Yo, Here's the Scoop on Chainlink's New Rewards Program! 🚀
Stakers of Chainlink (LINK) Token to Begin Receiving SXT Airdrop From May 8th
Chainlink's latest move? Introducing a new rewards program called , aiming to engage its ecosystem and reward LINK stakers with tokens from partner projects. Kickin' things off with a bang, they're partnering with Space and Time - a decentralized infrastructure company!
What's the Plan? 📜
Party Time with Space and Time: Chainlink's partnering with Space and Time, a decentralized database network rockin' secure data processing and analytics using zero-knowledge proofs (ZK proofs). Space and Time is dishing out 4% of its SXT token supply for this party!
Token Allocation Breakdown: That's 200 million SXT tokens up for grabs in total. In the first phase, dubbed , 100 million SXT tokens will be up for grabs!
Eligibility Rules: To grab your share, you gotta be an active LINK staker at the time of a snapshot taken on March 31, 2025.
Claim Time: Get your tokens starting on May 8, 2025. But hurry! You've only got 90 days to claim your share!
Future Rounds: What remains unclaimed plus another batch will be distributed in future reward rounds.
Space and Time's Role: Space and Time uses Chainlink services for its ZK-proven queries to smart contracts. This partnership shows how projects in the Chainlink Build program can leverage rewards programs to grow their communities!
Why's This Important? 🌟
Chainlink Rewards is an extension of the network's Build program, empowering projects within the Chainlink ecosystem to grow faster. By offering marketing support, priority access to services, and technical guidance, participating projects agree to distribute a portion of their token supply to the Chainlink community - mostly to LINK stakers!
So, not only are you helping grow the ecosystem, but you're also getting rewarded for it! 🎉
Current Token Status 📈
As we speak, the price of LINK sits at approximately $13.66, down a smidgen at 2.8% compared to the last 24 hours. But listen up! Over the past month, it’s actually gained 8% - showing some positive medium-term vibes despite short-term volatility!
Despite these recent Boosts, LINK still ain't reached its all-time high of $52.70, SEEN back in May 2021 during the crazy crypto bull market cycle. But hey, there's always room for growth, right? 🚀
Enjoy the rewards, friends!
[1] - Chainlink Document[2] - Space and Time's Site[3] - Chainlink Rewards Announcement
- The new rewards program, , launched by Chainlink in 2022, aims at engaging its ecosystem and rewards LINK stakers with tokens from partner projects, with Space and Time being the first partner, offering 4% of its SXT token supply.
- In the inaugural phase of the rewards program, dubbed , 100 million SXT tokens will be distributed, with eligibility for these tokens limited to active LINK stakers at the time of a snapshot taken on March 31, 2025.
- Future unclaimed tokens, along with another batch, will be distributed in subsequent reward rounds, further highlighting the potential for growth for LINK stakers within the Chainlink ecosystem.
