Spacer responds to community concerns about fundraising limits and refund transparency, and decides to refund $7.3 million in excess funds The leverage prediction market Space has released the latest official statement on token allocation, fundraising scale, and refund issues after the recent public offering. According to official disclosure, this round of public sale attracted over 20 million US dollars, and ultimately distributed 19.6% of the tokens from 51% of the community pool in the token economy, corresponding to an FDV of approximately 69 million US dollars. In order to ensure fairness in distribution, the project has decided to refund over 7.3 million US dollars in excess funds and explained that some refund address changes were due to participants' security concerns. The raised funds will mainly be used for leverage pool, online liquidity construction, security audit, team expansion, and CEX listing. In response to the controversy over the fundraising amount, Space clarified that the previously mentioned $2.5 million was only a soft cap and not a hard cap. The expansion of the fundraising scale aims to support the liquidity of the leveraged market and years of research and development, ensuring the long-term competitiveness of the project. It is reported that Space has been questioned by the community due to issues such as the scale of fundraising and the team's historical background. Several community members have pointed out that the team's predecessor is suspected to be the game project UFO Gaming, and its token price has plummeted by about 99% compared to historical highs. The community accuses Space of transforming into a predictive market after the old project did not show any improvement, and has not released any public or private testing versions so far. Instead, it prioritizes the preparation of Hyperliquid perpetual contract code, which is suspected of cashing out. In addition, the community also expressed dissatisfaction with the project's increase in public offering quota without prior announcement after oversubscription, and pointed out that some large refund addresses were mostly changed to new addresses without historical transaction records.