Binance Launchpool announces that Space and Time (SXT) will be the 69th project. Event details below.
Details about SXT on Launchpool:
Token name: Space and Time (SXT)
Total token supply: 5,000,000,000 SXT
Total maximum token supply: 5,000,000,000 SXT
Token rewards on Launchpool: 125,000,000 SXT (2.5% of total token supply)
An additional 25,000,000 SXT will be allocated for other marketing campaigns (in batches) after listing on Spot. Detailed information will be provided in a separate announcement.
An additional 50,000,000 SXT will be allocated for other marketing campaigns (in batches) 6 months after listing on Spot. Detailed information will be provided in a separate announcement.
Initial circulating supply at listing on Binance: 1,400,000,000 SXT (28.00% of total token supply)
Details about the smart contract/network:
Ethereum, 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195
Base, 0xA2c22252cDc8b7cDdEe1B0b2E242818509fCf7b8
Read about Space and Time (SXT) in our research report here, the report will be available within 48 hours after this announcement.
Listing fee: 0
Launchpool terms will apply. Users must complete KYC to meet Binance's requirements.
Hourly Hard Cap per user:
221,354 SXT in the BNB pool
13,020 SXT in the FDUSD pool
26,040 SXT in the USDC pool
Supported pools:
Locking BNB (the website will be operational in about 12 hours): Reward 106,250,000 SXT (85%)
Locking FDUSD (the website will be operational in about 12 hours): Reward 6,250,000 SXT (5%)
Locking USDC (the website will be operational in about 12 hours): Reward 12,500,000 SXT (10%)
Farming time: 07:00 on 06/05/2025 (Vietnam Time) - 06:59 on 08/05/2025 (Vietnam Time)
Accumulated farming SXT:
What is Space and Time
Space and Time is designed to provide ZK-proven data for smart contracts to power the next generation of data-driven cryptocurrency applications. It indexes data from major blockchains, including Ethereum, and stores that data on a network of decentralized database validators. Developers can access, query ZK-prove, and connect this data back to their smart contracts using Proof of SQL, Space and Time's ZK co-processor under one second for SQL database queries.
Partners
- Space and Time is a Microsoft-backed project
- Microsoft led a [strategic funding round of $20 million](https://techcrunch.com/2022/09/27/microsofts-m12-led-20m-investment-in-web3-platform-space-and-time/) in 2022 for MakeInfinite Labs, the initial contributors to Space and Time.
- They participated in the second funding round for the company - [Series A funding round of $20 million](https://fortune.com/crypto/2024/08/27/exclusive-microsoft-space-and-time-framework-lightspeed-arrington-ai-crypto/) in 2024.
- Microsoft Azure has Space and Time to [provide blockchain data](https://m12.vc/news/space-and-time-launches-on-microsoft-azure-marketplace/) for Microsoft developers.
- ZK co-processor under one second
- Space and Time pioneers in creating a ZK co-processor under one second, Proof of SQL, to make smart contracts smarter.
- It demonstrates the ability to process over 600 thousand rows of data under one second, making it the fastest ZK co-processor in the industry.
- [Proof of SQL](https://github.com/spaceandtimelabs/sxt-proof-of-sql) has been opened on GitHub and currently has nearly 50 full-time contributors in the community.
- Proof of SQL has been [integrated by Google BigQuery](https://cloud.google.com/blog/topics/partners/how-space-and-times-proof-of-sql-integrates-with-bigquery).
- Trusted by major companies
Companies that have integrated or are building with data tools or services in the Space and Time ecosystem:
- Financial institutions such as Fidelity and US Bank
- Major cloud service providers such as Microsoft Azure and Google BigQuery
- The largest projects in the web3 space include Chainlink, Sui, and ZKsync
Core product
- [ZK co-processor](https://www.spaceandtime.io/sxt-platform/zk) - Proof of SQL is the fastest ZK co-processor in cryptocurrency, providing proof for over 600 thousand rows of data in <1 second.
- [Blockchain indexer](https://www.spaceandtime.io/sxt-platform/db) - Provides data from major blockchains including Ethereum.
