SXT Crypto Surges: Chainlink Stakers & Binance Launchpool Drive Major Reward Program
2025-05-06 07:15:18Chainlink and Space and Time (SXT) Launch Major Rewards Program Amid Binance Listing Frenzy
A Perfect Storm for LINK Stakers and SXT Traders
The crypto market is witnessing a rare convergence of two major events: Chainlink’s new rewards program for LINK stakers and the highly anticipated Binance listing of Space and Time (SXT). With 125 million SXT tokens up for grabs via Binance Launchpool and an additional 100 million SXT allocated to Chainlink stakers, the next 48 hours could reshape investor strategies in decentralized oracle networks and Web3 data platforms.
Chainlink Rewards Program: A Game-Changer for LINK Stakers
Chainlink has unveiled its Chainlink Rewards program, starting with Space and Time (SXT) as its inaugural partner. The initiative allows eligible LINK stakers to claim 200 million SXT tokens (4% of total supply), distributed in two phases:
First 100 million SXT: Claimable from May 8, 2025, for 90 days by historical and active LINK stakers.
Remaining 100 million SXT: Reserved for future campaigns.
This move aims to boost engagement in Chainlink’s staking ecosystem, which has already seen 45 million LINK staked in v0.2. The rewards are weighted based on time-weighted average stake, meaning long-term stakers receive larger allocations.
Why This Matters
Increased Demand for LINK Staking: The program incentivizes more users to stake LINK, potentially reducing circulating supply and supporting price stability.
Strategic Partnership: Space and Time, a Microsoft-backed decentralized data platform, leverages Chainlink’s oracle services, strengthening interoperability in Web3.
Binance Launchpool: A Liquidity Surge for SXT
Simultaneously, Binance has listed SXT as its 69th Launchpool project, with farming open from May 6–7, 2025, ahead of trading on May 8. Key details:
Total Launchpool Rewards: 125 million SXT (2.5% of supply)
Farming Pools: BNB (85%), FDUSD (5%), USDC (10%)
Initial Circulating Supply: 1.4 billion SXT (28% of max supply)
Price Expectations and Market Sentiment
Analysts predict SXT could debut between $0.06–$0.12, with a best-case scenario of $0.12 if demand surges. Given Binance’s track record with Launchpool projects, early trading could see high volatility.
Expert Insights: What’s Next for SXT and LINK?
1.Chainlink’s Expanding Ecosystem
The Chainlink Build program, which includes projects like Space and Time, is evolving into a token rewards hub, potentially attracting more DeFi and AI-driven protocols.
Future reward seasons could include additional partner tokens, further incentivizing staking participation.
2. SXT’s Long-Term Potential
Space and Time’s Proof of SQL technology enables ZK-proven data queries, positioning it as a critical infrastructure layer for smart contracts.
If adoption grows, SXT could follow the trajectory of other Binance Launchpool successes, though early sell pressure remains a risk.
Real-Time Market Data and Key Dates
May 6, 00:00 UTC: Binance Launchpool farming begins.
May 8, 12:00 UTC: SXT spot trading goes live on Binance.
May 8, TBD: Chainlink stakers can claim first batch of SXT rewards.
Conclusion: A Watershed Moment for Web3 Incentives
The dual launch of Chainlink Rewards and SXT’s Binance listing marks a pivotal moment for crypto incentives. For traders, the next 48 hours offer a high-stakes opportunity; for long-term holders, the sustained rewards from staking LINK could prove more lucrative.
Will SXT’s Binance debut mirror past Launchpool successes, or will Chainlink’s staking rewards steal the spotlight? Share your thoughts on our X.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.