Last night at 9 PM, Binance launched the spot SXT. I forgot to sell it during the live broadcast; I only remembered after the broadcast ended. By then, the price had already dropped a bit, so I was too lazy to sell. Currently, SXT is consolidating on a 4-hour level. Since there are no historical K-lines as a reference, let's focus on the top and bottom of this consolidation area. If it breaks below the bottom, it will go down; if it breaks above the top, it will go up; otherwise, it will continue to consolidate! Let's study this SXT token together.
Project Name: Space and Time ($SXT)
Project Introduction: ZK verification, the data foundation of Web3, a fully decentralized and community-operated hybrid trading database and analytical data warehouse.
ZK verification is the key algorithm in the web encryption process, ensuring the anonymity and security of transactions and accounts. The project raised a total of $50 million from seed round to round A, and the project's team is also quite strong, with a serious underlying protocol structure that can be applied in various project ecological encryption links.
Project Official Website: https://www.spaceandtime.io
Team Members: Nate Holiday, Scott Dykstra, Jay White, Craig Holiday, Rika Khurdayan (member resumes omitted)
Project Financing: $50 million
Financing Details:
On July 28, 2022, a seed round financing of $10 million was completed by 14 funds including Framework Ventures, Hashkey, GSR, DCG, IOSG, etc.
On September 27, 2022, a strategic financing of $20 million was completed with investments from Framework Ventures, M12, Hashkey, P2, Sevenx, Vision Ventures, and Blizzard Fund.
On August 27, 2024, a round A financing of $20 million was completed with investments from Framework Ventures, XRP, DCG, Hive, Faction, OKX, and many others.
On May 6-7, 2025, the Launchpool was launched with Binance Alpha airdrop, initiating a pool supply allocation of 2.5%.
Distribution Strategy: The Community is the 'Ace'
SXT's distribution reflects its decentralized original intention, with over 50% of the 5 billion tokens owned by the community:
Community (51.7%, 2.5825 billion SXT): 1.4 billion tokens are used for rewards (staking, retroactive claims, developer funding), and 1.1825 billion tokens are for ecological development (partnerships, protocol expansion). 375 million reward tokens are unlocked on day 0, initiating plans like Gigaclaims.
Investors (25.9%, 1.2953 billion SXT): Allocated to seed, strategic, and A-round investors, with a 4-year linear unlock and 15% unlocking after 12 months.
Team (22.4%, 1.1221 billion SXT): Belonging to MakeInfinite Labs and advisors, also with a 4-year unlock.
Initial circulation of 1.4 billion tokens (28%), of which 125 million tokens are used for Binance Launchpool, attracting participation of 18.6477 million BNB, 413 million FDUSD, and 2.081 billion USDC (as of May 6, 2025). The marketing distribution of 25 million tokens at listing and 50 million tokens after 6 months will continue to create momentum for the project.
The Ambition of SXT: From DeFi Pain Points to Data Revolution
The DeFi boom has made decentralized finance the focus, but the historical pain point of smart contracts being unable to access data efficiently is like a tight rein, limiting its imagination. Want DeFi to provide personalized loans based on on-chain history like traditional finance, or achieve complex cross-chain derivatives? SXT is here! It is not an ordinary blockchain project, but a decentralized database based on zero-knowledge proofs, specifically designed for the next generation of data-driven applications.
SXT's core weapon is Proof of SQL, a zero-knowledge co-processor that allows individual nodes to execute complex SQL queries, generate verifiable zero-knowledge proofs, and confirm results on-chain. Compared to the inefficiency of redundant calculations by all nodes in traditional blockchains, SXT compresses query latency to sub-second levels, being both fast and secure. This not only solves the data bottleneck for DeFi but also paves the way for tokenized real-world assets (RWA) and AI-driven smart contracts. Binance's TGE (Token Generation Event) and Chainlink's airdrop are just the beginning; SXT's true goal is to reshape the blockchain data ecosystem.
Architecture Revelation: The Perfect Collision of Zero-Knowledge and Decentralization
The architecture of SXT is like a carefully choreographed science fiction blockbuster, where zero-knowledge proofs and decentralized validator networks collaborate seamlessly, building a trust-minimized data empire. Let's take a closer look.
