Binance has officially announced the 69th project to debut on its Launchpool platform: Space and Time (SXT), a blockchain protocol backed by Microsoft, known for integrating zero-knowledge (ZK) proofs to verify data integrity.
Starting May 6, 2025, at 00:00 UTC, users will be able to farm SXT tokens by staking BNB, FDUSD, and USDC on Launchpool. Farming will run for two days, ending on May 7, 2025, with a total of 125 million SXT tokens (2.5% of total supply) allocated as Launchpool rewards.
Binance has confirmed that trading for SXT will go live on May 8, 2025, at 13:00 UTC, across five trading pairs: SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY. A Seed Tag will be attached to the token to indicate its emerging status.
Launchpool Breakdown:
BNB Pool: 106.25 million SXT (85% of rewards)
FDUSD Pool: 6.25 million SXT (5%)
USDC Pool: 12.5 million SXT (10%)
Hourly hard caps: 221,354 SXT (BNB), 13,020 SXT (FDUSD), 26,040 SXT (USDC)
SXT will initially launch on Ethereum (contract address: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195), with a Base chain contract to follow. Binance will support automatic transfer of assets from Alpha Accounts to Spot Accounts after SXT is delisted from the Alpha platform post-listing.
The initial circulating supply of SXT will be 1.4 billion tokens (28% of total). Another 75 million SXT will be allocated to future marketing efforts.
Users participating in the Launchpool must have completed KYC verification and be from eligible regions. Countries like the U.S., Canada, Australia, and others are excluded due to regulatory restrictions.
Additional Highlights:
Rewards updated hourly; tokens unlockable at any time.
Launchpool participants using BNB retain airdrop and VIP benefits.
APY and pool balances updated in real-time.
Binance emphasizes the importance of vigilance against scams, warning that any token offerings prior to the official listing date may be fraudulent.
About SXT:
Space and Time aims to offer secure, decentralized data warehousing with cryptographic verification via ZK-proofs — a growing trend in privacy-preserving blockchain infrastructure.
For more details, users are encouraged to review the official announcement and upcoming research reports.