Space and Time debuts $SXT token as mainnet goes live

Microsoft-backed blockchain platform Space and Time launched its permissionless mainnet on May 8, 2025, introducing zero-knowledge (ZK)-proven data infrastructure to enhance smart contract capabilities.

The decentralised network enables secure access to historical, cross-chain, and off-chain data through cryptographic proofs, addressing a critical gap in blockchain application development.

Developers can now query verified data from networks like Ethereum (CRYPTO:ETH) using Space and Time’s Proof of SQL, a sub-second ZK coprocessor that generates tamper-proof results for each database request.

“This launch empowers builders to create sophisticated onchain applications without compromising security or introducing tampering risks,” stated Scott Dykstra, co-founder of Space and Time.

The platform’s decentralised validator network, which included over 30 global participants during its testnet phase, ensures data integrity across regions.

Key partnerships with Microsoft Azure, Google BigQuery, and blockchain projects like Chainlink (CRYPTO:LINK), Sui (CRYPTO:SUI), and ZKsync (CRYPTO:ZK) highlight the platform’s adoption by major industry players.

The native utility token, SXT, debuted on Binance as its 69th Launchpool project, potentially increasing liquidity and ecosystem participation.

The mainnet launch follows a 2022 strategic investment round led by Microsoft and a 2024 Series A funding.

Space and Time’s technology aims to bridge the gap between enterprise cloud databases and blockchain networks, enabling trustless data retrieval for applications ranging from decentralised finance to AI-driven agents.

“By integrating ZK-proof infrastructure, we’re providing developers with tools to build efficiently while maintaining resistance to manipulation,” Dykstra added.

The platform’s permissionless structure allows community members to participate as validators or delegated stakers, fostering decentralised governance.

As the project transitions to mainnet, its success could reshape how smart contracts interact with external data, offering a scalable solution for Web3’s evolving needs.

The SXT token’s utility within the ecosystem, including transaction fees and staking rewards, is expected to drive further engagement.