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Cryptocurrency News Articles

Binance Lists Space and Time (SXT) as Its 69th Launchpool Project

May 06, 2025 at 01:20 am

Binance Lists Space and Time (SXT) as Its 69th Launchpool Project

Binance, the world’s largest cryptocurrency exchange, is set to list Space and Time (SXT) on its platform on May 8 at 13:00 UTC.

On May 5, Binance announced that SXT will be the 69th project on its Launchpool platform. Staking for the token on Launchpool will begin within 12 hours of the announcement.

SXT is the native token of Space and Time, a decentralized data warehouse built on Ethereum. Space and Time combines tamperproof data with enterprise-level analytics. It uses zero-knowledge proofs (ZK-proofs) to make sure data queries and analytics remain verifiable and secure. This makes Space and Time a powerful infrastructure layer for both Web3 projects and traditional businesses looking to integrate blockchain-based data systems.

SXT will be listed on Binance and available for trading against USDT, USDC, BNB, FDUSD, and TRY.

Early exposure to SXT will be granted through Binance Launchpool, where users can farm SXT by staking BNB, FDUSD, or USDC.

The farming period will begin on May 6 at 00:00 UTC and last for 2 days. A total of 2.5% of SXT’s total supply, which is 5 billion tokens, will be distributed as rewards through Launchpool. The distribution is divided into three pools:

106,250,000 SXT will be allocated to BNB stakers (85% of total rewards)

12,500,000 SXT will be allocated to USDC stakers (10%)

6,250,000 SXT will be allocated to FDUSD stakers (5%)

Each user can earn a maximum of 221,354 SXT during the farming period.

SXT will play a central role in the Space and Time ecosystem. It will be used to pay for access to data services and computation resources, to incentivize node operators, and to participate in the governance of the protocol. The project aims to serve as a reliable data layer for decentralized applications, smart contracts, AI models, and enterprise systems, all while ensuring the integrity of data through cryptographic proofs.

Space and Time is targeting a major need in the blockchain space—secure, scalable, and verifiable data infrastructure. With the backing of Binance and a strong utility model, SXT’s launch is one to watch closely.

Original source:binance

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