Spacecoin (SPACE) operates as a decentralized internet network via satellite, seeking to deliver dependable, permissionless global connectivity. The project is constructing a fleet of blockchain-integrated small satellites in low-Earth orbit to beam data to Earth, reducing dependence on conventional infrastructure like fiber-optic lines and cell towers. This initiative intends to serve as a vital link for the 2.6 billion individuals worldwide who have never accessed the Internet, plus another 3.5 billion with limited access.

The team plans to provide service in Nigeria, Indonesia, and India at a cost of $1-2 per month per user. Functioning as an open platform, the system allows anyone to contribute satellites and split expenses. CTC-0, the initial satellite, was launched in December 2024, followed by the three satellites comprising the CTC-1 mission in November 2025.