📣 Introducing Chainlink's Rewards Program 🎁
Token holders staking Chainlink (LINK) will start receiving SXT airdrop from May 8.
Chainlink has announced a fresh initiative called Chainlink Rewards, designed to motivate and appreciates those investing in and supporting the Chainlink ecosystem. Central to this program is the distribution of tokens from partner projects to LINK stakers 💼📜.
🤝 First Collaboration: Space and Time 🌌
The inaugural partnership in this ambitious program is with Space and Time, a decentralized infrastructure company that has been part of the Chainlink ecosystem since September 2022 🤝. As a token of appreciation, Space and Time is allocating 4% of their SXT token supply (that's 200 million SXT tokens!) to eligible LINK stakers 💰💰.
🌳 Season Genesis: Time to Claim Your Rewards 🌳
The rewards program kicks off with its "Season Genesis" phase on May 8, 2025. Eligible LINK stakers can claim the first 100 million SXT tokens during this phase, giving them a headstart! To qualify for the initial distribution, users must have been staking LINK tokens before the snapshot on March 31 📅.
🔐 Staking Requirements 🔐
To secure your share of the rewards, you must be an active LINK staker or demonstrate commitment to the Chainlink ecosystem 🔐. Space and Time's gesture of appreciation not only rewards long-term supporters but also acknowledges the critical role played by smaller stakers 🌱🌳.
📊 Chainlink Token Performance 📊
At the moment, Chainlink's LINK token stands at $13.66, showing a slight dip of 2.8% in the last 24 hours but a promising increase of 8% over the last month 🚀🚀. Despite these recent fluctuations, the token still lags 74% behind its all-time high of $52.70, which it reached in May 2021 📉.
🔄 Building the Ecosystem 🔄
Chainlink Rewards is an extension of the Chainlink Build initiative, which fosters growth for projects within the Chainlink ecosystem by providing support, resources, and technology integrations 🌱🌱. Space and Time, for example, has leveraged Chainlink's technology to develop a decentralized database solution using zero-knowledge proofs 🔒🔒.
🌟 The Future of Chainlink Rewards 🌟
The Season Genesis launch serves as a trial run for the rewards program, with future iterations expected to incorporate tokens from multiple Chainlink Build projects
- Starting from May 8, 2025, within the Chainlink Rewards program, eligible LINK stakers can claim 100 million SXT tokens, a portion of which Space and Time is distributing as a token of appreciation.
- space and Time, a partner project, represents 4% of their SXT token supply (200 million SXT tokens) for allocation to active LINK stakers, as part of the Chainlink Rewards initiative.
- The Chainlink Rewards Program, introduced in 2022, seeks to motivate and appreciate those investing in and supporting the Chainlink ecosystem, and it builds upon the Chainlink Build initiative, which has facilitated technology integrations for projects within the Chainlink ecosystem.
