Binance has launched its 69th Launchpool project, which is Space and Time (SXT), a Microsoft-supported blockchain. The blockchain is centered around ZK-proof technology for safe and verifiable data management on different platforms and applications.
Farming the SXT token can be initiated by users by locking BNB, FDUSD, and USDC starting May 6, 2025, at midnight UTC. The Space and Time project is designed to increase on-chain and off-chain data trust for decentralized applications using sophisticated cryptographic techniques.
However, the Launchpool reward pool provides 125 million SXT tokens, equivalent to 2.5% of the token’s total 5 billion supply. Community members can participate in the event for two days through Binance, and the deadline is May 7, 2025.
Users who lock BNB will receive 106.25 million SXT as a reward, representing 85% of the Launchpool rewards. Stakers of FDUSD will receive 6.25 million SXT, and USDC holders are entitled to 12.5 million SXT tokens within the farming period. Daily allocation is uniform, offering the same opportunities on both days of the campaign.
Binance launches SXT spot trading May 8
However, spot trading for SXT opens on May 8, 2025, at 13:00 UTC on Binance with five trading pairs: SXT/USDT. It will briefly be listed on Binance Alpha as well before the complete spot trading is initiated. After launch, SXT will receive a Seed Tag, marking it as an innovative, new digital asset on the platform.
The initial circulating supply on launch is 1.4 billion SXT tokens, which is 28% of the maximum supply. The token is to be found on the Ethereum network with the contract address.
A Base network contract will soon be implemented within 48 hours of the announcement. Binance highlights that all the initial SXT offers from non-verified sources must be considered suspicious and avoided.
Nonetheless, the site demands full KYC verification to participate in Launchpool events. Members from restricted regions like the U.S., Japan, and Canada cannot participate in farming SXT during the event.
