Space and Time (SXT) is the 69th Project on Binance Launchpool

Binance is adding the Space and Time (SXT) token to its Launchpool platform, offering users a chance to earn new tokens by staking some of their existing crypto.

This time, the project in the spotlight is Space and Time, a Microsoft-backed blockchain project that is focused on zero-knowledge-proven data, enabling verifiable database operations that can connect to smart contracts.

For those interested in participating, here's a breakdown of how to join the SXT Launchpool on Binance.

How To Join The SXT Launchpool On Binance

To participate in the SXT Launchpool on Binance, follow these steps:

Update Your Binance App Version

Make sure you're using Binance App version 2.89.0 or higher. This update is crucial for accessing the latest Launchpool features and ensuring a smooth farming experience.

Prepare Your Eligible Assets

The SXT Launchpool supports three different assets for farming:

* BNB

* FDUSD

* USDC

Make sure you have sufficient balances of any of these assets in your Binance Spot Account before the farming begins.

Access The Launchpool Page

Navigate to the "Earn" section of the Binance app or the “More” drop down on the Binance website and select "Launchpool" from the menu options. Locate and select the Space and Time (SXT) project card to view the details and join the Launchpool.

Lock Your Assets

Choose which pool(s) you wish to participate in (BNB, FDUSD, or USDC) and input the token amount you want to lock in the pool. Finally, click the "Lock" button to confirm your participation. Note that you can join multiple pools but each token can only be locked in one pool at a time.

Monitor And Claim Your SXT Tokens

Once farming begins on May 6, 2025, at 00:00 (UTC), your SXT tokens will begin accumulating hourly. Binance will take snapshots of user balances throughout each hour to calculate the rewards. You can view your accrued SXT tokens in the Launchpool dashboard.

Claim your SXT tokens at any time by clicking the "Claim" button. Your claimed tokens will be credited to your Spot Account immediately.

Prepare For SXT Trading

After the farming period ends on May 7, 2025, at 23:59 (UTC), SXT will be listed for trading.

Trading will commence on Binance on May 8, 2025, at 13:00 (UTC). You will be able to trade your earned SXT tokens through these pairs: SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY.

Any unclaimed SXT tokens will be credited to your Spot Account at the end of the farming period.

What Is Space and Time (SXT)?

Space and Time is a decentralized data warehouse that has built-in cryptographic verification. The platform provides "Proof of SQL," which is a novel zero-knowledge protocol that enables trustless data processing at scale.

Key Features Of Space and Time

Space and Time aims to solve several problems that are hindering the development of the Web3 ecosystem.

The platform claims to offer:

scalability for smart contracts and dapps

verifiable data operations

cross-chain interoperability

a way to connect existing data to smart contracts

The Role Of The SXT Token

The SXT token is used for performing administrative tasks on the Space and Time network, and it can be delegated to trusted peers to perform network functions. It is also used for governance voting on proposals to upgrade the network.

SXT Token Details

Total supply: 1 billion

Platform: Optimism

Smart contract: 0x8623…740DE

SXT token on Optimism Mainnet

Rewards Distribution Details

The SXT Launchpool rewards will be distributed over a 2-day farming period, beginning on May 6, 2025, at 00:00 (UTC), and ending on May 7, 2025, at 23:59 (UTC). Each day, a total of 62,500,000 SXT tokens will be distributed across the three pools:

* BNB

* FDUSD

* USDC

There are also hourly hard caps per user to ensure fair distribution:

Each user can farm a maximum of 2,500 SXT tokens per hour.

The allocated SXT tokens for each pool will be distributed proportionally to the users' balance snapshot and the total pool snapshot at the end of each hour.

For instance, if User A has 10% of the total FDUSD snapshot in the FDUSD pool at the end of the hour, User A will receive 10% of the allocated