Space and Time

The $SXT token is the native utility token of the SXT Chain and is required to participate in the core cryptographic and operational processes of the network. It underpins validator participation, query execution, and data availability mechanisms, aligning incentives across network participants.

Key roles of the token include:

• Staking: Validators must stake SXT to operate on the network. This collateral can be slashed for downtime, incorrect query proofs, or failure to update commitments correctly.

• Query and Data Fees: SXT is used to pay for ZK-proven query executions and data insertions. These fees are distributed among Validators and Table Owners who maintain and secure the data.

Incentives and Rewards:

• Validators are compensated through block rewards and query fees.

• Table Owners are paid for maintaining high-quality datasets that attract queries.

• Delegated staking is also supported, allowing users to back Validators without running infrastructure.

Security Budget: A portion of network fees funds a vault used to support security and validator rewards, including slashing mechanics for enforcement.

The design promotes a decentralised and sustainable ecosystem where all contributors - whether providing compute, data, or capital - are rewarded proportionally to their input and performance.

Space and Time was developed by Space and Time Labs, Inc. The whitepaper lists the primary contributors as:

• Scott Dykstra

• Jay White, PhD

• Catherine Daly

• Ian Joiner, PhD