$SXT is the native token of @Space and Time a decentralized data warehouse for Web3 and AI, enabling verifiable data processing and integration with smart contracts using Proof of SQL. The token is used to pay for data processing, reward validators and data providers, and to secure the network through staking. SXT tokens are issued on the @
#Ethereum blockchain as an ERC-20 token and serve to incentivize community contributions and ensure network security through a decentralized economic model.
What is @Space and Time ?
Decentralized Data Warehouse:
Space and Time provides a platform for decentralized data storage and processing.
Verifiable Computing:
It uses a groundbreaking technology called Proof of SQL to provide verifiable, zero-knowledge-proof-backed computation for off-chain data.
AI and Web3 Focus:
The platform is designed for use cases in AI, Web3, and smart contracts, allowing developers to combine on-chain and off-chain data securely.
What is the SXT Token Used For?
Staking:
Validators must stake SXT to participate in the
network's consensus mechanism.
Payment:
SXT is used to pay for data processing services and access to the platform's data.
Incentives:
It rewards validators and other participants for their contributions to the network.
Security:
Staking SXT is a mechanism to ensure the integrity and security of the Space and Time network.
Governance:
SXT is intended to enable decentralized governance within the Space and Time ecosystem in the future.
Key Features
Native ERC-20 Token: SXT is an Ethereum-based token.
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Most important note:
Microsoft Backing: The project has received funding from Microsoft's venture firm, M12.
Developer-Friendly Tools: The platform provides tools, including familiar SQL interfaces and APIs, to make it easier for developers to build applications using the combined power of blockchain and AI.
