Chainlink Launches Community Rewards Program for LINK Participants
Chainlink has initiated a new rewards initiative targeting its ecosystem participants, beginning with a token distribution from Space and Time.
Chainlink is unveiling a community rewards program aimed at boosting participation in its ecosystem, orchestrated initially through token distributions from Space and Time (SXT).
Highlights
- Chainlink Rewards: The new initiative allows projects on the network to incentivize Chainlink node operators and community members contributing to network security.
- Token Distribution: A total of 4% of Space and Time’s SXT token supply is allocated for Chainlink participants, with claims open for a duration of 90 days.
Founded in 2022, Space and Time operates a decentralized data network utilizing zero-knowledge proofs to authenticate database queries for smart contracts. They have allocated 200 million SXT tokens for the Chainlink ecosystem, with the initial 100 million ready for claiming by eligible LINK Stakers starting May 8.
The remaining 100 million SXT and unclaimed tokens will be made available in a forthcoming campaign. The program aims to foster user engagement and increase staking activities within the Chainlink network over time, with additional project partners likely to join future reward cycles.
