Tuesday, May 6, 2025

Binance Announces Listing of Space and Time (SXT) on Launchpool

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KEY TAKEAWAYS

  • Binance announces the listing of Space and Time (SXT) on its Launchpool, backed by Microsoft, focusing on zero-knowledge proven data.
  • Users can lock BNB, FDUSD, and USDC to receive SXT airdrops from May 6 to May 7, 2025.
  • SXT trading will commence on May 8, 2025, with multiple trading pairs available, including SXT/USDT and SXT/BNB.
  • Participation in the Launchpool requires KYC completion and is subject to regional restrictions, excluding users from the US, Canada, and Japan.

Binance has announced the listing of Space and Time (SXT) as the 69th project on its Launchpool platform. The announcement, made here, details the upcoming availability of SXT, a blockchain project backed by Microsoft, which focuses on zero-knowledge (ZK) proven data.

Users will be able to lock Binance Coin (BNB), First Digital USD (FDUSD), and USD Coin (USDC) to receive SXT airdrops over a two-day period. The farming for SXT will commence on May 6, 2025, at 00:00 UTC and will conclude on May 7, 2025, at 23:59 UTC.

Trading and Launchpool Details

Binance plans to list SXT for trading on May 8, 2025, at 13:00 UTC. Trading pairs will include SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY. The token will initially be available on Binance Alpha, with trading set to begin an hour earlier at 12:00 UTC. However, SXT will be removed from Binance Alpha once spot trading opens.

The total token supply for SXT is 5 billion, with 125 million SXT (2.5% of the total supply) allocated as Launchpool rewards. An additional 25 million SXT will be distributed through other marketing campaigns following the spot listing, with further allocations planned six months later.

Participation and Eligibility

To participate in the Launchpool, users must complete Binance’s Know Your Customer (KYC) process. The platform has set an hourly hard cap per user for each pool, with specific limits for BNB, FDUSD, and USDC pools. The farming period will allow users to accumulate rewards, which can be claimed directly to their Spot Accounts.

It is important to note that participation is subject to regional restrictions. Users from countries such as the United States, Canada, and Japan, among others, will not be able to participate in farming SXT. Binance reserves the right to amend or cancel the announcement at any time without prior notice.


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Sharif
Sharif
Sharif is a seasoned software engineer with a decade of experience in the tech industry, including 8 years in cryptocurrency and blockchain. With deep knowledge of decentralized technologies, Sharif offers insightful analysis and expert commentary on the transformative potential of blockchain. Through CoinsHolder.com, he shares his expertise, making him a respected voice in the cryptocurrency community.

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