What is Space and Time?
Figure:https://www.spaceandtime.io/
Space and Time is a database project aimed at providing verifiable, decentralized, and zero-knowledge proof support for Web3 applications. Traditional smart contracts struggle to handle complex data queries due to performance limitations, and the “Proof of SQL” zero-knowledge co-processor offered by Space and Time is designed to address this issue.
The system allows SQL queries to be executed only once, but ensures the correctness of the results through ZK proofs, which can be verified on-chain. This mechanism greatly improves efficiency while ensuring data immutability and transparency.
The core function of the SXT token
SXT is the native token of the Space and Time network, playing the following key roles:
- Staking and Validation: Nodes must stake SXT to participate in the consensus process, generate signatures for data states, and ensure the integrity and accuracy of on-chain data.
- Penalty Mechanism (Slashing): Malicious or lazy behavior (such as submitting invalid data or being offline for an extended period) will result in a penalty on the staked SXT, thereby ensuring system security.
- Economic Security Model: All ZK query results rely on these node signatures supported by SXT to verify the trustworthiness of the results.
- Payment function: SXT serves as the trading medium within the protocol, and users need to use SXT to pay for data queries, data uploads, calculations, and other operational fees.
The economic model of Space and Time
Space and Time has established an incentive system centered around data quality and node service capabilities, specifically including:
- Cybersecurity Incentives: Nodes participate in validation by staking SXT and receive network fee rewards.
- Data Provider Rewards: Publishers of high-quality data (referred to as table owners) can earn SXT rewards.
- Protocol Payment System: All users must use SXT to pay related fees when making data calls, uploads, and calculations in the network, and the fees are shared by validators and data providers.
This design ensures the sustainability and decentralization of the entire network, reduces the risk of single points of failure, and incentivizes more participants to continuously contribute value.
SXT Token Distribution and Unlocking Plan
Figure:https://www.spaceandtime.io/blog/introducing-the-space-and-time-sxt-token
The total supply of SXT is 5 billion coins, with the specific distribution as follows:
- Team: 1.122 billion tokens (22.4%), obtained by the MakeInfinite Labs team and early contributors.
- Investors: 1.295 billion tokens (25.9%), allocated to seed round, strategic round, and Series A investors.
- Community: 2.582 billion tokens (51.7%), which includes two parts: community incentives and ecological development.
- Community Incentives: 1.4 billion (28.0%), including staking rewards, developer rewards, and early user airdrops (such as Gigaclaims).
- Ecological Development Fund: 1.183 billion tokens (23.7%), used for collaboration, protocol development, and growth strategies.
In terms of the unlocking plan, the community incentive portion is fully unlocked on Day 0, while the team and investors will undergo a 4-year linear unlocking process, with a 15% cliff unlock point set at the 12th month. The ecosystem fund will also start its 4-year linear unlocking on Day 0.
SXT Market Performance
On May 9, 2025, the price of SXT is around $0.15. The new coin has significant fluctuations upon launch, please trade cautiously and be aware of the risks. Currently, SXT has been launched.GateSpot area, click the link to trade:https://www.Gate.com/trade/SXT_USDT
Summary: The Value of SXT in Web3
Space and Time is an important step for the Web3 world towards data-driven smart contracts, while SXT is an indispensable incentive and security foundation within the entire ecosystem. By combining ZK technology with distributed databases, Space and Time empowers on-chain applications to achieve complex computations and high-quality data calls, providing critical infrastructure for the Web3 ecosystem.
Whether it’s developers, node operators, or data providers, SXT is the core tool for them to participate in the network and gain rewards. As Web3 applications continue to evolve, the demand for verifiable data is growing, and Space and Time (SXT) is expected to become a leader in the trusted data infrastructure.
