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What Is Space and Time (SXT)?
Key Takeaways
Space and Time (SXT) is a decentralized protocol for verifiable data processing using zero-knowledge (ZK) cryptography.
It enables smart contracts and AI agents to access tamperproof, SQL-based data without relying on centralized services.
The core innovation, Proof of SQL, allows off-chain query results to be proven on-chain using zero-knowledge proofs.
SXT is the governance and utility token that powers the ecosystem and rewards node operators.
Introduction
Access to accurate, tamperproof data is essential for decentralized applications (DApps), smart contracts, and AI agents operating in trustless environments. Traditional data systems often rely on centralized sources, which can limit transparency and introduce vulnerabilities. To address this challenge, new decentralized data infrastructure is emerging to bridge the gap between Web2-scale systems and blockchain networks.
What Is Space and Time?
Space and Time is a decentralized data platform that enables verifiable off-chain data processing for on-chain applications. It allows developers to execute SQL queries on external datasets and validate those results on-chain using Proof of SQL, a zero-knowledge protocol that ensures cryptographic integrity.
The platform supports use cases across DeFi, AI, and enterprise applications by allowing DApps and AI agents to securely access and act on large volumes of data. Built with support from Microsoft, Space and Time is designed for multichain compatibility and currently supports networks such as Ethereum and Base.
Key components include:
Proof of SQL: A ZK-proof system for off-chain SQL computation.
Decentralized data warehouse: For ingesting and storing structured data.
Multichain compatibility: Supporting Ethereum, Base, and other networks.
Node infrastructure: For decentralized query processing and validation.
How Space and Time Works
Proof of SQL
Proof of SQL is the cryptographic engine that powers Space and Timeās verifiable compute layer. It generates zero-knowledge proofs that confirm a SQL query was run against a specific dataset without altering or fabricating the result. These proofs can then be submitted to a blockchain, where they can trigger smart contract logic based on verified external data.
This design allows developers to execute complex data queries off-chain while preserving full transparency and auditability on-chain.
Decentralized data warehouse
Space and Time supports data ingestion from blockchain networks, off-chain APIs, and enterprise sources. The data is structured and indexed within a decentralized SQL engine, accessible via familiar querying interfaces and developer tools. Users can define access permissions or expose data publicly, depending on application needs.
Blockchain interoperability
The protocol is blockchain-agnostic, supporting multichain verification via contracts deployed on Ethereum and Base:
Ethereum smart contract: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195
Base smart contract: 0xA2c22252cDc8b7cDdEe1B0b2E242818509fCf7b8
This interoperability allows any DApp to verify query results on-chain, regardless of where the data was processed.
Use cases
DeFi protocols: Querying and verifying TVL, trading volumes, or liquidity data.
AI agents: Receiving cryptographically proven inputs for decision-making.
Enterprise reporting: Auditable compliance and analytics with ZK verification.
The SXT Token
SXT is the native utility and governance token of the Space and Time ecosystem. It plays a key role in incentivizing validators, securing the network, and enabling community governance.
Tokenomics
Total supply: 5,000,000,000 SXT
Initial circulating supply: 1,400,000,000 SXT (28% of total supply)
Launchpool rewards: 125,000,000 SXT (2.5% of total supply)
Marketing allocations:
25,000,000 SXT in campaigns following listing
50,000,000 SXT in campaigns 6 months post-listing
Use cases
Data access: SXT is used to pay for query processing and verification
Staking: Validators stake SXT to participate in query validation
Governance: SXT holders can vote on ecosystem decisions
Rewards: SXT is distributed to node operators and contributors
SXT on Binance Launchpool
On May 5, 2025, Binance announced SXT as the 69th project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive SXT rewards. A total of 125 million SXT tokens were allocated to the program, accounting for 2.5% of the total token supply.
After the farming period, SXT will be listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.
Closing Thoughts
Space and Time delivers a decentralized infrastructure for verifiable computation and zero-knowledge data processing, addressing critical challenges in trustless data access for smart contracts and AI. With support from Microsoft, multichain integration, and an incentivized node network, the protocol enables scalable and transparent data flows across the Web3 landscape. The SXT token serves as the core mechanism to govern, secure, and expand the protocol.
Further Reading
What Is Zero-Knowledge Proof?
How Does Blockchain Work?
What Is Cross-Chain Interoperability?
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Space and Time (SXT) is a decentralized protocol for verifiable data processing using zero-knowledge (ZK) cryptography.
It enables smart contracts and AI agents to access tamperproof, SQL-based data without relying on centralized services.
The core innovation, Proof of SQL, allows off-chain query results to be proven on-chain using zero-knowledge proofs.
SXT is the governance and utility token that powers the ecosystem and rewards node operators.
Introduction
Access to accurate, tamperproof data is essential for decentralized applications (DApps), smart contracts, and AI agents operating in trustless environments. Traditional data systems often rely on centralized sources, which can limit transparency and introduce vulnerabilities. To address this challenge, new decentralized data infrastructure is emerging to bridge the gap between Web2-scale systems and blockchain networks.
