Space and Time (SXT) Project Background
On May 6, 2025, Binance Launchpool launched its 69th project, Space and Time (SXT), allowing users to stake BNB, FDUSD, or USDC to farm SXT tokens. The project positions itself as a decentralized Web3 data infrastructure that leverages zero-knowledge proof (ZK) technology to address the trust gap between on-chain and off-chain data, providing verifiable real-world data sources for smart contracts. Space and Time’s core technology, Proof of SQL, enables developers to verify complex query results directly on-chain, such as DeFi protocol risk metrics or cross-chain liquidity data. Its ZK Coprocessor technology can generate data proofs in seconds, acting as a crucial bridge between blockchains and traditional databases.
The project has received technical backing from Microsoft and formed strategic partnerships with leading projects like Chainlink and Sui. Its ecosystem has a total value locked (TVL) exceeding $1.2 billion. Core functionalities include encrypted SQL query verification for smart contracts, cross-chain data indexing, and AI training data validation, covering use cases such as DeFi risk control and enterprise-level auditing. The Space and Time Foundation was established at the end of 2024 to promote ZK technology in data validation and aims to gradually decentralize the protocol via DAO governance.
SXT’s Technological Innovation and Market Positioning
Space and Time builds a decentralized data warehouse via the Proof of SQL protocol, supporting data indexing for over 20 blockchains including Ethereum and Bitcoin, and generating sub-second query proofs. Its security model relies on a validator network that stakes SXT tokens, using threshold signature mechanisms and slashing penalties to deter malicious behavior and ensure data immutability. Compared with similar projects, SXT stands out with its non-custodial transparency and cross-chain compatibility — all staked assets and query results are verifiable on-chain, while developers can use the LiquidityPad platform to customize data solutions.
SXT Tokenomics
SXT has a fixed total supply of 5 billion tokens, with an initial circulating supply of 28% (1.4 billion tokens), of which 125 million are distributed through Binance Launchpool. Token utilities include network staking, data payments, and governance voting. Holders can convert SXT to veSXT to participate in protocol governance and earn a share of transaction fees. Tokens allocated to the team and investors make up 36.15%, with a lock-up period until Q1 2026. Investors should note potential selling pressure after Q3 2025.
Practical Guide to Participating in Binance Launchpool
From 08:00 on May 6 to 00:00 on May 8, 2025 (UTC+8), users can stake BNB, FDUSD, or USDC on Binance Launchpool to earn SXT rewards. The BNB pool has 85% of the reward weight, with an hourly cap of 221,000 tokens per user. Rewards are calculated hourly based on snapshot balances. SXT will be listed on Binance Spot on May 8 at 21:00, with five trading pairs including SXT/USDT and SXT/TRY, and will be subject to Seed Tag restrictions to mitigate high-volatility trading.
Notably, Chainlink stakers will be eligible to claim 100 million SXT rewards in phases starting May 8, forming a dual-incentive model for DeFi and data protocols.
Risk and Long-Term Value Assessment
In the short term, SXT faces challenges related to the uncertainty of technological implementation and market sentiment volatility. Its ZK verification mechanism has yet to undergo large-scale stress testing, and Bitcoin’s post-halving weakness may negatively impact the token’s initial performance. Additionally, risks include token unlocks and competition from peers like The Graph and Chainlink Oracle.
In the long term, SXT’s potential hinges on ecosystem expansion and regulatory compliance. Space and Time plans to launch a DAO in Q3 2025 and integrate AI-powered data analytics tools, exploring the RWA (Real-World Assets) sector. If it can effectively address GDPR compliance for enterprise data services, SXT may emerge as the standard protocol for the Web3 data layer. Historical data shows that similar projects like The Graph saw weekly gains of 120%–200% post-launch, and Binance’s liquidity support could amplify market impact.
Future Ecosystem Development and Strategy Recommendations
Space and Time’s roadmap highlights integration with Microsoft AI tools and traditional financial institutions. It plans to connect on-chain and off-chain economies via the Stone.Pay payment system. For investors, it is recommended to monitor liquidity shifts and Chainlink stakers’ selling behavior on launch day in the short term, and track daily query volume and developer adoption rates over the long term.
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Neason Oliver
