Binance has been extremely active lately, with new offerings, IDOs, and Alpha airdrops coming one after another. Just yesterday, I received 512 SXT from Binance, and SXT was also launched on Binance's launchpool. Friends holding BNB are also enjoying it; remember to deposit BNB in the launchpool next time you participate in a new offering. Next, let's learn more about the SXT project.$BNB $SXT

1. Project Overview

The SXT project focuses on specific sub-sectors of the Ethereum ecosystem, with the main goal of addressing the practical problems currently existing in the ecosystem, providing users with more efficient and convenient service experiences. The project is committed to creating a comprehensive decentralized platform that integrates multiple functional modules into an organic whole.

Specifically, SXT focuses on optimizing asset interaction and circulation within the Ethereum ecosystem. By establishing a complete mechanism, user operations during token trading, asset storage, or participation in various decentralized applications (DApps) will be smoother. Currently, SXT has already built the basic business framework, and some functions are gradually being put into use. For token trading, the SXT platform not only has lower transaction fees but also a faster transaction confirmation speed compared to many similar platforms, attracting more and more users to try it out.

2. Financing History

The SXT project is backed by strong capital support. As early as 2022, Microsoft led a strategic financing round of 20 million USD for MakeInfinite Labs (the original contributor of Space and Time). In 2024, the project completed a Series A financing of 20 million USD, led by well-known institutions such as Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, with Microsoft also participating. It is worth mentioning that Microsoft Azure has partnered with Space and Time to provide blockchain data support for Microsoft developers, indirectly reflecting SXT's potential.

3. Technical Highlights

In terms of technology, SXT has many outstanding features. In the design of smart contracts, the team adopted advanced architectures that improved contract execution efficiency and enhanced security. By repeatedly writing and testing contract code, the risk of vulnerabilities has been greatly reduced, effectively ensuring the security of users' assets.

In terms of network communication, SXT has introduced new technological solutions to improve data transmission methods between nodes, reducing transmission delays and significantly enhancing the overall system response speed. Additionally, the project team is actively exploring integration with Ethereum Layer 2 solutions, hoping to further improve transaction processing capabilities, reduce transaction costs, and alleviate congestion issues on the Ethereum mainnet.

4. Innovation

SXT has innovations in both its business model and user incentive mechanisms. In terms of business model, it breaks through the limitations of traditional Ethereum applications with single functions by integrating multiple functionalities on the same platform, providing users with a one-stop service. Users can complete various operations without switching back and forth between different platforms, significantly improving efficiency.

In terms of user incentive mechanisms, SXT has designed a reasonable token reward system. Users can earn corresponding token rewards for activities such as trading on the platform, providing liquidity, and promoting projects. This approach not only enhances user stickiness but also promotes the healthy development of the project ecosystem.

5. Token Model

The SXT token model is designed to support its decentralized network and ecosystem. The total token supply is 5 billion, with a current circulation of 1.4 billion and a circulating market value of 187 million USD.

Token distribution is mainly divided into three parts:

1. Community Portion (51.7%): A total of 2.5825 billion SXT. Among these, 1.4 billion are used to reward users, including staking rewards, retroactive claims, and developer funding; another 1.1825 billion are used for ecological development, such as establishing partnerships and promoting protocol expansion.

2. Investor Portion (25.9%): 1.2953 billion SXT are allocated to seed round, strategic round, and Series A investors. These tokens will be unlocked linearly over 4 years, with 15% unlocking after a 12-month lock-up period.

3. Team Portion (22.4%): 1.1221 billion SXT belong to the MakeInfinite Labs team and advisors, also with a 4-year unlocking period.

With the official launch of the SXT mainnet, the community scale continues to expand, and the project's influence in the decentralized data infrastructure field is expected to continue to grow. With technological innovations and strong partnerships, SXT will lay a solid foundation for the future development of Web3 applications. In the future, the project also plans to support developers and promote the continuous development of the entire ecosystem through funding support, hosting hackathons, and transparent governance. The development of SXT has just begun, and with technological advancements and ecosystem improvements, it is likely to become an important part of the decentralized economy.

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