Space and Time Crypto (SXT) has officially launched and is facing the age-old problem that is airdrop recipients dumping their tokens, causing the price to stutter.
SXT launched earlier today, with tokens airdropped to both Binance launchpool users and eligible Chainlink (LINK) Rewards participants. It is down 16% since launch due to the selling pressure caused by the airdrop.
Introducing $SXT (Space and Time) on #Binance!
Trade $SXT on #Binance for a chance to win a share of the 2,500,000 SXT prize pool.
👉 https://t.co/CbjIw14kJU pic.twitter.com/At8genNiby
— Binance (@binance) May 8, 2025
Where Does Space and Time Crypto Go From Here: Are Sellers Exhausted?
Decentralized data project Space and Time (SXT) is facing heavy sell pressure from airdrop allocations via Binance or Chainlink. However, the last two hours have seen SXT climb from $0.128 to $0.1336, a potential bottom.
Typically, any project that launches via heavy airdrop programs tend to suffer in the short-term due to sellers taking profits on their free money.
Currently, SXT has a market cap of $190 million after allocating 4% of the supply toward the rewards program with Chainlink and Binance’s launchpool initiative.
Space and Time crypto has already secured multiple top-tier exchange listings. Alongside Binance and Coinbase, SXT is also available on ByBit, Bitget, Gate.io and KuCoin, amongst other smaller exchanges.
The SXT team have also announced the launch of its staking protocol, used to secure its mainnet and offering an estimated 8% APY. In the X post announcing that staking was live, the team said;
“Rewards are funded from onchain gas fees paid in SXT by smart contracts executing queries on the Space and Time network, across DeFi, loyalty/airdrops, onchain gaming, AI agents, Fintech, RWAs, and slashing infra.
In the early phases of mainnet, staking rewards are partially subsidized by the protocol to support validator onboarding and ensure robust early network performance.”
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What Is SXT Crypto? ‘Proof Of SQL’ Tech And Backed By Microsoft
SXT is backed by Microsoft as one of the investors during its $20 million funding round. It is a blockchain built for ZK-proven data. Powered by its self-termed ‘Proof of SQL’ technology, Space and Time allows smart contracts, AI agents, and on-chain applications to query onchain and offchain data at scale and verify the results with cryptographic proofs.
Validators on Space and Time’s L1 blockchain verify each piece of data inserted into the network. They update and sign cryptographic commitments on the data before recording them onchain.
Developers can query this data via the Space and Time ‘Proof of SQL’ technology, receiving back a trustless, tamperproof result on-chain. Space and Time allows smart contracts to query over the full history of major blockchains and off-chain sources in a verifiable way.
The SXT token is deployed as an ERC-20 token on Ethereum and functions as the network’s native utility token. SXT is used for staking, data processing payments, access control, and incentives for data contributors.
The SXT ecosystem is unmatched.
SXT is already powering some of the most prominent financial institutions, enterprises, AI protocols, and onchain apps, in partnership with industry leaders like @Microsoft and @NVIDIA.
Join our growing ecosystem of gigabrains 🧵👇 pic.twitter.com/u496ftNwvm
— Space and Time (@SpaceandTimeDB) November 7, 2024
BONUS: Best Wallet (BEST) Hits Landmark $12m In Presale Funding
With the bull market looking firmly back on the table, Best Wallet is set to be one of the big winners in this coming cycle. It is rated among the best non-custodial wallets with its own native token, BEST.
The BEST presale actively raised $12 million in early-stage investment. This is an impressive achievement given that most funding occurred during a broader crypto market downturn.
Its strength, even in trying market conditions, highlights just how bullish investors are on this hot new Web3 wallet and its accompanying token.
When it comes to the much sought-after multi-chain capabilities that offers users the broadest access to the universe of crypto assets, Best Wallet is right up there with the best of them, already competing with industry leaders like Exodus and MetaMask.
Following two significant upgrades in 2025, Best Wallet now fully supports all Bitcoin transactions and storage requirements as well as full BASE chain support. With these latest additions, Best Wallet now supports over 60 blockchains, making it a truly multi-chain offering.
🔥 Over $12M Raised and Counting! 🔥
Best Wallet is becoming the go-to for traders who want speed, simplicity, and early access to what matters:
✅ Buy new tokens early, directly in-app
✅ Buy and swap across chains in one place
✅ Full portfolio control, no clutterDownload… pic.twitter.com/RDGvIhPLRo
— Best Wallet (@BestWalletHQ) May 6, 2025
Also, Best Wallet now comes with added institutional-grade security following the implementation of Fireblocks’ Multi-Party Computation technology.
Seriously, Why Best Wallet?
Best Wallet’s large suite of tools include staking, DeFi, trading, gaming, wagering and even a presale launchpad called ‘Upcoming Tokens’. The BEST team work carefully with some of the most hyped presale projects on the market to offer early-bird access to its users, directly from the Best Wallet app.
Best Wallet also makes importing assets from other wallets easy and supports multi-wallet and multi-chain functionality. Download Best Wallet today on Google Play or the Apple App Store.
For updates, alpha, and community drops, follow Best Wallet on X, Telegram, and Discord.
The best place to get ready for the next altcoin season is Best Wallet. It has the UI, the best prices, the unique functionality, and the eyeballs of an increasing number of crypto research houses like Messari, not to mention sophisticated traders on the hunt for alpha.
Don’t miss this chance to pocket life-changing returns.
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Join The 99Bitcoins News Discord Here For The Latest Market Updates
Space and Time crypto officially launches its SXT token
- SXT crypto is down around 15% following its airdrop-backed launch via Chainlink Rewards and Binance launchpool
- Most projects that launch with large airdrops suffer from high sell pressure early on
- Space and Time allocated 4% of its SXT supply to these airdrop initiatives
- Best Wallet (BEST) hits $12m in presale funding with its full support for over 60 blockchains
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