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Microsoft-backed Space and Time changes Cenit Finance name to ‘Space and Tokens’

Vaseline August 20, 2024

Key Points

SxT Labs expands its product suite with Cenit Finance’s tokenomics simulator.
The integration enables enhanced simulation and management of token economies using verified onchain data.

Space and Time (SxT) Labs, the team behind the decentralized data platform powered by Microsoft M12, 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. Notable partners include Wirex, a global leader in crypto payments.

Space and Tokens takes on a new role at SxT, focusing on optimizing token utilities and distribution strategies, enabling better anticipation of token performance and market risk. The platform also supports the creation of analytics and dashboards tailored to token economies.

The AI capabilities and data expertise are expected to complement SxT’s existing on-chain analytics platform, ultimately helping developers create more advanced and effective token economies.

“Joining Space and Time is a great 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 that 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.

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“From a customer perspective, it allows us to enhance our tokenomics simulator by leveraging SxT’s decentralized database with high-quality on-chain interactions to create better simulations,” he added.

SxT recently 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 following the release of its Proof of SQL v1, the first ZK to offer subsecond data processing. The company is developing a decentralized data warehouse platform that allows enterprises to interact with and gain insights from blockchain data without compromising security or performance.