Key Takeaways
- SxT Labs enhances its product suite with Cenit Finance’s tokenomics simulator.
- The integration allows for improved simulation and management of token economies using verified onchain data.
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Space and Time (SxT) Labs, the team behind the decentralized data platform backed by Microsoft’s M12, announced today it is integrating Cenit Finance into its product suite and rebranding it as ‘Space and Tokens.’
The integration introduces a tokenomics simulator that allows developers to enhance their token economies using SxT’s verified on-chain data. Cenit Finance, now ‘Space and Tokens,’ specializes in tokenomics modeling and risk management. One of its notable partners is Wirex, a global leader in crypto payments.
Taking a new role at SxT, Space and Tokens focuses on optimizing token utilities and distribution strategies, enabling better anticipation of token performance and market risks. The platform also supports the creation of analytics and dashboards tailored to token economies.
Its AI capabilities and data expertise are expected to complement SxT’s existing on-chain analytics platform, ultimately helping developers create more sophisticated and effective token economies.
“Joining Space and Time is an exciting opportunity for both Cenit’s customers and our team,” said Carlos Bort, co-founder of Cenit Finance and now Head of Web3 Data Solutions at SxT.
Bort said SxT’s decentralized database of high-quality on-chain interactions could help his team create more accurate and reliable tokenomics simulations. The partnership also enables continuous monitoring, adjustment, and improvement of tokenomics based on real-time, verified on-chain data.
“From the customer’s perspective, it allows us to enhance our tokenomics simulator by leveraging SxT’s decentralized database of high-quality on-chain interactions to create better simulations,” he added.
Recently, SxT welcomed Rika Khurdayan, formerly the US Chief Legal Officer at Bitstamp, as its new CLO. The move is part of the project’s strategy to build a robust, compliant ecosystem and community.
SxT is gearing up for its mainnet launch after releasing its Proof of SQL v1, the first ZK to provide data processing in sub-seconds. The company is developing a decentralized data warehouse platform that enables enterprises to interact with and gain insights from blockchain data without sacrificing security or performance.
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