$SOL
With the official announcement of #BinanceLaunchpoolSXT, the market is buzzing. This article dives into what SXT is, why Binance selected it, and what it means for users staking BNB and FDUSD on the platform.
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What Is SXT (SomaX Token)?
SXT is the native utility and governance token of SomaX Network, a Web3 platform focused on self-sovereign identity (SSI) and decentralized data ownership. It enables individuals and organizations to:
• Verify identity without centralized databases
• Tokenize and monetize personal data securely
• Participate in governance and protocol upgrades
Built on a cross-chain framework compatible with Ethereum and other EVM chains, SomaX Network leverages zero-knowledge proofs and decentralized oracles to ensure privacy, scalability, and trust.
Core Use Cases of SXT:
• Access to premium features on SomaX dApps
• Staking for validation nodes
• Payment for data licensing and access
• Voting on community proposals and upgrades
