Binance TGE, Chainlink airdrop, what exactly is SXT?

Author: Luke, Mars Finance

Binance Launchpool has kicked off with great enthusiasm, and the Chainlink community is airdropping 1 billion tokens, sparking heated discussions around the name Space and Time (SXT) in the blockchain circle. Backed by Microsoft and enhanced by zero-knowledge proofs (ZK), what exactly is SXT?

SXT's Ambition: From DeFi Pain Points to Data Revolution

The DeFi craze has made decentralized finance a focal point, but the historical pain point of smart contracts being unable to efficiently access data acts like a shackle, limiting its imagination. Want DeFi to offer personalized loans based on on-chain history like traditional finance, or to realize complex cross-chain derivatives? Here comes SXT! It is not an ordinary blockchain project but a decentralized database based on zero-knowledge proofs, specifically designed for the next generation of data-driven applications.

SXT's core weapon is Proof of SQL, a zero-knowledge co-processor that allows a single node to execute complex SQL queries, generate verifiable zero-knowledge proofs, and confirm results on-chain. Compared to the inefficiency of redundant computations by all nodes in traditional blockchains, SXT compresses query latency to sub-second levels, making it both fast and secure. This not only addresses the data bottleneck in DeFi but also paves the way for tokenizing real-world assets (RWA) and AI-driven smart contracts. Binance's TGE (Token Generation Event) and Chainlink's airdrop are just the starting point; SXT's true goal is to reshape the data ecosystem of blockchain.

Architecture Reveal: The Perfect Collision of Zero-Knowledge and Decentralization

The architecture of SXT resembles a meticulously crafted sci-fi blockbuster, where zero-knowledge proofs and a decentralized validator network work seamlessly together to build a trust-minimized data empire. Let’s take a closer look.

Proof of SQL: The "Super Brain" of Smart Contracts

The soul of SXT is Proof of SQL. Traditional blockchains can handle simple transactions, but they struggle with large-scale data queries. Proof of SQL allows a single node to run SQL queries, generate zero-knowledge proofs, and ensure the results are correct. Smart contracts only need to verify the proof to use the results, eliminating the need for redundant calculations. What does this mean? Sub-second query speeds, comparable to centralized systems, without sacrificing the security of decentralization.

Take SXT ecosystem partner Lendvest as an example; this DeFi lending protocol utilizes Proof of SQL to analyze borrower behavior in real-time, providing personalized loan conditions and enhancing market efficiency. This capability positions SXT as a "data accelerator" for DeFi and even the entire Web3.

Validator Network: The "Guardian Legion" of Data

No matter how powerful Proof of SQL is, it still requires reliable data sources. SXT's validator network is responsible for collecting data from on-chain (such as Ethereum, Bitcoin, Polygon) and off-chain sources, indexing it into tamper-proof tables. Through Byzantine Fault Tolerance (BFT) consensus, validators generate cryptographic commitments to the data state and confirm them with threshold signatures, ensuring data integrity.

SXT tokens play a crucial role here. Validators must stake SXT as a guarantee of honest behavior; signing incorrect commitments or going offline will result in slashing. The staked SXT is not only the cornerstone of network security but also the assurance of the credibility of each zero-knowledge proof. What smart contracts trust is the data backed by this "staking legion" with economic risks.

Cross-Chain Real-Time Data: Breaking the Fragmentation Curse

Another challenge in DeFi is data fragmentation—smart contracts struggle to access cross-chain or off-chain data. SXT builds a unified, queryable database by indexing data starting from the genesis block of major blockchains and updating it in real-time. Developers can access the complete history of Ethereum, ZKsync Era, or off-chain data without needing centralized oracles or cumbersome manual aggregation. This opens the door to complex use cases like cross-chain derivatives and tokenized assets.

SXT Token: The Engine Igniting the Decentralized Economy

The SXT token is not only a technical link but also the lifeblood of the ecosystem's economy. With a total supply of 5 billion, the economic model of SXT has sparked discussions since its announcement on May 5, 2025, by Binance. Let’s see how it drives this decentralized empire.

The "Trio" of Tokens: Staking, Payment, Incentives

SXT has three main uses in the ecosystem:

Network Security: Validators stake SXT to participate in consensus, ensuring the security of data tables. Stakers earn network fees, but if they act improperly (e.g., data fraud), they will be slashed. Delegated stakers can also share rewards by supporting validators.
Data Incentives: Table owners who publish high-quality datasets earn SXT, with market demand determining their income. This ensures a continuous supply of data for developers.
Protocol Payments: SXT is the only payment method for queries, data insertion, and verifiable computation. Fees are distributed between validators (processing) and table owners (data), forming a self-sustaining ecological cycle.

