The cryptocurrency mentioned, SXT, is the native token of Space and Time, a decentralized data warehouse that aims to bring trustless data processing to smart contracts, AI agents, and enterprises. Here's a breakdown of what you should know about SXT:
What is Space and Time?
* Space and Time is described as the first verifiable, decentralized, zero-knowledge (ZK) proven database in the crypto space.
* It allows smart contracts to use complex queries with cryptographic proof of correctness.
* The platform focuses on trustless analytics and data warehousing, unlike general-purpose ZK rollups.
* It enables developers to query historical data from various blockchains, integrate custom datasets, and use cryptographic proofs (Proof of SQL) to ensure the integrity of the results.
* Space and Time has two main components:
* SXT Chain: A Substrate-based network that manages validator staking, consensus, and ZK proof verification.
* SXT Token: An ERC-20 utility token on Ethereum.
Functions of the SXT Coin:
* Securing the Network: Used for staking by validators to secure the network.
* Protocol-Level Payments: Facilitates payments for services within the Space and Time network.
* Governance Participation: Enables holders to participate in the governance of the platform.
* Incentivizing Data Supply: Rewards participants for contributing high-quality data.
* Economic Coordination: Drives the platform's economic model by aligning incentives among stakeholders.
SXT Tokenomics (as of May 7, 2025):
* Maximum Supply: 5,000,000,000 SXT
* Total Supply: 5,000,000,000 SXT
* Initial Circulating Supply: 1,400,000,000 SXT (28% of the total supply)
* Launchpool Allocation: 125,000,000 SXT (2.5% of the total supply) was allocated to the Binance Launchpool.
* Marketing Allocations: An initial 25,000,000 SXT, with an additional 50,000,000 SXT to be distributed six months after the spot trading listing.
Recent News and Developments:
* Binance Launchpool: Space and Time was the 69th project on Binance Launchpool, allowing users to earn SXT by staking BNB, FDUSD, and USDC. The farming period concluded on May 7, 2025.
* Binance Listing: SXT is scheduled to be listed on Binance for trading on May 8, 2025, with the pairs SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY.
* Bybit Listing: Bybit will list SXT/USDT for trading on May 8, 2025, with deposits opening on May 7 and withdrawals on May 9. They are also hosting events with a 2,300,000 SXT prize pool.
* Bitget Listing: Bitget will list the SXT/USDT trading pair on May 8, 2025.
* Chainlink Rewards: Space and Time is the first project to participate in Chainlink's new Rewards program, with an airdrop of SXT tokens claimable by eligible LINK stakers starting May 8, 2025. 4% of the SXT supply is allocated for this initiative.
* Funding and Partnerships: Space and Time has secured over $50 million in funding and has announced partnerships with networks like Sui and Karak.
* Microsoft Support: Microsoft is reportedly providing technical support for the launch of the SXT token.
SXT Price and Trading:
* As of today, May 7, 2025, SXT is not yet widely trading on major exchanges.
* Pre-market trading has been available on platforms like KuCoin.
* The price will become more readily available once it is officially listed on exchanges like Binance and Bitget on May 8, 2025. You can expect price updates on platforms like CoinMarketCap and CoinGecko following the listings.
In summary, SXT is the utility token for Space and Time, a project aiming to revolutionize decentralized data warehousing with its ZK-proven technology. Its upcoming listings on major exchanges and participation in the Chainlink Rewards program are significant events to watch.
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