🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Grayscale Launches Space and Time Trust Focused on SXT Token
Grayscale Investments launched the Grayscale Space and Time Trust, providing exposure to the SXT token.
Digital Asset Manager Grayscale Debuts Trust for Space and Time Blockchain’s Native Token
The trust invests solely in SXT, the native token of the Space and Time blockchain network. SXT is used for network security through staking and for processing data payments on the platform.
Space and Time aims to combine blockchain decentralization with the performance capabilities of traditional data systems. It seeks to provide verifiable database processing for smart contracts and artificial intelligence (AI) applications, addressing limitations in handling computationally intensive tasks seen in older blockchains and centralization risks in legacy data warehouses.
Grayscale’s announcement notes that the trust is now open for daily subscriptions, but only to individual and institutional investors qualifying as Accredited Investors under SEC Regulation D Rule 501(a). Most individuals or retail investors do not meet this standard.
Grayscale may seek secondary market quotations for the trust’s shares, but success is not guaranteed. Shares of similar Grayscale products have sometimes traded at significant premiums or discounts to the net asset value (NAV) of their underlying assets. For instance, a premium and discount occurred for its Bitcoin Trust before it was transferred into a public fund.
SXT perked up briefly after this week’s reveal from Grayscale, but the excitement didn’t last—it’s now dipped 1.9% against the dollar. Priced at $0.07434, the token has lost more than half its value since its peak of $0.1621 on May 8, 2025, just 48 days ago.