Space and Time Launches Genesis Validator Rewards Program with Incentives Capped at 150 Million SXT

Odaily Planet Daily reports that Space and Time has announced the launch of the Genesis Validator Rewards Program. Participants must stake SXT within 14 days after the public mainnet goes live, and the staked tokens must remain locked for 9 months. If you fully or partially unstake before the 9-month period ends, you will no longer be eligible for rewards from this program. You will still receive the standard validator staking rewards (with an expected annual yield of 8%), but will not receive the adjusted program yield. After the 9-month period, eligible participants will be able to connect to a smart contract, verify their staking history, and claim the protocol-adjusted output. Eligibility verification will utilize SQL proofs and Space and Time’s on-chain query technology to read Ethereum’s historical state.
The reward cap for the Genesis Validator Rewards Program is set at 150 million SXT, accounting for 3% of the total token supply. Once 150 million SXT have been staked in the program, no further participants will be accepted, even if it is still within the 14-day window.