What Is Space and Time?
Space and Time is a decentralized data platform that enables verifiable off-chain data processing for on-chain applications. It allows developers to execute SQL queries on external datasets and validate those results on-chain using Proof of SQL, a zero-knowledge protocol that ensures cryptographic integrity.
The platform supports use cases across DeFi, AI, and enterprise applications by allowing DApps and AI agents to securely access and act on large volumes of data. Built with support from Microsoft, Space and Time is designed for multichain compatibility and currently supports networks such as Ethereum and Base.
Key components include:
Proof of SQL: A ZK-proof system for off-chain SQL computation.
Decentralized data warehouse: For ingesting and storing structured data.
Multichain compatibility: Supporting Ethereum, Base, and other networks.
Node infrastructure: For decentralized query processing and validation.
How Space and Time Works
Proof of SQL
Proof of SQL is the cryptographic engine that powers Space and Timeās verifiable compute layer. It generates zero-knowledge proofs that confirm a SQL query was run against a specific dataset without altering or fabricating the result. These proofs can then be submitted to a blockchain, where they can trigger smart contract logic based on verified external data.
This design allows developers to execute complex data queries off-chain while preserving full transparency and auditability on-chain.
Decentralized data warehouse
Space and Time supports data ingestion from blockchain networks, off-chain APIs, and enterprise sources. The data is structured and indexed within a decentralized SQL engine, accessible via familiar querying interfaces and developer tools. Users can define access permissions or expose data publicly, depending on application needs.
Blockchain interoperability
The protocol is blockchain-agnostic, supporting multichain verification via contracts deployed on Ethereum and Base:
Ethereum smart contract: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195
Base smart contract: 0xA2c22252cDc8b7cDdEe1B0b2E242818509fCf7b8
This interoperability allows any DApp to verify query results on-chain, regardless of where the data was processed.
Use cases
DeFi protocols: Querying and verifying TVL, trading volumes, or liquidity data.
AI agents: Receiving cryptographically proven inputs for decision-making.
Enterprise reporting: Auditable compliance and analytics with ZK verification.
The SXT Token
SXT is the native utility and governance token of the Space and Time ecosystem. It plays a key role in incentivizing validators, securing the network, and enabling community governance.
Tokenomics
Total supply: 5,000,000,000 SXT
Initial circulating supply: 1,400,000,000 SXT (28% of total supply)
Launchpool rewards: 125,000,000 SXT (2.5% of total supply)
Marketing allocations:
25,000,000 SXT in campaigns following listing
50,000,000 SXT in campaigns 6 months post-listing
Use cases
Data access: SXT is used to pay for query processing and verification
Staking: Validators stake SXT to participate in query validation
Governance: SXT holders can vote on ecosystem decisions
Rewards: SXT is distributed to node operators and contributors
SXT on Binance Launchpool
On May 5, 2025, Binance announced SXT as the 69th project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive SXT rewards. A total of 125 million SXT tokens were allocated to the program, accounting for 2.5% of the total token supply.
After the farming period, SXT will be listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.
Closing Thoughts
Space and Time delivers a decentralized infrastructure for verifiable computation and zero-knowledge data processing, addressing critical challenges in trustless data access for smart contracts and AI. With support from Microsoft, multichain integration, and an incentivized node network, the protocol enables scalable and transparent data flows across the Web3 landscape. The SXT token serves as the core mechanism to govern, secure, and expand the protocol.
Further Reading
What Is Zero-Knowledge Proof?
How Does Blockchain Work?
What Is Cross-Chain Interoperability?
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
had a wonderful knowledge today
Binance Academy
--
What Is Space and Time (SXT)?
Key Takeaways
Space and Time (SXT) is a decentralized protocol for verifiable data processing using zero-knowledge (ZK) cryptography.
It enables smart contracts and AI agents to access tamperproof, SQL-based data without relying on centralized services.
The core innovation, Proof of SQL, allows off-chain query results to be proven on-chain using zero-knowledge proofs.
SXT is the governance and utility token that powers the ecosystem and rewards node operators.
Introduction
Access to accurate, tamperproof data is essential for decentralized applications (DApps), smart contracts, and AI agents operating in trustless environments. Traditional data systems often rely on centralized sources, which can limit transparency and introduce vulnerabilities. To address this challenge, new decentralized data infrastructure is emerging to bridge the gap between Web2-scale systems and blockchain networks.
What Is Space and Time?
Space and Time is a decentralized data platform that enables verifiable off-chain data processing for on-chain applications. It allows developers to execute SQL queries on external datasets and validate those results on-chain using Proof of SQL, a zero-knowledge protocol that ensures cryptographic integrity.
