#BinanceLaunchpoolSXT
Overview of Binance Launchpool and SXT Token
Binance Launchpool is a platform designed to help new cryptocurrency projects launch their tokens by providing exposure, liquidity, and marketing support. Recently, Binance announced the 69th project on its Launchpool: Space and Time (SXT). This project is notable for being backed by Microsoft and focuses on zero-knowledge proofs for data verification.
Key Details about SXT Launchpool
Launch Dates and Participation
The SXT token will be available for users to earn through staking their existing cryptocurrencies starting from May 6, 2025, at 00:00 UTC. Users can lock their BNB, FDUSD, or USDC in designated pools to earn SXT tokens. The farming period will last until May 7, 2025, at 23:59 UTC, after which trading will commence on May 8, 2025, at 13:00 UTC with various trading pairs including SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY[1][2].
Token Distribution
The total supply of the SXT token is set at 5 billion tokens, with 125 million tokens allocated for distribution through the Launchpool. The rewards will be divided among three pools:
BNB Pool: 85% of rewards (106,250,000 SXT)
FDUSD Pool: 5% of rewards (6,250,000 SXT)
USDC Pool: 10% of rewards (12,500,000 SXT)
Each day during the farming period will see a distribution of:
FDUSD Pool: 3,125,000 SXT
USDC Pool: 6,250,000 SXT[2].
How to Participate
To participate in earning SXT tokens:
Update your Binance app to version 2.89.0 or higher.
Ensure you have sufficient balances in $BNB
, $FDUSD
or $USDC
Navigate to the "Earn" section and select "Launchpool".
Lock your assets in one or more pools.
Monitor your accumulated rewards hourly and claim them as desired[1][2].
In summary: The Binance Launchpool project featuring Space and Time (SXT) allows users to earn tokens by staking BNB, FDUSD, or USDC starting May 6th until May 7th before trading begins on May 8th.