and come back even stronger. Here’s what you need to know — no tech-speak, just the important stuff

Security Update: Relaunch Temporarily Paused

We’ve hit an unexpected hurdle: external cyber security team requested additional checks and a deep re-audit after spotting possible anomalies in pre-hack token flows. We were advised to halt reinstatement of the trading and relaunch activities which was initially planned for tomorrow to ensure full safety without risks for the future. This pushed the timeline by some 14 days. We’re furious about the delay too, but this ensures no future risks. Here’s what’s happening:

New audit underway (results expected in 10 days).
Phased relaunch plan locked in (details soon).
Your nodes/tokens are SAFE and will be prioritized in the airdrop.

We’ll share a public update soon—please help manage morale. Your patience is everything right now.”
We will announce to the general public on our official channels shortly but wanted to update you first.

While frustrating, this delay ensures:
✅ No repeat of the June 3rd exploit
✅ Full compliance with exchange requirements
✅ Airdrops honor eligible pre-hack holders without risks for the project

Your patience is absolutely vital right now. We truly appreciate your help in keeping community morale strong.

Recovery plan step by step

Step 1: New Token Launch

  • We’re launching a safer version of our token with the name SPACEM WORLD and ticker SPCM – on the Avalanche network.
  • If you held tokens before the issue, you’ll get the new ones sent to your wallet automatically.
  • We’re also reapplying to trusted platforms like CoinGecko, CoinMarketCap.

Step 2: Relaunching Key Features (Including Nodes!)

  • We’re rebuilding all the main parts of the project with stronger security — this includes:
    • Node NFTs
    • Staking pools
    • Presale contracts
  • If you already had these before, they’ll be re-sent to your wallet. You don’t need to do anything.
  • Our dApp will also get a clean update with everything running smoothly again.
node ecosystem

Step 3: Public Relaunch

  • We’ll be re-listing the new token on exchanges so trading can resume.
  • A community relaunch campaign is coming, including a live AMA to walk you through all the updates and what’s next.

Airdrop of new $SPCM tokens

Airdrop Ratio:

For every 1 $SPACEM token held before the breach, you will receive 1 $SPCM token.

Eligibility

The airdrop includes all token holdings based on the snapshot taken on June 4, 2025. Only wallets holding $SPACEM tokens as of this date will automatically receive the corresponding $SPCM tokens.

Important Exclusions:
  • Wallets identified to be connected with the recent security breach will not be included in the airdrop.
  • New holders who purchased their first tokens on June 3, 2025 are also excluded from the automatic distribution. These holders will need to undergo a manual validation process.
  • Any token transfers or transactions occurring from June 4, 2025 onwards will require manual verification before being considered eligible.
If you fall into any of the above categories, please complete the form to verify your eligibility for the airdrop.

Recovery Timeline

We expect everything to be back on track within 10-14 days.
You’ll get regular updates and links during the process.

We’re rebuilding with care, transparency, and a stronger foundation — with our amazing community at the heart of it all.

Thanks for sticking with us 💙

The SpaceM Team

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SpaceM is built to connect digital access with real-world opportunity through one structured ecosystem.
Our promise is to create a clearer, more useful, and more connected way to participate in the digital economy.
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Ajeltake Island,
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About
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Roadmap
Events
Tokenomics

Ecosystem membership
Contact
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