The platform supports use cases across DeFi, AI, and enterprise applications by allowing DApps and AI agents to securely access and act on large volumes of data. Built with support from Microsoft, Space and Time is designed for multichain compatibility and currently supports networks such as Ethereum and Base.
Key components include:
Proof of SQL: A ZK-proof system for off-chain SQL computation.
Decentralized data warehouse: For ingesting and storing structured data.
Multichain compatibility: Supporting Ethereum, Base, and other networks.
Node infrastructure: For decentralized query processing and validation.
How Space and Time Works
Proof of SQL
Proof of SQL is the cryptographic engine that powers Space and Timeās verifiable compute layer. It generates zero-knowledge proofs that confirm a SQL query was run against a specific dataset without altering or fabricating the result. These proofs can then be submitted to a blockchain, where they can trigger smart contract logic based on verified external data.
This design allows developers to execute complex data queries off-chain while preserving full transparency and auditability on-chain.
Decentralized data warehouse
Space and Time supports data ingestion from blockchain networks, off-chain APIs, and enterprise sources. The data is structured and indexed within a decentralized SQL engine, accessible via familiar querying interfaces and developer tools. Users can define access permissions or expose data publicly, depending on application needs.
Blockchain interoperability
The protocol is blockchain-agnostic, supporting multichain verification via contracts deployed on Ethereum and Base:
Ethereum smart contract: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195
Base smart contract: 0xA2c22252cDc8b7cDdEe1B0b2E242818509fCf7b8
This interoperability allows any DApp to verify query results on-chain, regardless of where the data was processed.
Use cases
DeFi protocols: Querying and verifying TVL, trading volumes, or liquidity data.
AI agents: Receiving cryptographically proven inputs for decision-making.
Enterprise reporting: Auditable compliance and analytics with ZK verification.
The SXT Token
SXT is the native utility and governance token of the Space and Time ecosystem. It plays a key role in incentivizing validators, securing the network, and enabling community governance.
Tokenomics
Total supply: 5,000,000,000 SXT
Initial circulating supply: 1,400,000,000 SXT (28% of total supply)
Launchpool rewards: 125,000,000 SXT (2.5% of total supply)
Marketing allocations:
25,000,000 SXT in campaigns following listing
50,000,000 SXT in campaigns 6 months post-listing
Use cases
Data access: SXT is used to pay for query processing and verification
Staking: Validators stake SXT to participate in query validation
Governance: SXT holders can vote on ecosystem decisions
Rewards: SXT is distributed to node operators and contributors
SXT on Binance Launchpool
On May 5, 2025, Binance announced SXT as the 69th project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive SXT rewards. A total of 125 million SXT tokens were allocated to the program, accounting for 2.5% of the total token supply.
After the farming period, SXT will be listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.
Closing Thoughts
Space and Time delivers a decentralized infrastructure for verifiable computation and zero-knowledge data processing, addressing critical challenges in trustless data access for smart contracts and AI. With support from Microsoft, multichain integration, and an incentivized node network, the protocol enables scalable and transparent data flows across the Web3 landscape. The SXT token serves as the core mechanism to govern, secure, and expand the protocol.
Further Reading
What Is Zero-Knowledge Proof?
How Does Blockchain Work?
What Is Cross-Chain Interoperability?
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Space and Time (SXT) is a decentralized protocol for verifiable data processing using zero-knowledge (ZK) cryptography.
It enables smart contracts and AI agents to access tamperproof, SQL-based data without relying on centralized services.
The core innovation, Proof of SQL, allows off-chain query results to be proven on-chain using zero-knowledge proofs.
SXT is the governance and utility token that powers the ecosystem and rewards node operators.
Introduction
Access to accurate, tamperproof data is essential for decentralized applications (DApps), smart contracts, and AI agents operating in trustless environments. Traditional data systems often rely on centralized sources, which can limit transparency and introduce vulnerabilities. To address this challenge, new decentralized data infrastructure is emerging to bridge the gap between Web2-scale systems and blockchain networks.
What Is Space and Time?
Space and Time is a decentralized data platform that enables verifiable off-chain data processing for on-chain applications. It allows developers to execute SQL queries on external datasets and validate those results on-chain using Proof of SQL, a zero-knowledge protocol that ensures cryptographic integrity.
The platform supports use cases across DeFi, AI, and enterprise applications by allowing DApps and AI agents to securely access and act on large volumes of data. Built with support from Microsoft, Space and Time is designed for multichain compatibility and currently supports networks such as Ethereum and Base.
Key components include:
Proof of SQL: A ZK-proof system for off-chain SQL computation.
Decentralized data warehouse: For ingesting and storing structured data.
Multichain compatibility: Supporting Ethereum, Base, and other networks.
Node infrastructure: For decentralized query processing and validation.
How Space and Time Works
Proof of SQL
Proof of SQL is the cryptographic engine that powers Space and Timeās verifiable compute layer. It generates zero-knowledge proofs that confirm a SQL query was run against a specific dataset without altering or fabricating the result. These proofs can then be submitted to a blockchain, where they can trigger smart contract logic based on verified external data.
