Binance launching #BinanceLaunchpoolSXT Space and Time (SXT), particularly with the detail that it's "backed by Microsoft," is designed to generate considerable interest.
What is Space and Time (SXT)?
Decentralized Data Warehouse / Verifiable Compute Layer: Space and Time (SxT) positions itself as a Web3 data platform. Its core function is to provide a decentralized data warehouse that connects and processes both on-chain (blockchain data) and off-chain data.
Zero-Knowledge (ZK) Proofs & Proof of SQL: A key technology it employs is "Proof of SQL," a novel zero-knowledge (ZK) protocol. This allows for trustless and verifiable data processing at scale, meaning it can prove that SQL queries run on its platform are tamperproof. This is crucial for smart contracts, dApps (decentralized applications), LLMs (Large Language Models), and enterprises that require secure and verifiable data.
For Smart Contracts, dApps, and Enterprises: The platform is designed to allow smart contracts to access data from various sources, bridge on-chain and off-chain data, and power a new generation of smart contract use cases, DeFi, and on-chain AI.
AI Integration: Space and Time aims to be at the intersection of AI and blockchain, providing tools and infrastructure for building smarter applications on-chain, including verifiable Large Language Models (LLMs).
SXT Chain: They have been developing the SXT Chain (currently in testnet) to support ZK-proven data processing.
Binance Launchpool & Listing Details:
69th Project on Binance Launchpool: This is a platform where Binance users can stake existing crypto assets (like BNB, FDUSD, USDC) to earn new tokens from upcoming projects before they are listed for trading.
Farming Period: Users can stake BNB, FDUSD, or USDC to farm SXT tokens for a limited period (typically a few days). According to the search results, this is set for May 6, 2025, to May 7, 2025 (2 days).
Token Rewards: A specific amount of SXT tokens (125,000,000 SXT, or 2.5% of the total supply) is allocated as rewards for Launchpool participants.
Spot Listing Date: SXT is scheduled to be listed for spot trading on Binance on May 8, 2025, at 13:00 UTC.
Trading Pairs: Expected trading pairs include SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY.
Seed Tag: The token will likely have a "Seed Tag" applied on Binance, which usually indicates it's a newer project that might have higher volatility.
Tokenomics:
Total Supply: 5,000,000,000 SXT
Initial Circulating Supply: Around 1,400,000,000 SXT (28% of total supply) at launch.
Issuance: SXT will be issued on the Ethereum mainnet and Base network.
The "Backed by Microsoft" Aspect:
Microsoft's M12 Venture Fund: Space and Time has received significant funding, including a strategic round led by M12, Microsoft's venture capital arm. This was part of their earlier funding rounds, bringing their total funding to around $50 million (with a notable $20 million Series A round).
Credibility and Enterprise Focus: The association with Microsoft, even through its venture fund, adds a layer of credibility and signals a potential focus on enterprise-grade solutions and adoption. It helps position Space and Time as a serious project in the Web3 data infrastructure space.
Marketing Angle: This "backing" is a strong marketing point, likely to attract attention from both retail and institutional investors.
Why This is Important:
Data Integrity in Web3: Verifiable and trustless data is a critical component for the growth and security of Web3 applications, especially in DeFi and for AI operating on-chain.
Binance Launchpool Effect: Projects launched on Binance Launchpool often receive significant initial visibility and can experience substantial trading volume upon listing.
Enterprise Adoption of Blockchain: Projects like Space and Time, with ties to major tech players like Microsoft (via M12), are indicative of the growing interest in bridging traditional enterprise data needs with blockchain capabilities.
This launch combines the hype of a new Binance listing with the perceived stability and potential of a project linked to a tech giant like Microsoft. As always in crypto, it's crucial for interested parties to do their own thorough research (DYOR) into the project's fundamentals, tokenomics, and long-term viability.
