Cours de Space and Time

SXT is the native utility token of Space and Time, a decentralized data warehouse that delivers verifiable, zero‑knowledge‑proven SQL data services for smart contracts and on‑chain applications. The protocol employs a hybrid two‑layer architecture, combining an ERC‑20 token on Ethereum with a Substrate‑based verifier network known as SXT Chain. As the primary unit of account, SXT powers transaction fees, staking collateral, and governance participation across the ecosystem. Leveraging its Proof of SQL coprocessor, Space and Time enables complex off‑chain queries to be executed once and verified on‑chain in under a second, ensuring tamper‑proof data processing. Backed by partnerships with Chainlink and Microsoft, SXT coordinates value exchange and rewards for data providers, validators, and developers. Officially launched on Binance Launchpool in May 2025, participants could farm SXT by staking BNB, USDC, or FDUSD over a two‑day period, kickstarting its distribution.

Space and Time’s hybrid design splits responsibilities between its on‑chain verifier network and off‑chain data processing layer. Validators on SXT Chain stake SXT to secure the network, witness data index commitments, and verify zero‑knowledge SQL proofs through a Proof of SQL consensus mechanism. Meanwhile, developers submit SQL queries via the Studio interface, which offloads intensive computation to specialized ZK‑provable nodes that generate succinct proofs. These proofs are then verified on SXT Chain, and the resulting data is made available to smart contracts for reliable, cryptographically attested responses. The system indexes full blockchain histories from Ethereum, Bitcoin, Polygon, and others, alongside custom off‑chain datasets, enabling unified, trustless queries across disparate data sources. Fees for data access and proof verification are paid in SXT, aligning economic incentives for contributors and consumers alike.

Space and Time was co‑founded in 2022 by Nate Holiday, Scott Dykstra, Jay White, and Craig Holiday, aiming to solve blockchain data scalability through zero‑knowledge proofs. Early research focused on developing Proof of SQL, with multiple testnet phases rolled out throughout 2023 and 2024 to refine ZK‑powered data indexing and verification. In early 2025, strategic partnerships and a $50 million funding round from investors such as Framework Ventures and Lightspeed accelerated development. On May 6, 2025, Space and Time launched its SXT farming program on Binance Launchpool, allowing users to stake BNB, USDC, or FDUSD to accrue SXT rewards over two days. The token went live on major exchanges, and a simultaneous Galxe airdrop campaign distributed additional allocations to community contributors.

SXT serves as the gas token for executing verified SQL queries and smart‑contract interactions on Space and Time’s network. Validators and delegators stake SXT to secure the verifier chain, earn block‑production rewards, and sign data commitments. In the decentralized data marketplace, data providers publish tables and receive SXT payments whenever their datasets are queried by dApps or AI agents. As a governance asset, SXT holders participate in on‑chain voting to adjust protocol parameters, fund grants, and steer roadmap priorities. The token also underpins ecosystem incentives, funding hackathons, developer grants, and community bounties to foster continued innovation.

Users could initially earn SXT by staking BNB, USDC, or FDUSD in Binance Launchpool from May 6–8, 2025, with rewards distributed daily throughout the farming period. Concurrently, a Galxe “Gigaclaim 0” airdrop allowed community members to complete tasks—such as quiz participation and social‑media engagement—to qualify for a share of 375 million SXT. Chainlink integration further rewarded eligible LINK stakers with SXT allocations as part of a cross‑protocol partnership. Post‑launch, developers and contributors can earn SXT through hackathon prizes, bug‑bounty programs, and content‑creation campaigns administered via Space and Time Studio. Partner exchanges like Binance Alpha may also run supplementary farming or airdrop events for platform users.

SXT has a fixed total supply of 5 billion tokens, all minted at genesis to prevent inflationary issuance. Approximately 28 % of the supply entered circulation at mainnet launch, funding validator rewards, ecosystem incentives, and early usage programs. The remaining tokens are held under long‑term vesting schedules for investors, team members, and advisors to align incentives over multi‑year horizons. Space and Time Foundation‑managed emissions control token release timing, balancing liquidity needs against market stability. Transaction fees incur partial burns, introducing deflationary pressure and offsetting ongoing validator rewards to maintain sustainable tokenomics.

To claim SXT airdrops, eligible users first visited the Gigaclaim 0 portal upon its launch on May 6, where they connected an Ethereum‑compatible wallet and completed KYC verification if required. Users then redeemed their Galxe‑earned points to enter the airdrop lottery, with winners able to claim tokens directly to their wallets starting May 8 without gas fees. Binance Alpha users received auto‑distributed SXT in their exchange accounts based on eligibility criteria, eliminating the need for manual claims. For future airdrop rounds and ongoing farming events, participants should monitor the official Space and Time X account and blog for announcements and claim instructions.