This design allows developers to execute complex data queries off-chain while preserving full transparency and auditability on-chain.
Decentralized data warehouse
Space and Time supports data ingestion from blockchain networks, off-chain APIs, and enterprise sources. The data is structured and indexed within a decentralized SQL engine, accessible via familiar querying interfaces and developer tools. Users can define access permissions or expose data publicly, depending on application needs.
Blockchain interoperability
The protocol is blockchain-agnostic, supporting multichain verification via contracts deployed on Ethereum and Base:
Ethereum smart contract: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195
Base smart contract: 0xA2c22252cDc8b7cDdEe1B0b2E242818509fCf7b8
This interoperability allows any DApp to verify query results on-chain, regardless of where the data was processed.
Use cases
DeFi protocols: Querying and verifying TVL, trading volumes, or liquidity data.
AI agents: Receiving cryptographically proven inputs for decision-making.
Enterprise reporting: Auditable compliance and analytics with ZK verification.
The SXT Token
SXT is the native utility and governance token of the Space and Time ecosystem. It plays a key role in incentivizing validators, securing the network, and enabling community governance.
Tokenomics
Total supply: 5,000,000,000 SXT
Initial circulating supply: 1,400,000,000 SXT (28% of total supply)
Launchpool rewards: 125,000,000 SXT (2.5% of total supply)
Marketing allocations:
25,000,000 SXT in campaigns following listing
50,000,000 SXT in campaigns 6 months post-listing
Use cases
Data access: SXT is used to pay for query processing and verification
Staking: Validators stake SXT to participate in query validation
Governance: SXT holders can vote on ecosystem decisions
Rewards: SXT is distributed to node operators and contributors
SXT on Binance Launchpool
On May 5, 2025, Binance announced SXT as the 69th project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive SXT rewards. A total of 125 million SXT tokens were allocated to the program, accounting for 2.5% of the total token supply.
After the farming period, SXT will be listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.
Closing Thoughts
Space and Time delivers a decentralized infrastructure for verifiable computation and zero-knowledge data processing, addressing critical challenges in trustless data access for smart contracts and AI. With support from Microsoft, multichain integration, and an incentivized node network, the protocol enables scalable and transparent data flows across the Web3 landscape. The SXT token serves as the core mechanism to govern, secure, and expand the protocol.
Further Reading
What Is Zero-Knowledge Proof?
How Does Blockchain Work?
What Is Cross-Chain Interoperability?
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
grt learning
Binance Academy
--
What Is the Satoshi Test and How Does It Help With the Travel Rule?
Key Takeaways
The Travel Rule is a regulatory standard that requires crypto platforms to collect and share certain details about crypto transactions. The goal is to comply with international anti-money laundering regulations.
Binance users may be required to verify the ownership of wallet addresses before sending crypto to (or receiving crypto from) certain platforms.Ā
The Satoshi Test is a verification method that simplifies Travel Rule compliance through a small cryptocurrency transfer. Once completed, it removes the need to repeatedly verify a wallet address for every deposit or withdrawal.
Introduction
The Travel Rule is an international regulatory requirement that affects how crypto is sent between platforms. It obligates crypto service providers to share specific transaction details to prevent money laundering and terrorism financing. While the rule promotes financial security, it can add complexity to everyday crypto transactions.
The Satoshi Test is a feature that simplifies how users comply with the Travel Rule when making cryptocurrency transactions. By allowing a small test transfer of BTC or other crypto to confirm recipient wallet ownership, the Satoshi Test makes the user experience more efficient and secure, especially when used in combination with Binanceās Address Management feature.
What Is the Travel Rule?
The Travel Rule, officially known as the Financial Action Task Force (FATF) Recommendation 16, is a global standard that applies to Virtual Asset Service Providers (VASPs). It mandates that when users transfer crypto assets above a certain threshold between VASPs, both the senderās and recipientās information must be collected and exchanged.
This includes:
Senderās name and wallet address.
Recipientās name and wallet address.
Account numbers or unique transaction identifiers.
As a result, when users attempt to send funds from Binance to another VASP that also complies with the Travel Rule, the platform must verify the recipientās address ā often requiring manual steps, delays, or address verifications.
What Is the Satoshi Test?
The Satoshi Test is a feature designed to simplify the address verification process when sending crypto assets to another platform that is compliant to the Travel Rule. It allows users to verify a recipientās wallet by first sending a small amount of cryptocurrency to ensure the recipient controls the wallet.
How it works
Initiate a withdrawal: When a user attempts to withdraw crypto to an unverified address, the system may prompt them to complete a Satoshi Test.
Send a small test amount: The user sends a very small amount of crypto (e.g., 0.00001 BTC) to the recipient.
Recipient confirms receipt: The recipient confirms the amount and the transaction ID on their platform.
Address verified: Once confirmed, the full withdrawal can proceed, and the address is marked as verified for future use.
