Project #SXT
1. Definition of SXT Coin
SXT (Space and Time) is the native token of the Space and Time network, the first decentralized database in the cryptocurrency world based on Zero-Knowledge Proof (ZK-Proofs) and SQL Proof technologies to ensure data integrity and verifiability. This network aims to bridge the gap between traditional data systems (Web2) and the blockchain world (Web3), enabling developers to build complex applications based on reliable data without the need for centralized intermediaries.
2. Importance of SXT Coin
* Solving the Data Problem in Smart Contracts:
Smart contracts face limitations in accessing external data or processing complex queries. Here comes the role of SXT, which offers Proof of SQL technology that allows complex database queries to be executed off-chain, generating cryptographic proofs (ZK-Proofs) that are verified on-chain. This gives smart contracts unprecedented ability to interact with real and secure data.
* Integration between Web2 and Web3:
Through the Infinite Tables feature, the network connects traditional data (such as financial records) with blockchain data in a single decentralized system. This opens the door for hybrid applications, such as smart lending platforms that verify users' income through external data while reviewing their activity on DeFi networks.
3. Security and Decentralization:
The network relies on a network of validators who stake SXT tokens to participate in securing data. Data is collected from multiple sources, categorized in protected tables, and then cryptographic commitments are generated that serve as the basis for all queries. This model ensures resistance to Byzantine faults and maintains transparency.
4. Strong Institutional and Technical Support:
The project is supported by technology giant Microsoft through its cloud platform Azure, along with investments from major funds like HashKey and Framework Ventures. It also received early listing on the Binance Launchpool, where 125 million SXT tokens were distributed as rewards for participants, enhancing trust within the crypto community in the project.
5. Wide-ranging Applications:
- Decentralized Finance (DeFi): Big data analytics to develop smarter lending protocols.
- Digital Games: Managing complex states and distributing rewards based on player performance.
- Dynamic Non-Fungible Tokens (NFTs): Updating NFT properties according to user time-based data.
- Governance Systems: Ensuring transparency in voting processes across multiple chains
SXT Tokenomics
- Total Supply: 5 billion tokens, with 51.7% allocated to community stakeholders to ensure network decentralization.
- Token Uses:
- Securing the network through staking.
- Paying service usage fees (such as SQL queries).
- Participating in decentralized governance.
6. Technical Innovation and Core Utility
- Decentralized Database Supported by ZK-Proofs: SXT is the first project to integrate traditional databases with blockchain technologies through a SQL proof system, allowing complex queries on data while ensuring their validity through cryptographic proofs (ZK-Proofs). This enables smart contracts to securely rely on external data without the need for intermediaries.
- Integration between Web2 and Web3: The Infinite Tables feature allows linking traditional data (like bank accounts) with blockchain data, opening up possibilities for hybrid applications in areas such as decentralized finance (DeFi) and dynamic gaming.
7. Institutional Support and Partnerships
- Microsoft Support: The project is technically and financially supported by Microsoft through its cloud platform Azure, boosting its credibility and scalability.
- Funding and Marketing from Binance: The Binance platform allocated $75 million for marketing campaigns to support SXT, including $25 million directly after listing and $50 million after 6 months. The currency was also listed on Launchpool with a distribution of 125 million SXT (2.5% of the total supply of 5 billion) as rewards for participants in digital farming.
8. Distribution and Tokenomics
- Community Allocation: 51.7% of the total supply (5 billion SXT) is allocated to community stakeholders, aimed at enhancing decentralization and long-term incentives.
- Token Uses: SXT is used to secure the network through staking, pay service fees, and participate in governance. Rewards are also given to validators who maintain data integrity.
9. Investment Opportunities and Risks
- Launch on Binance: Official trading of SXT began on May 8, 2025, with pairs like SXT/USDT and SXT/BNB, classified under Seed Tag to indicate its high potential as a 'new project'.
- Regulatory Risks: Some countries like the United States and Canada are excluded from participating in Launchpool due to legal restrictions. The novelty of the project also means potential price volatility.
10. Future Predictions
- Practical Applications: SXT is expected to support advanced use cases such as DeFi analytics, AI integration with blockchain data, and decentralized voting systems.
- Global Expansion: With significant marketing support from Binance and technical partnerships like Microsoft, the project may become a cornerstone in the Web3 infrastructure.
Summary
Space and Time (SXT) is an ambitious project that combines technical innovation (like ZK-Proofs and SQL Proof) with strong institutional support. Despite the risks associated with the novelty of the project and regulatory constraints, its opportunity to change how decentralized applications interact with data makes it one of the promising projects in the blockchain space. Investors are advised to monitor its performance in the early weeks after listing and study the available technical analysis reports on platforms like Bitget.
