Fri, November 29

Cenit Finance Rebrands to Space and Tokens Following Its Integration on Space and Time (SxT) Product Suite

Cenit Finance Rebrands to Space and Tokens Following Its Integration on Space and Time (SxT) Product Suite Blockchain News

Space and Tokens will leverage Space and Time’s (SxT) verifiable on-chain data to help developers improve tokenomics simulation. 

Space and Time Labs (SxT), the verifiable compute layer for AI x blockchain that joins tamperproof on-chain and off-chain data, announced the addition of Cenit Finance to its product suite. Following the integration on SxT, Cenit Finance, a decentralized tokenomics simulator, will rebrand its platform to Space and Tokens

The latter will leverage SxT’s on-chain data to enhance the tokenomics across blockchain projects, allowing developers to achieve a robust token economy and a vesting schedule that aligns with their goals, the team, investors and community. 

On joining SxT’s product suite, Carlos Bort, Co-Founder of Cenit Finance and now Head of Web3 Data Solutions at Space and Time stated: 

“Joining Space and Time is an exciting opportunity for both Cenit’s customers and our team. From the customer’s perspective, it allows us to enhance our tokenomics simulator by leveraging SxT’s decentralized database of high-quality on-chain interactions to create better simulations.”

Space and Tokens aims to revolutionize tokenomics in the Web 3 space, providing a platform that helps protocols optimize their token utilities and distribution strategies. Partnering with Space and Time is expected to enhance the process of setting and simulating projects’ tokenomics. Developers will now be able to better anticipate token performance and market risks while building comprehensive analytics and dashboards around their token economy. 

On the other hand, Space and Tokens will provide the SxT ecosystem with more precise tools to build, test and share their tokenomics, as well as manage and optimise their token economies. With the integration of Space and Tokens, developers can now use SxT to build AI apps, data-driven smart contracts, and sophisticated token economies—all within a unified, verified platform.

“We envision a future where tokenomics can be continuously monitored, adjusted, and improved using real-time, verified on-chain data. From our team’s perspective, as passionate data nerds, we’re thrilled to join one of the leading players in the blockchain data space. We’re eager to apply our AI capabilities and data expertise to SxT’s stack,” Bort added. 

Space and Tokens Selects Space and Time (SxT)

According to the team statement, Cenit Finance selected Space and Time as its product partner due to its revolutionary on-chain data tool suite and advanced technologies. Space and Time leads the Web 3 space in on-chain analytics, providing a no-code AI Studio that allows users to easily generate insights and dashboards around on-chain activity. The AI Studio provides an easy-to-build platform for developers, which simplifies integration and processes while building on-chain decentralized applications (DApps). 

Additionally, SxT also designed a novel cryptography, Proof of SQL, which allows developers to connect analytics directly to smart contracts and LLMs. Proof of SQL provides sub-second zk coprocessors to developers, enabling trustless data processing at scale. By allowing developers to build data-driven smart contracts powered by Proof of SQL, SxT opens up the platform to powerful and futuristic use cases and business logic for blockchain developers.

A Professional HR with a huge interest in blockchain technology and cryptocurrency. Through her content writing skills, she became a passionate contributor to the crypto space. Being an active crypto enthusiast she is investing her time and experience into the digital sphere.