This verification method is especially useful for first-time transfers and avoids the need for manual document uploads or back-and-forth verifications.
Why the Satoshi Test Matters
The Satoshi Test significantly improves user experience by:
Reducing friction: Simplifies the process of verifying recipient wallets.
Enhancing security: Ensures users are sending crypto to the correct wallet address.
Faster transactions: Once an address is verified, itās much faster and easier for users to make new transfers.
Improving compliance: Helps Binance and its users stay aligned with regulatory requirements and expectations.
The Address Management Feature on Binance
The Address Management is a tool that allows Binance users to store and label wallet addresses, making future withdrawals much easier. Whitelisting addresses can also provide more security, reducing the risks of sending to the wrong recipient or typing the wrong address.
Depending on the case, Binance users can use the Address Management feature to verify wallet addresses via the Satoshi Test.
How to add a new address to the Address Management list
Log in to your Binance account and go to the Address Management page. You can also find it by navigating to [Account] ā [Security] ā [Withdrawal Whitelist].
Click [Add Address] to add a new withdrawal wallet address.
Add a label name to the address and fill in the information.
Depending on the case, you might be required to verify the address.
Ā Follow the instructions and complete the Satoshi Test (if requested).
For more information, please refer to the Binance FAQ.
Use Case Example
Imagine a user wants to send BTC from Binance to another exchange for the first time. Under Travel Rule compliance, the platform needs to verify the recipientās wallet. Instead of going through a lengthy process, the user opts for the Satoshi Test, sending a tiny amount of BTC. Once the recipient confirms, the user completes the full transfer and adds the address to their Address Management for future use. The process will be seamless the next time they send BTC to the same address.
Closing Thoughts
The Satoshi Test is a practical and efficient solution that allows Binance users to comply with the Travel Rule and other international AML regulations. By verifying wallet ownership through a small crypto transfer, the Satoshi Test can help reduce delays while providing more convenience and security.
Further Reading
What Is Satoshi Test and Travel Rule Address Book Feature?
What Is Anti-Money Laundering (AML)?
Who Is Satoshi Nakamoto?
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
The Travel Rule is a regulatory standard that requires crypto platforms to collect and share certain details about crypto transactions. The goal is to comply with international anti-money laundering regulations.
Binance users may be required to verify the ownership of wallet addresses before sending crypto to (or receiving crypto from) certain platforms.Ā
The Satoshi Test is a verification method that simplifies Travel Rule compliance through a small cryptocurrency transfer. Once completed, it removes the need to repeatedly verify a wallet address for every deposit or withdrawal.
Introduction
The Travel Rule is an international regulatory requirement that affects how crypto is sent between platforms. It obligates crypto service providers to share specific transaction details to prevent money laundering and terrorism financing. While the rule promotes financial security, it can add complexity to everyday crypto transactions.
The Satoshi Test is a feature that simplifies how users comply with the Travel Rule when making cryptocurrency transactions. By allowing a small test transfer of BTC or other crypto to confirm recipient wallet ownership, the Satoshi Test makes the user experience more efficient and secure, especially when used in combination with Binanceās Address Management feature.
What Is the Travel Rule?
The Travel Rule, officially known as the Financial Action Task Force (FATF) Recommendation 16, is a global standard that applies to Virtual Asset Service Providers (VASPs). It mandates that when users transfer crypto assets above a certain threshold between VASPs, both the senderās and recipientās information must be collected and exchanged.
This includes:
Senderās name and wallet address.
Recipientās name and wallet address.
Account numbers or unique transaction identifiers.
As a result, when users attempt to send funds from Binance to another VASP that also complies with the Travel Rule, the platform must verify the recipientās address ā often requiring manual steps, delays, or address verifications.
What Is the Satoshi Test?
The Satoshi Test is a feature designed to simplify the address verification process when sending crypto assets to another platform that is compliant to the Travel Rule. It allows users to verify a recipientās wallet by first sending a small amount of cryptocurrency to ensure the recipient controls the wallet.
How it works
Initiate a withdrawal: When a user attempts to withdraw crypto to an unverified address, the system may prompt them to complete a Satoshi Test.
Send a small test amount: The user sends a very small amount of crypto (e.g., 0.00001 BTC) to the recipient.
Recipient confirms receipt: The recipient confirms the amount and the transaction ID on their platform.
Address verified: Once confirmed, the full withdrawal can proceed, and the address is marked as verified for future use.
This verification method is especially useful for first-time transfers and avoids the need for manual document uploads or back-and-forth verifications.
Why the Satoshi Test Matters
The Satoshi Test significantly improves user experience by:
Reducing friction: Simplifies the process of verifying recipient wallets.
Enhancing security: Ensures users are sending crypto to the correct wallet address.
Faster transactions: Once an address is verified, itās much faster and easier for users to make new transfers.
Improving compliance: Helps Binance and its users stay aligned with regulatory requirements and expectations.
