CoinVoice has learned that the public offering of the Solana ecosystem leverage prediction market platform Space has sparked controversy within the community. It is reported that the project initially aimed to raise 2.5 million USD, but actually raised over 20 million USD. Subsequently, only 7.3 million USD was refunded, with the remaining oversubscribed funds retained.

The project stated in its announcement: “The 2.5 million USD funding is only a ‘soft cap’ rather than a ‘hard cap’. 2.5 million USD can only sustain a few months of operations. This amount represents only the minimum needed for initial delivery and is insufficient to support years of infrastructure development for the leverage prediction market.”