Space and Time launched the Genesis validators rewards program, with a reward cap of 150 million SXT.

Odaily News Space and Time has announced the launch of the Genesis validators rewards program. Participants must stake SXT within 14 days after the public Mainnet launch, and the stake must be maintained for 9 months. If the stake is fully or partially canceled before the end of the 9-month period, you will no longer be eligible for the rewards of this program. You will still receive the standard validators staking rewards (with an expected Annual Percentage Rate of 8%), but will not receive the adjusted program yield. After the 9-month period ends, eligible participants will be able to connect to the smart contracts, verify their staking history, and claim the protocol-adjusted output. Eligibility verification will use SQL proofs and Space and Time’s on-chain query technology to read Ethereum historical states. The reward cap for the Genesis validators rewards program is set at 150 million SXT, accounting for 3% of the total token supply. Once 150 million SXT are staked in the program, no additional participants will be accepted, even within the 14-day period.