Distribution Strategy: The Community is the "Ace"

The distribution of SXT highlights its decentralized ethos, with over 50% of the 5 billion tokens allocated to the community:

Community (51.7%, 2.5825 billion SXT): 1.4 billion for rewards (staking, retroactive claims, developer funding), 1.1825 billion for ecosystem development (partnerships, protocol expansion). 375 million reward tokens were unlocked on Day 0 to kickstart initiatives like Gigaclaims.
Investors (25.9%, 1.2953 billion SXT): Allocated to seed, strategic, and Series A investors, with a 4-year linear unlock, 15% unlocking after 12 months.
Team (22.4%, 1.1221 billion SXT): Allocated to MakeInfinite Labs and advisors, also with a 4-year unlock.

The initial circulation is 1.4 billion (28%), with 125 million allocated to Binance Launchpool, attracting participation from 18.6477 million BNB, 413 million FDUSD, and 2.081 billion USDC (as of May 6, 2025). The marketing allocation of 25 million tokens at launch and 50 million after 6 months will continue to generate momentum for the project.

Chainlink Airdrop: The "Detonator" of 1 Billion SXT

Chainlink's community incentive program has elevated the excitement around SXT. In 2025, Chainlink allocated 2 billion SXT to the ecosystem, with 1 billion distributed to LINK stakers during the Season Genesis phase. Starting from May 8, eligible stakers can claim within 90 days, and unclaimed tokens will be used for future rewards. This airdrop not only expands SXT's community base but also strengthens its position in data-driven DeFi.

Economic Model: A Self-Sustaining Decentralized Blueprint

SXT's economic model functions like a precision machine, balancing incentives and constraints. Validators and delegated stakers profit from processing queries and data insertion, while table owners benefit from providing high-quality data. The fee distribution mechanism ensures that network security and data availability drive each other. As indexers and provers gradually decentralize, new staking roles will further enrich economic opportunities.

The ecosystem development fund will unlock linearly over 4 years, supporting partnerships and innovation, ensuring SXT remains at the forefront of zero-knowledge technology. The explosive interest in Binance's TGE and the support from Chainlink are the best proof of this model's appeal.

The Grand Strategy: Space and Time Foundation and the Decentralized Vision

SXT's ambition goes beyond technological breakthroughs; it aims to pave the way for a decentralized future. The Space and Time Foundation, established at the end of 2024, is the helm of this vision. Led by Scott Dykstra (the first contributor) and Catherine Daly (Chief Marketing Officer), the foundation promotes research, ecosystem growth, and community governance. Initiatives like funding, hackathons, and transparent governance empower developers, while MakeInfinite Labs focuses on zero-knowledge research and enterprise integration.

The foundation's establishment marks a transition from corporate control to community co-governance. Its goal is to catalyze the next wave of blockchain, AI, and enterprise applications through zero-knowledge proof data. The support from Binance and Chainlink is just the prelude; SXT is weaving a decentralized dream for developers, stakers, and users.

Why SXT is the "Next Big Event"?

The 2008 financial crisis and the 2024 leak of 600 million data records remind us that the vulnerabilities of centralized systems are everywhere. SXT offers a decentralized database as an antidote, empowering developers to build trustless, data-driven applications. In DeFi, for example, traditional finance optimizes loan conditions based on credit history, while DeFi is limited by data gaps. SXT enables protocols like Lendvest to achieve personalized lending through real-time, verifiable data access, unlocking market potential.

This is just the tip of the iceberg. SXT's ability to unify on-chain and off-chain data opens new worlds for cross-chain financial tools, tokenized assets, and AI smart contracts. The explosive interest in Binance's TGE and Chainlink's airdrop is merely the overture to SXT's rise; its true stage is the future of decentralized data.

SXT is not an ordinary token, nor just a database; it is the beginning of a decentralized data revolution. Its zero-knowledge architecture, community-driven economic model, and the strong backing of Binance and Chainlink make it a shining new star in the Web3 arena. In an era where trust is scarce and data reigns supreme, SXT wields technology as a sword and community as a shield, proving that decentralization can balance efficiency and security.

Are you a developer looking to build the next generation of DeFi protocols, or a staker contributing to network security? The invitation from SXT has been sent: join this data-driven decentralized adventure and ignite the next wave of blockchain!

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