The SXT token is the native currency of the Space and Time project, which is the first decentralized data warehouse supporting reliable SQL queries on blockchain data and external data, enhancing the integration of smart contracts with real-world systems.
The importance of the SXT project in the market:
A solution to a real problem in Web3:
The project provides a platform that allows blockchain applications to use and analyze external data in a secure and verifiable manner using Proof of SQL technology. This is what DeFi applications, AI, decentralized gaming, and others need.
Enhancing data reliability:
By combining on-chain and off-chain data in an encrypted and transparent manner, the project ensures accurate data provisioning for smart contracts, reducing risks and increasing the efficiency of decentralized systems.
Strong institutional and technical support:
Supported by: Binance Labs, Microsoft, Chainlink, Avalanche.
The project team includes former experts from Google, Oracle, IBM.
Token details (SXT):
Currency type: ERC-20 (on the Ethereum network).
Total supply: 5 billion SXT.
Circulating supply at launch: 1.4 billion (28%).
Uses:
Paying for query and storage fees.
Incentivization through rewards.
Decentralized governance.
Securing the network through staking.
Growth opportunities:
The entry of SXT into the market through Binance Launchpool increases the likelihood of rapid adoption.
The expansion of blockchain-supported data usage boosts demand for the project.
The use of AI and data analytics gives the project a broader horizon than just cryptocurrencies.
Overall rating:
SXT is not just a currency; it represents a fundamental digital infrastructure for the future of Web3.
Its presence in the market enhances the connection between the decentralized world and real-world data securely and transparently. With support from major market players, SXT is expected to play a significant role in the upcoming digital economy.