Key points
- SxT Labs improves its product suite with Cenit Finance’s tokenomics simulator.
- The integration enables better simulation and management of token economies using on-chain verified data.
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Space and Time (SxT) Labs, the team behind Microsoft’s M12-backed decentralized data platform, today announced that 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 improve 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 prominent partners is Wirex, a global leader in cryptocurrency payments.
Taking on a new role in SxT, Space and Tokens is focused on optimizing token utilities and distribution strategies, allowing for 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 clients and our team,” said Carlos Bort, co-founder of Cenit Finance and current director 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, tuning, and improvement of tokenomics based on verified real-time on-chain data.
“From a customer perspective, it allows us to improve our tokenomics simulator by leveraging SxT’s decentralized database of high-quality on-chain interactions to create better simulations,” he added.
Recently, SxT Welcome Rika Khurdayan, Bitstamp’s former US general counsel, will be its new CLO. The move is part of the project’s strategy to build a strong and compatible ecosystem and community.
SxT is preparing for the launch of its mainnet after releasing its Proof of SQL v1, the first ZK offering data processing in sub-seconds. The company is developing a decentralized data storage platform that allows businesses to interact with and gain insights from blockchain data without sacrificing security or performance.
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