What is SXT Coin from Space and Time? Future of DeFi and Onchain AI

Space and Time is a project building the first decentralized SQL database that directly connects data from multiple blockchains and offchain sources to smart contracts. At the center of this breakthrough lies the SXT coin, a utility token that enables this powerful infrastructure. 

As Web3 projects demand more advanced data capabilities and real-time analytics, understanding what is SXT, how it works, and why it matters is crucial for anyone interested in the future of decentralized finance and onchain artificial intelligence.

What is Space and Time?

Space and Time, often abbreviated as SxT or SXT Chain, is an open-source, decentralized data platform that integrates onchain and offchain data through cryptographically secure proofs. Unlike traditional databases, Space and Time doesn’t store raw data on its blockchain. 

Instead, it validates data integrity using a combination of cryptographic commitments and zero-knowledge proofs (ZK-proofs). These features allow developers and smart contracts to trust the results of complex data queries—without relying on centralized intermediaries.

The key innovation of Space and Time is its ability to let smart contracts query data using SQL, the same language used in most of today’s data systems. These queries can pull from verified blockchain data (like Ethereum or Bitcoin) as well as app-level data ingested from external sources. 

The results are then validated with zero-knowledge cryptography and sent back to the blockchain using ZK-oracles. This makes it possible for smart contracts to make real-time decisions based on large volumes of reliable data.

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How Does It Work?

At its core, Space and Time runs on a combination of validator nodes and prover nodes. Here’s how each role contributes:

• Validators: They don’t store the actual data but instead verify and sign the cryptographic commitments (a kind of fingerprint) for every database table. This ensures the data structure and its contents haven’t been tampered with.
• Prover Nodes: When a query is made from a smart contract, a prover node runs the SQL query offchain and creates a ZK-proof that confirms the query was executed correctly and on untampered data.
• Query Relayers: These smart contracts relay the ZK-verified results back to the original smart contract on EVM-compatible chains like Ethereum, Base, and ZKSync Era.

The system is optimized for high throughput and minimal gas usage. Proofs can be verified on Ethereum using under 150,000 gas, which is efficient enough to support real-time applications like DeFi protocols, AI-based trading bots, or complex NFT metadata systems.

Space and Time Founders

Space and Time was built by a team with deep experience in cloud computing, data analytics, and cryptographic research:

• Nate Holiday (CEO): Formerly led global operations at Teradata and advises Chainlink Labs.
• Scott Dykstra (CTO): A former Vice President at Teradata with a background in distributed systems and developer tools.
• Jay White (Head of Research): A mathematician and former university professor who developed the Proof of SQL protocol.
• Craig Holiday (CFO): An experienced finance leader who previously served as CFO and COO in the tech sector.

Their combined expertise positions Space and Time as a credible infrastructure provider in the emerging onchain data economy.

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What is SXT Coin?

SXT Coin is the native utility token that powers the entire Space and Time ecosystem. It is used for:

• Staking: Validators must stake SXT tokens to participate in consensus and secure the network.
• Rewards: Both validators and delegators earn SXT as a reward for contributing to the network’s operation.
• Governance: In the future, SXT holders may gain rights to vote on protocol upgrades and community proposals.
• Query Processing: SXT may be used as payment for data queries and API usage within the platform.

In essence, the SXT token provides the economic incentives needed to run a decentralized, cryptographically secure database network.

SXT Coin Distribution

The total supply of SXT token is capped at 5 billion coins, all minted at the genesis of the network. Here’s how the supply is managed:

• Initial Circulating Supply: Around 28% of the tokens are released at launch to support validator rewards, ecosystem development, and usage incentives.
• Vesting Schedule: The rest of the tokens are distributed to early investors, the founding team, and advisors through a long-term vesting plan.
• Token Emissions: These are governed by a published release schedule monitored by the SXT Foundation, ensuring transparency and fairness in token allocation.

This structured approach is designed to maintain long-term sustainability and prevent early sell-offs that could harm the ecosystem’s growth.

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Conclusion

The rise of smart contracts has created a pressing need for reliable, verifiable data sources that can scale with the demands of real-time applications. Space and Time, through its innovative SQL ZK coprocessor and the SXT coin, addresses this challenge head-on. 

By enabling developers to query both onchain and offchain data in a trustless way, it is setting a new standard for data interaction in Web3. Whether you are a DeFi builder, an AI developer, or simply curious about what is SXT coin from Space and Time, this technology may shape how we interact with blockchain data for years to come.

FAQ

What is SXT?

SXT is the native token of Space and Time, used for staking, governance, and powering secure data queries through the platform.

What is Space and Time used for?

It is used to connect blockchain and app-level data to smart contracts using verifiable SQL queries backed by zero-knowledge proofs.

How many SXT tokens exist?

There are 5 billion SXT tokens, with about 28% released at launch and the rest distributed over time.

Who created Space and Time?

It was founded by Nate Holiday, Scott Dykstra, Jay White, and Craig Holiday, all experienced in cloud computing, cryptography, and finance.