- [Decentralized database](https://www.spaceandtime.io/sxt-platform/db): A decentralized Layer 1 blockchain validation network securing data for developers to query using Proof of SQL.
Resources
- [Whitepaper](https://spaceandtime.io/whitepaper)
- [Tokenomics](https://www.spaceandtime.io/blog/introducing-the-space-and-time-sxt-token)
- [Brand kit](https://www.spaceandtime.io/brandkit)
Information
- Website: https://www.spaceandtime.io/
- Discord: https://discord.gg/spaceandtimedb
- X: https://x.com/spaceandtimedb
Note:
Key highlights for Binance Alpha users:
Users can transfer SXT from Alpha Account to Spot Account.
SXT will be delisted from Binance Alpha when Spot trading opens on Binance Spot. Users will still be able to sell SXT through Binance Alpha.
After SXT is delisted from Binance Alpha, users can still view their SXT balance on the Alpha Account and transfer it to the Spot Account to continue trading on Binance Spot.
Binance will transfer SXT from users' Alpha Accounts to Spot Accounts at 13:00 (Vietnam Time) after one business day from the Spot listing.
Binance Alpha acts as a token selection pool before listing. When a project is introduced on Binance Alpha listing on Binance Spot, the asset(s) will no longer be displayed on Binance Alpha.
Users need to upgrade the Binance App to version 2.89.0 or higher.
The system will record the user's balance and the total balance of the pool multiple times, at any time during each hour to collect information about the user's average hourly balance and calculate the user's rewards. User rewards will be updated hourly.
Users can accumulate rewards (calculated hourly) and directly receive these rewards into their Spot account at any time.
The annual percentage yield (APY) of each pool and the total balance of the pool will be updated in real-time.
Each token can only be locked in one pool at a time. For example, user A cannot lock BNB into two different pools simultaneously, but is allowed to allocate 50% of their BNB into pool A and 50% into pool B.
At any time, users can unlock their funds immediately and participate in other available Launchpools.
The system will automatically transfer the tokens locked in each Launchpool and any unclaimed rewards to each user's Spot account at the end of the farming period.
Users who have locked their BNB in Flexible and Fixed Products, including Simple Earn BNB and Binance's On-chain Yield Products will automatically participate in Launchpool and receive new token rewards.
In case multiple Launchpool projects occur simultaneously, users' BNB assets in Flexible BNB Products and Fixed BNB Products will be divided and evenly allocated to each project, unless otherwise specified.
Assets in the Flexible BNB Products used as collateral on Binance Loans (Flexible interest rate) will not earn Launchpool rewards.
Staked BNB (slisBNB) and collateralized BNB (clisBNB) in Binance's non-custodial wallet will be supported for calculating Launchpool rewards.
Algorithmic orders for Spot will also be activated for the aforementioned pairs at 20:00 on 08/05/2025 (Vietnam Time), while the Spot Copy Trading feature and Trading Bot will be activated within 24 hours from the time of listing on Spot. For users with active Spot Copy Trading portfolios, they can add these pairs by activating them in the [Your preferred pairs] section in the Spot Copy Trading settings.
Users who have locked BNB in Launchpool will still receive standard benefits when holding BNB, such as airdrops and VIP benefits.
Binance reserves the right to cancel participation rights and reclaim rewards if a participant engages in dishonest or abusive behavior in Launchpool, including but not limited to registering from the same IP or device, registering multiple accounts to earn additional rewards, and any other behavior related to illegal, fraudulent, or harmful activities.
Participation in Launchpool is subject to eligibility criteria based on the user's country or region of residence. Please refer to the guidelines on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may change based on local rules, regulations, or other considerations. Currently, users from the following countries or regions will not be able to farm SXT: Australia, Canada, Cuba, Crimea, Iran, Japan, New Zealand, the Netherlands, North Korea, Syria, the United States, and territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and U.S. Virgin Islands) and any area of Ukraine not controlled by its government.
This list may be updated periodically at Binance's discretion.
There may be differences between the original English version and translations. Please refer to the original English version for the most accurate information in case of any discrepancies.