The Address Management Feature on Binance
The Address Management is a tool that allows Binance users to store and label wallet addresses, making future withdrawals much easier. Whitelisting addresses can also provide more security, reducing the risks of sending to the wrong recipient or typing the wrong address.
Depending on the case, Binance users can use the Address Management feature to verify wallet addresses via the Satoshi Test.
How to add a new address to the Address Management list
Log in to your Binance account and go to the Address Management page. You can also find it by navigating to [Account] ā [Security] ā [Withdrawal Whitelist].
Click [Add Address] to add a new withdrawal wallet address.
Add a label name to the address and fill in the information.
Depending on the case, you might be required to verify the address.
Ā Follow the instructions and complete the Satoshi Test (if requested).
For more information, please refer to the Binance FAQ.
Use Case Example
Imagine a user wants to send BTC from Binance to another exchange for the first time. Under Travel Rule compliance, the platform needs to verify the recipientās wallet. Instead of going through a lengthy process, the user opts for the Satoshi Test, sending a tiny amount of BTC. Once the recipient confirms, the user completes the full transfer and adds the address to their Address Management for future use. The process will be seamless the next time they send BTC to the same address.
Closing Thoughts
The Satoshi Test is a practical and efficient solution that allows Binance users to comply with the Travel Rule and other international AML regulations. By verifying wallet ownership through a small crypto transfer, the Satoshi Test can help reduce delays while providing more convenience and security.
Further Reading
What Is Satoshi Test and Travel Rule Address Book Feature?
What Is Anti-Money Laundering (AML)?
Who Is Satoshi Nakamoto?
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is it good to hold spg or not!!
Mastercard Integrates Stablecoins for Real-World Payments
Mastercard is embracing stablecoins to enhance global payments and remittances. Through partnerships, including one with MoonPay, users can convert stablecoins like USDC into local currencies for real-world purchases. This move aims to bridge traditional finance and digital currencies.
Key Takeaways:
Stablecoin integration facilitates seamless cross-border transactions.
Partnerships enable real-world use of digital currencies.
Mastercard's initiative reflects growing acceptance of crypto
Key Takeaways:
Stablecoin integration facilitates seamless cross-border transactions.
Partnerships enable real-world use of digital currencies.
Mastercard's initiative reflects growing acceptance of crypto
Ethereum Eyes $5K as Pectra Upgrade Boosts Confidence
Ethereum's price has surged by 35% recently, approaching the $3,000 mark. The rally is attributed to the successful Pectra upgrade, which enhances staking and interoperability with layer-2 chains. Analysts predict Ethereum could reach $5,000 in 2025 if positive trends continue.
Key Takeaways:
Ethereum's price nears $3,000 after a significant rally.
Pectra upgrade improves network functionality and investor confidence.
Potential for Ethereum to reach $5,000 in the coming year.
#Ethereum
Key Takeaways:
Ethereum's price nears $3,000 after a significant rally.
Pectra upgrade improves network functionality and investor confidence.
Potential for Ethereum to reach $5,000 in the coming year.
#Ethereum
Coinbase Faces $400M Loss After Insider-Driven Data Breach
Coinbase has disclosed a significant data breach resulting from scammers bribing external customer support agents to access sensitive user information. The breach, affecting less than 1% of users, could cost the company up to $400 million. Coinbase is offering a $20 million reward for information leading to the perpetrators.
Key Takeaways:
Sensitive user data compromised through insider bribery.
Potential financial impact estimated between $180 million and $400 million.
Company refuses t
Key Takeaways:
Sensitive user data compromised through insider bribery.
Potential financial impact estimated between $180 million and $400 million.
Company refuses t
š° Article 1: Bitcoin Surpasses $104K Amid Institutional Buying and Rate Cut Hopes Bitcoin has surg
š° Article 1: Bitcoin Surpasses $104K Amid Institutional Buying and Rate Cut Hopes
Bitcoin has surged past the $104,000 mark, driven by optimism over potential U.S. interest rate cuts and increased institutional investment. This rally underscores Bitcoin's resilience and growing appeal among institutional investors, even as altcoins show mixed performance.
Key Takeaways:
Bitcoin's price exceeds $104,000, signaling strong market confidence.
Institutional investors are increasingly viewing Bitcoi
Bitcoin has surged past the $104,000 mark, driven by optimism over potential U.S. interest rate cuts and increased institutional investment. This rally underscores Bitcoin's resilience and growing appeal among institutional investors, even as altcoins show mixed performance.
Key Takeaways:
Bitcoin's price exceeds $104,000, signaling strong market confidence.
