The Crypto market is starting to heat up again, Binance continues to launch the 69th Launchpool project, which is Space and Time (SXT) on the Launchpool portal for users to receive free reward tokens! The market is rising, new listed projects benefit significantly, and users participating in Binance products receive free tokens to benefit. The Space and Time (SXT) project is a Microsoft-backed blockchain specializing in ZK-proven data, emphasizing that it is backed by Microsoft. The project is also quite stable in communication, so today let's quickly learn about the project with Trading Insight.
What is Space and Time (SXT)? and how to participate in the launchpool on Binance to receive free tokens.
What is Space and Time (SXT)?
Space and Time is a Microsoft-backed blockchain specializing in ZK-proven data. Space and Time allows smart contracts, AI agents, and on-chain applications to query data on-chain and off-chain at scale and verify results with cryptographic proofs.
Project highlights
The biggest highlight of the project is the backing of Microsoft raising $20 million to merge AI and blockchain (Specifically, Space and Time raised $20 million led by Microsoft's M12 Ventures, which also participated in the Series A round in September 2022). One of Microsoft's unique Web3 investments.
The world's fastest ZK processor with SQL query processing speed of over 600k+ lines of data in under 1 second, with verifiable cryptography on-chain.
Combining on-chain and off-chain data allows smart contracts to access multi-source data transparently and without trust.
Trusted by: Renowned financial institutions like US Bank, major cloud service providers like Microsoft Azure and Google BigQuery, along with the largest projects in the web3 space including Chainlink, Sui, and ZKsync that have integrated or are building data tools or services in the Space and Time ecosystem.
Additional explanation of terms for users:
Appchain: is a specialized blockchain for a single application (like building a custom chain for optimization)
Rollup is a technology that "rolls" transactions to reduce load on Ethereum, including (ZK-Rollup (using cryptographic proof) and (Optimistic Rollup (assuming valid transactions)
EVM/MoveVM/WasmVM Essentially is the "engine" running smart contracts, EVM: For Solidity (Ethereum), MoveVM: Move language (Sui/Aptos), WasmVM: Multi-language (Polkadot/Near)
IBC is a "WiFi bridge" between blockchains that allows transferring tokens from Cosmos to Osmosis without the need for CEX.
Token Fungibility: is money with a 1:1 value, and each NFT is unique. You can understand it as money exchange at equal rates.
Existing products of Space and Time
Verifiable Blockchain Indexing: Collecting data from major blockchains like Ethereum.
Decentralized Database (SXT Chain): Signing and storing indexed data (and off-chain data) for clients to query.
Sub-Second ZK Coprocessor: Checking queries based on stored data and delivering to clients on main chains.
Technical foundation of Space and Time:
The foundation of Space and Time is a decentralized layer 1 blockchain, where validators verify all data entered into the network, update, and sign cryptographic commitments on the data before recording them on-chain. Developers can query this data through Proof of SQL and receive trustless, tamper-proof results on-chain.
Turning SQL into verifiable query language on the blockchain. Space and Time is not just a blockchain - but the first "decentralized Google BigQuery" for Web3!
Commercial and business development progress according to the providing project:
1. Chainlink: Decentralized oracle platform. Chainlink's DeFi profit index leverages blockchain indexing technology and databases from the Space and Time ecosystem.
2. Microsoft: Leading cloud service provider. Azure utilizes blockchain indexing services in the Space and Time ecosystem to provide blockchain data for its developers.
3. Google Cloud: Leading cloud provider. SQL proof is integrated in Google BigQuery.
4. Sui: L1 based on Move. SQL proof is integrated throughout their products and ecosystem.
Tokenomics of Space and Time
SXT token allocation by providing project:
Team & Advisors: 22.4% (1.12B tokens)
Investors: 25.9% (1.3B tokens)
Community: 51.7% (2.58B tokens) - Decentralization focus
Community rewards (28%):
• 7.5% (375M tokens) unlocked from the start
• Includes retroactive claims, staking, and developer support
- Ecosystem development (23.7%):
• Partnership funding, protocol development, and long-term initiatives
The project proposes over 50% of tokens to the community to ensure decentralization and sustainable development.
According to data provided by Binance:
Ecosystem & Community: 39.15%
Binance Users: 4.50%
Community Airdrops: 6.00%
Market Makers: 2.00%
Team: 22.44%
Investors: 25.91%
Token Release Schedule
Guide to participate in Launchpool on Binance
What is Launchpool?
Binance Launchpool allows you to earn new tokens by staking cryptocurrencies like FDUSD, BNB into designated pools. The number of new tokens you receive will depend on the amount of coins you stake and the total number of coins in the pool.
Conditions to participate in Launchpool
Binance Account: You need to have a verified KYC Binance account.
BNB, FDUSD: You must have a certain amount of tokens in your Spot wallet to stake.
How to participate in Binance Launchpool
Step 1: Access Binance Launchpool or https://launchpad.binance.com/vi
Select the project you want to participate in
On the Launchpool page, you will see new projects running. Select the project you are interested in and click on the project name to see details.
Step 2: Deposit assets into the pool
After you have selected a project, you can choose between staking pools (BNB, FDUSD). Click the Lock button.
Enter the amount of BNB, FDUSD you want to stake. The system will automatically calculate the rewards you receive based on the number of coins you stake.
Step 3: Receive reward tokens
After staking, you can check your daily token rewards in the Rewards History or Pending Harvest section.
Reward tokens can be requested to transfer to any Spot wallet at any time throughout the Launchpool project.
Details about SXT Launchpool:
Token name: Space and Time (SXT)
Total token supply: 5,000,000,000 SXT
Maximum token supply: 5,000,000,000 SXT
Launchpool token rewards: 125,000,000 SXT (2.5% of total token supply)
25,000,000 SXT will be allocated for other marketing campaigns (in tranches) after listing. Details will be displayed in a separate announcement.
50,000,000 SXT will be allocated for other marketing campaigns (in tranches) 6 months after listing on-site. Details will be displayed in a separate announcement.
Initial circulating supply when listed on Binance: 1,400,000,000 SXT (28.00% of total token supply)
Supported pools:
BNB Lock (website will be available in about 12 hours): 106,250,000 SXT rewards (85%)
FDUSD Lock (website will be available in about 12 hours): 6,250,000 SXT rewards (5%)
LockUSDC (website will be available in about 12 hours): 12,500,000 SXT rewards (10%)
Access the launchpool here: https://launchpad.binance.com/en/launchpool/SXT_BNB
Details of Space and Time (SXT) Launchpool rewards here:
https://www.binance.com/en/support/announcement/detail/7d695afee5c14c789dd8accb05cda42a
Summary
Space and Time (SXT) is a project with truly strong backing, and it can also be seen that Space and Time is not just a blockchain - but the first "decentralized Google BigQuery" for Web3, with unlimited development potential. However, note the volatility of the token, especially when the project is newly launched and developed. The value of the token can be significantly affected by the market and external factors.
For any new project, taking the time to study and research thoroughly is extremely important. Trading Insight will always provide complete information and knowledge to help you have a more comprehensive view of the market, both in the present and the future. Don't forget to follow and interact with Trading Insight to get the latest information!
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