Proof of SQL: The 'Super Brain' of Smart Contracts
The soul of SXT is Proof of SQL. Traditional blockchains can handle simple transactions, but they struggle with large-scale data queries. Proof of SQL allows individual nodes to run SQL queries, generating zero-knowledge proofs to ensure the results are correct. Smart contracts only need to verify the proof to use the results without repeated calculations. What does this mean? Sub-second query speeds comparable to centralized systems without sacrificing decentralized security.
Taking SXT ecological partner Lendvest as an example, this DeFi lending protocol utilizes Proof of SQL to analyze borrower behavior in real-time, offering personalized loan conditions and enhancing market efficiency. This capability makes SXT a 'data accelerator' for DeFi and even the entire Web3.
Validator Network: The 'Guardian Legion' of Data
Even the most powerful Proof of SQL requires reliable data sources. The SXT validator network is responsible for collecting data from on-chain (such as Ethereum, Bitcoin, Polygon) and off-chain, indexing it into tamper-proof tables. Through Byzantine Fault Tolerance (BFT) consensus, validators generate cryptographic commitments of data states and confirm them with threshold signatures, ensuring data integrity.
The SXT token showcases its prowess here. Validators must stake SXT as a guarantee for honest behavior; signing incorrect commitments or going offline will face slashing. Staked SXT is not only the cornerstone of network security but also ensures the credibility of each zero-knowledge proof. The trust in smart contracts is backed by the data endorsed by this 'staking legion' with economic risk.
Cross-Chain Real-Time Data: Breaking the Fragmentation Curse
Another challenge for DeFi is data fragmentation—smart contracts find it difficult to access cross-chain or off-chain data. SXT has built a unified, queryable database by indexing data from the genesis blocks of major blockchains and updating it in real-time. Developers can access the complete history of Ethereum, ZKsync Era, or off-chain data without needing centralized oracles or cumbersome manual aggregation. This opens the door to complex use cases such as cross-chain derivatives and tokenized assets.
SXT Token: Igniting the Engine of the Decentralized Economy
SXT token is not only a technical link but also the lifeblood of the ecological economy. With a total supply of 5 billion tokens, SXT's economic model sparked heated discussions after its announcement on Binance on May 5, 2025. Let's see how it drives this decentralized empire.
The 'Trio' of the Token: Staking, Payment, and Incentives
SXT has three main uses in the ecosystem:
Network Security: Validators stake SXT to participate in consensus, ensuring the security of data tables. Stakers earn network fees, but improper behavior (such as data fraud) will lead to slashing. Delegated stakers can also share rewards by supporting validators.
Data Incentives: Table owners who publish high-quality datasets earn SXT, with market demand determining their income. This ensures that developers have a continuous supply of data.
Protocol Payment: SXT is the only payment method for queries, data insertion, and verifiable computation. Fees are distributed between validators (processing) and table owners (data), forming a self-sustaining ecological cycle.
Economic Model: A Continuous Decentralized Blueprint
SXT's economic model is like a precision machine, balancing incentives and constraints. Validators and delegated stakers profit from processing queries and data insertion, while table owners benefit from providing quality data. The fee distribution mechanism ensures a dual-drive of network security and data availability. As indexers and provers gradually decentralize, new staking roles will further enrich economic opportunities.
The ecological development fund is unlocked linearly over 4 years, supporting partnerships and innovations, ensuring SXT remains at the forefront of zero-knowledge technology. The popularity of Binance TGE and the support of Chainlink airdrop are the best proof of this model's appeal.
The Big Picture: Space and Time Foundation and the Vision of Decentralization
The ambition of SXT goes far beyond technical breakthroughs; it aims to pave the way for a decentralized future. Established at the end of 2024, the Space and Time Foundation is the helm of this vision. Led by Scott Dykstra (the first contributor) and Catherine Daly (Chief Marketing Officer), the foundation promotes research, ecological growth, and community governance. Initiatives such as funding, hackathons, and transparent governance empower developers, while MakeInfinite Labs focuses on zero-knowledge research and enterprise integration.
The establishment of the foundation marks a transition from corporate control to community governance. Its goal is to catalyze the next wave of blockchain, AI, and enterprise applications through zero-knowledge proof data. The support of Binance and Chainlink is just the prelude; SXT is weaving a decentralized dream for developers, stakers, and users.
The above is merely personal analysis and does not constitute investment advice. The new token has just been launched, carrying significant uncertainty and risk. It is impossible to analyze market trends through technical means; it may be wise to wait for stability and choose the right time to enter!
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