Space and Time Reveals SXT Tokenomics, 28% Initial Circulating Supply

Space and Time, a decentralized data platform, has announced the tokenomics and smart contract details for its native token, SXT. The total token supply and maximum supply are both set at 5 billion tokens. The initial circulating supply is 1.4 billion tokens, which accounts for 28% of the total token supply. Additionally, 125 million SXT tokens have been allocated to the Launchpool, representing 2.5% of the maximum token supply. Furthermore, an additional 25 million SXT tokens will be gradually allocated to marketing activities after the spot trading listing, with another 50 million SXT tokens to be allocated to marketing activities six months after the spot trading listing.

The SXT token will be issued on both the Ethereum mainnet and the Binance Smart Chain. The smart contract for the SXT token on Ethereum has already been made public, ensuring transparency and security for users and investors. This move is part of Space and Time's broader strategy to enhance its decentralized data platform and foster a more robust ecosystem around its native token.

This announcement is significant as it provides clarity on the token distribution and allocation, which is crucial for investors and stakeholders. The gradual allocation of tokens to marketing activities indicates a long-term commitment to promoting the platform and increasing its user base. The issuance of SXT on multiple blockchains also enhances its accessibility and utility, making it easier for users to interact with the Space and Time platform.

The public disclosure of the smart contract on Ethereum is a positive step towards building trust and transparency within the community. It allows developers and users to verify the token's functionality and security, which is essential for gaining widespread adoption. Overall, the announcement of SXT tokenomics and the smart contract details is a strategic move by Space and Time to strengthen its position in the decentralized data market and attract more users and investors to its platform.