Introducing the Space and Time (SXT) Token

Space and Time is on a mission to empower developers to build the next generation of sophisticated, data-driven apps onchain by delivering crypto’s first verifiable, decentralized, ZK-proven database. To realize this vision, Space and Time must operate as a decentralized network. SXT is the native token that powers this system, enabling coordination, security, and value exchange across a global network of Space and Time participants.

Utility of SXT: Why Does Space and Time Need a Token?

Without a verifiable database, smart contracts can't scale beyond simple transactions. Traditional blockchain systems rely on redundant computation across all nodes to achieve consensus, which works for validating small inputs like token transfers. But this model fails when applied to large-scale SQL queries—it's too slow and inefficient. Space and Time solves this with Proof of SQL, a ZK coprocessor that enables database queries to be executed only once while still being provably correct. A node runs the SQL query, generates a ZK proof of the result, and the proof is verified onchain before the result is used by a smart contract. This ensures the query and the data it runs against are correct and weren’t tampered with.

However, for this system to be end-to-end verifiable, we need a way to verify that the data coming into the system is correct and tamperproof. That’s where the Space and Time validator network comes in. Validators collect and index onchain and offchain data into tamperproof tables in a deliberately redundant manner and then participate in Byzantine Fault Tolerant (BFT) consensus to produce and agree on commitments—cryptographic hashes that represent the current state of that data. To finalize these commitments, validators generate a threshold signature, meaning a quorum of staked validators must sign each commitment. This threshold signature becomes the root of trust for all future SQL queries and ZK proofs referencing that data.

Here’s where the SXT token is critical:

• Staking: Validators must stake SXT tokens to participate in consensus. Staking is a cryptoeconomic promise to act honestly—index data correctly, participate in consensus, and sign updated commitments.
• Slashing: If a validator signs an invalid commitment, goes offline, or colludes to manipulate data, their stake is slashed—penalizing malicious or lazy behavior.
• Security model: Every ZK proof generated by Proof of SQL includes the commitment it was run against. The integrity of that commitment—and therefore the proof—derives from the economic weight of the validator signatures securing it via staked SXT.

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In this way, the security of Space and Time’s verifiable SQL pipeline is anchored in the staking and slashing incentives of the SXT token. Smart contracts consuming the results of Proof of SQL are effectively trusting the validator set's signed commitments—secured by economic risk—to verify data integrity and query correctness. 

Space and Time Economic Model

The Space and Time economic model is designed to sustain a decentralized, permissionless ecosystem that rewards participants for contributing high-quality datasets, securing cryptographically-tamperproof tables, and delivering sub-second ZK proofs to clients on popular chains. The SXT token plays a foundational role in how Space and Time functions by:

1. Securing the Network (Staking and Validation)

Validators must stake SXT to secure the network, perform cryptographic processes, and ensure data remains tamperproof. Staking serves as collateral, and validators can earn network fees for their services or face slashing for misconduct like excessive downtime or fraudulent data manipulation.

Currently, there are two ways to participate in this process:

• Validator Stakers: Run nodes, validate data, and verify queries.
• Delegated Stakers: Stake tokens with validators to support network security and earn a share of rewards.

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As additional components such as indexers and provers come online/operations are made permissionless, there may be additional opportunities to use SXT to bolster the security of the network.

2. Incentivizing High-Quality Data Supply

Participants who publish datasets (called table owners) can earn SXT by making high quality data available to others.

3. Powering Protocol-Level Payments

SXT is the native token for all transactions on Space and Time including payments for querying data, inserting data, and executing verifiable compute. These transactions are not controlled by any central party but are governed by protocol logic.

Space and Time’s fee model ensures long-term sustainability:

• Query Payments: Split between validators and table owners, ensuring both secure and valuable data availability.
• Insert Data Payments: Go to validators for processing and securing ingested data.
• Data Marketplace: Table owners benefit from a market-driven economy, where the demand for specific datasets directly influences their earnings.

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By aligning incentives across network participants, Space and Time ensures a self-sustaining ecosystem where security, verifiability, and high-quality data provisioning drive value for all stakeholders. 

Token Overview

• Token name: Space and Time (SXT)
• Contract address: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195
• Total token supply: 5,000,000,000

Distribution and Allocation

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Team: 1,122,104,725 tokens (22.4%)

Tokens distributed to advisors and members of MakeInfinite Labs, the initial contributors to Space and Time. 

Investors: 1,295,350,000 tokens (25.9%)

Tokens distributed to Space and Time’s Seed, Strategic, and Series A investors. 

Community: 2,582,545,275 tokens (51.7%)

The success of a decentralized network depends on its community. That’s why the majority of the Space and Time token supply—over 50%—is allocated to those who contribute to the ecosystem, whether by using the network, building on it, or supporting its growth. A strong, engaged community ensures the long-term sustainability and security of Space and Time, driving adoption and innovation in a decentralized and permissionless way.

The community allocation is broken down across two key areas:

Community Rewards: 1,400,000,000 tokens (28.0%)

Tokens are allocated for community rewards, including retroactive claims, staking rewards, and grants for developers and creators. To kickstart the distribution of tokens under this category, 375,000,000 tokens (7.5%) will be available to the community on day 0. More information on Gigaclaims, Space and Time’s retroactive claims program, will be released this week.

Ecosystem Development: 1,182,545,275 tokens (23.7%)

Tokens are allocated for the long-term development and sustainability of the Space and Time ecosystem. This includes funding for partnerships, protocol development, and other strategic initiatives aimed at driving adoption. 

Unlock Schedule

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100% of the community rewards allocation is unlocked on day 0, while 100% of investor and team tokens are on a 4-year linear unlock with a 15% cliff at month 12. The ecosystem development fund is on a 4-year linear schedule starting at day 0, ensuring sustained protocol growth and capital deployment.