Institutional investors are increasingly viewing Bitcoi
"In the world of crypto, volatility is not a threat ā itās an opportunity. The key is not to predict the wave, but to learn how to ride it."
ready to go
#pizza Day
#pizza Day
Binance Square Official
--
As part of Binanceās Pizza Day celebrations, Binance Square is pleased to introduce a new promotion where users can complete simple tasks to unlock a share of 6,000 USDC token vouchers.Ā
Activity Period: 2025-05-15 12:00 (UTC) to 2025-05-28 23:59 (UTC)
Promotion A: New Square Users Only - Complete Tasks to Unlock 50 Binance Points and Share 5,000 USDC in Token VouchersĀ
New Square users can unlock 50 Binance Points and a share of 5,000 USDC when they create their first post on Binance Square!Ā
Eligible users who have never created a post on Binance Square before 2025-05-15 12:00 (UTC) can participate in this Promotion to equally share 5,000 USDC token vouchers, capped at 5 USDC per participant.Ā
- Set up your Square profile (i.e., bio, username, profile picture)Ā
- Follow 5 creators and gain 5 followersĀ
- Comment, like, and share 5 posts on SquareĀ
- Create your first post on Square to claim 50 points in the Task CenterĀ
Promotion B: All Square Users - Create a Post with #BinancePizza to Share 1,000 USDCĀ
In the spirit of Bitcoin Pizza Day, where we celebrate the first-ever real-world transaction in crypto, users may create a post on Binance Square with the hashtag #BinancePizza and the trade sharing widget to share with us any trade you make during the Activity Period.Ā
All eligible users who create an eligible post will share the 1,000 USDC token voucher rewards pool equally, capped at 5 USDC in token voucher per participant.
Only Square posts that contain at least 100 characters and have at least 5 engagements (including likes, shares, comments, and reposts), will count as eligible posts in Promotion A and/or Promotion B.Ā
- This Activity may not be available in your region.
- Token vouchers will be distributed within 21 working days after the Activity ends.
- Binance reserves the right to cancel a userās eligibility in this activity if the account is involved in any behavior that breaches the Community Management Guidelines or Community Platform Terms and Conditions
Activity Period: 2025-05-15 12:00 (UTC) to 2025-05-28 23:59 (UTC)
Promotion A: New Square Users Only - Complete Tasks to Unlock 50 Binance Points and Share 5,000 USDC in Token VouchersĀ
New Square users can unlock 50 Binance Points and a share of 5,000 USDC when they create their first post on Binance Square!Ā
Eligible users who have never created a post on Binance Square before 2025-05-15 12:00 (UTC) can participate in this Promotion to equally share 5,000 USDC token vouchers, capped at 5 USDC per participant.Ā
- Set up your Square profile (i.e., bio, username, profile picture)Ā
- Follow 5 creators and gain 5 followersĀ
- Comment, like, and share 5 posts on SquareĀ
- Create your first post on Square to claim 50 points in the Task CenterĀ
Promotion B: All Square Users - Create a Post with #BinancePizza to Share 1,000 USDCĀ
In the spirit of Bitcoin Pizza Day, where we celebrate the first-ever real-world transaction in crypto, users may create a post on Binance Square with the hashtag #BinancePizza and the trade sharing widget to share with us any trade you make during the Activity Period.Ā
All eligible users who create an eligible post will share the 1,000 USDC token voucher rewards pool equally, capped at 5 USDC in token voucher per participant.
Only Square posts that contain at least 100 characters and have at least 5 engagements (including likes, shares, comments, and reposts), will count as eligible posts in Promotion A and/or Promotion B.Ā
- This Activity may not be available in your region.
- Token vouchers will be distributed within 21 working days after the Activity ends.
- Binance reserves the right to cancel a userās eligibility in this activity if the account is involved in any behavior that breaches the Community Management Guidelines or Community Platform Terms and Conditions
#kaia chain
Kaia Chain
--
Join us tomorrow in an hour of alpha drops and big plans from the teams shaping the future of @dapp_portal!
Panel AMA with the Mini Dapps on LINE - May 2025 Lineup, featuring:
š Ab, Project Lead of @CosmicBomberK
š Alex, COO of @larvasurvival
š Yoshiyuki, Executive Producer of @lastmemoriesen
š Adi, Creator of @LoveTerminal_AI
š Joe, Head of UA of @MergePals
š¤ Hosted by Sean (@naesemrap) from Kaia Foundation, this power-packed panel goes live on 15th May at 12PM UTC on Kaiaās X, Facebook and YouTube.
Panel AMA with the Mini Dapps on LINE - May 2025 Lineup, featuring:
š Ab, Project Lead of @CosmicBomberK
š Alex, COO of @larvasurvival
š Yoshiyuki, Executive Producer of @lastmemoriesen
š Adi, Creator of @LoveTerminal_AI
š Joe, Head of UA of @MergePals
š¤ Hosted by Sean (@naesemrap) from Kaia Foundation, this power-packed panel goes live on 15th May at 12PM UTC on Kaiaās X, Facebook and YouTube.
