Get ready, crypto enthusiasts! A new opportunity is landing on Binance, bringing the chance to engage with the latest project entering the ecosystem. Binance, a leading global crypto exchange, has officially announced its 69th project on the highly popular Binance Launchpool platform: Space and Time (SXT).
What is the Latest Project on Binance Launchpool?
The spotlight is now on Space and Time SXT. This project represents the 69th addition to the Binance Launchpool lineup, offering users a straightforward way to earn new tokens by staking existing assets. Launchpool is a key platform where Binance users can discover and gain exposure to promising new crypto ventures.
How Can You Farm SXT Tokens?
The opportunity to farm crypto, specifically SXT tokens, is now open. Starting from May 6, 2024, at 00:00 UTC, users can participate in farming SXT for a period of two days. To earn SXT token rewards, users simply need to stake one of the supported cryptocurrencies into the designated Launchpool pools. The accepted assets for staking are:
- BNB
- FDUSD
- USDC
By staking these assets, participants can accumulate SXT tokens before they become available for trading.
Preparing for the SXT Listing?
Following the farming period, the official SXT listing on Binance will take place. Mark your calendars for May 8, 2024, at 13:00 UTC. At this time, trading will commence for the Space and Time SXT token across various pairs, providing liquidity and price discovery for the new asset.
The initial trading pairs available upon listing will include:
| Trading Pair |
|---|
| SXT/USDT |
| SXT/USDC |
| SXT/BNB |
| SXT/FDUSD |
| SXT/TRY |
These pairs offer multiple avenues for users to trade SXT against stablecoins, Binance’s native token, and the Turkish Lira.
What is Space and Time (SXT)?
While the announcement focuses on the Launchpool and listing, it’s important to note that SXT is the native token powering the Space and Time project. Space and Time is positioned as a decentralized data warehouse, aiming to connect on-chain and off-chain data for businesses and applications. The SXT token plays a role within its ecosystem.
Summary
In summary, Binance Launchpool presents an accessible way to acquire new tokens like Space and Time SXT. Users have a limited window, from May 6 to May 8, to farm crypto by staking BNB, FDUSD, or USDC to earn SXT token rewards. The highly anticipated SXT listing is scheduled for May 8, opening up trading across several pairs. This announcement from Binance provides a clear path for users interested in engaging with the new Space and Time SXT token.
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