A comprehensive analysis of SXT (Space and Time)
SXT is the native token of the decentralized data infrastructure project Space and Time, set to launch spot trading on Binance on May 8, 2025, at 21:00. As a hybrid transaction database and analytical data warehouse based on **zero-knowledge proofs (ZK)**, its goal is to address core pain points such as low data access efficiency in Web3 and fragmented cross-chain data, providing underlying protocol support for scenarios such as DeFi, AI-driven smart contracts, and tokenized real-world assets (RWA).
Project core highlights
1. Technical architecture and innovation
• Proof of SQL protocol: Achieves sub-second complex SQL queries through zero-knowledge co-processors, with individual nodes executing computations and generating verifiable proofs. Smart contracts can directly call results without repeated calculations, balancing efficiency and decentralized security.
• Validator network: Based on Byzantine Fault Tolerance (BFT) consensus mechanism, validators must stake SXT to ensure data integrity. Staked assets will serve as collateral for honest behavior, with violators facing token slashing.
• Cross-chain data indexing capability: Supports real-time indexing of data from mainstream public chains like Ethereum and Bitcoin starting from their genesis blocks, creating a unified and queryable decentralized database, breaking down on-chain/off-chain data silos.
2. Team and financing background
• Core team: Led by experienced professionals including Nate Holiday (Technical Lead) and Scott Dykstra (Co-founder), the team has experience in underlying protocol architecture and enterprise-level data solutions.
• Financing history: The project has raised a total of $50 million in funding, with investors including Framework Ventures, Hashkey, M12 (Microsoft Ventures), OKX, and 14 other institutions, including:
◦ 2022 seed round financing of $10 million;
◦ 2022 strategic round financing of $20 million;
◦ 2024 Series A financing of $20 million.
3. Token economic model
• Total supply: 5 billion SXT tokens
• Allocation mechanism:
◦ Community (51.7%): 2.5825 billion tokens, including 1.4 billion in reward pools (staking, developer grants) and 1.1825 billion in ecological funds;
◦ Investors (25.9%): 1.2953 billion tokens, with a 4-year linear unlocking schedule, and 15% unlocked after 12 months;
◦ Team (22.4%): 1.1221 billion tokens, unlocked over 4 years.
• Initial circulation: 1.4 billion tokens (28%), of which 125 million tokens were distributed through Binance Launchpool, attracting over 18.64 million BNB and 413 million FDUSD among other assets.
4. Token utility
• Network security: Validators stake SXT to participate in consensus, and stakers can earn a share of transaction fees;
• Data incentives: Quality dataset providers earn SXT through market demand;
• Protocol payment: Operations such as queries and data insertion require payment in SXT, with fees distributed proportionally to validators and data owners.
Risk warning
• Market volatility: New coins typically have low liquidity during the initial launch phase, making prices susceptible to market sentiment. The 4-hour horizontal range (top/bottom) can serve as a short-term observation indicator, with breakthroughs or breakdowns potentially triggering trend volatility.
• Technical validation risk: The practical implementation of zero-knowledge proofs and decentralized databases requires time for validation, and there is uncertainty in the expansion of ecological applications.
• Investment advice: It is recommended to wait for the market to stabilize and for the ecological fundamentals to gradually clarify before making decisions. Do not act solely based on short-term technical indicators.
For further project updates, you can visit the official website: https://www.spaceandtime.io
The above is just a personal analysis and does not constitute any investment advice!
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