Kaia Chain
--
š„ LINE Mini DApps x Kaia: The Future of Web3 š
Web3 just got more exciting! š The DApp Portal, powered by Kaia, is launching soon on LINE Messenger - bringing gaming, NFTs and more directly to over 196M+ LINE users. Weāre unlocking the gateway to Web3 mass adoption across Japan, Thailand, Taiwan, Indonesia and beyond. š
š Builders, your time is now! Join the Kaia Wave Program to build, launch and scale your Mini DApps with unmatched support in Asiaās largest Web3 ecosystem.
š² Discover how Mini DApps are revolutionizing the app-within-an-app model: šš¼ https://t.co/C5el4TW9Iy
#KaiaChain #KaiaWave #LINENEXT #MiniDApps
Web3 just got more exciting! š The DApp Portal, powered by Kaia, is launching soon on LINE Messenger - bringing gaming, NFTs and more directly to over 196M+ LINE users. Weāre unlocking the gateway to Web3 mass adoption across Japan, Thailand, Taiwan, Indonesia and beyond. š
š Builders, your time is now! Join the Kaia Wave Program to build, launch and scale your Mini DApps with unmatched support in Asiaās largest Web3 ecosystem.
š² Discover how Mini DApps are revolutionizing the app-within-an-app model: šš¼ https://t.co/C5el4TW9Iy
#KaiaChain #KaiaWave #LINENEXT #MiniDApps
learning and earning, what an opportunity binance has given to the world!! love what you do Mr cZ
Broccoli BNB
--
Bullish
š„¦ Weāre excited to announce the #Broccoli Giveaway is now LIVE on @Binance Square Official !
Complete tasks on Binance Square for a chance to share in a $10,000 Total Rewards Pool of $BROCCOLI714 .
Touch grass? Nah. Itās time to touch Square. š„¦š„
Campaign Link
Complete tasks on Binance Square for a chance to share in a $10,000 Total Rewards Pool of $BROCCOLI714 .
Touch grass? Nah. Itās time to touch Square. š„¦š„
Campaign Link
Bitcoin Reserves, Bullish Projections & IPO Buzz ā A Power-Packed Week in Crypto! As the crypto mar
Bitcoin Reserves, Bullish Projections & IPO Buzz ā A Power-Packed Week in Crypto!
As the crypto market gears up for a massive transformation, here are the top headlines that could define the next leg of the bull run.
---
1. Bitcoin's Strategic Reserve: US Leads the Way
In a historic move, the U.S. government has reportedly accumulated over 207,000 BTC, launching whatās now termed the Strategic Bitcoin Reserve. This bold initiative not only sets a precedent for global adoption but also highlights
As the crypto market gears up for a massive transformation, here are the top headlines that could define the next leg of the bull run.
---
1. Bitcoin's Strategic Reserve: US Leads the Way
In a historic move, the U.S. government has reportedly accumulated over 207,000 BTC, launching whatās now termed the Strategic Bitcoin Reserve. This bold initiative not only sets a precedent for global adoption but also highlights
š Market Momentum & Bold Predictions
Bitcoin (BTC) is trading at approximately $102,038, with Ethereum (ETH) at $2,506 and BNB around $647. Despite minor pullbacks, the market remains bullish.
Analysts at Bernstein project the total crypto market cap could reach $7.5 trillion by the end of 2025, driven by institutional adoption and the success of Bitcoin ETFs.
Bitcoin (BTC) is trading at approximately $102,038, with Ethereum (ETH) at $2,506 and BNB around $647. Despite minor pullbacks, the market remains bullish.
Analysts at Bernstein project the total crypto market cap could reach $7.5 trillion by the end of 2025, driven by institutional adoption and the success of Bitcoin ETFs.
š§ Final Thoughts
The crypto landscape in 2025 is marked by significant institutional adoption, regulatory advancements, and geopolitical entanglements. As the market continues to evolve, staying informed and vigilant is crucial for navigating the opportunities and challenges ahead.
The crypto landscape in 2025 is marked by significant institutional adoption, regulatory advancements, and geopolitical entanglements. As the market continues to evolve, staying informed and vigilant is crucial for navigating the opportunities and challenges ahead.
š„ Major Market Movements
Israeli trading platform eToro made a strong debut on Nasdaq, with its stock surging 29% above its IPO price, closing at $67. This marks one of the first major IPOs on Wall Street since recent market uncertainties.
Israeli trading platform eToro made a strong debut on Nasdaq, with its stock surging 29% above its IPO price, closing at $67. This marks one of the first major IPOs on Wall Street since recent market uncertainties.
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BinanceAlpha$1.7MReward
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$1.7M Up for Grabs: Are You Ready to Think Like an Alpha?
Binance just dropped one of its biggest community rewards ever ā $1.7 million in crypto for the sharpest minds and fastest fingers. The #BinanceAlpha$1.7MReward program isnāt just about trading. Itās about outsmarting the market, predicting the next trend, and joining the Alpha elite.
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Alpha isnāt luck. Alpha is earned.
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Drop a fire emoji if youāre entering the game.
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