Chainlink Introduces Fresh Rewards Program for LINK Staking Participants

Chainlink is rolling out an exciting new rewards program aimed at engaging its community and incentivizing LINK stakers. The initiative, named Chainlink Community Rewards, is set to distribute rewards to those who help secure and grow the network by staking their LINK tokens.

The program’s first phase is in collaboration with decentralized data platform Space and Time (SXT), which will contribute a significant portion of its token supply to the rewards pool. Space and Time, known for its cutting-edge zero-knowledge proof technology, will allocate 4% of its total SXT token supply (approximately 200 million tokens) to reward active and historical LINK stakers.

Starting on May 8, eligible stakers will be able to claim their share of the first 100 million SXT tokens, with the remaining tokens being distributed in subsequent reward seasons. This new initiative is designed to further strengthen the Chainlink ecosystem by encouraging broader participation and increased staking activity.

Through this collaboration, Chainlink aims to provide LINK stakers with an opportunity to receive valuable rewards while helping to grow the platform’s decentralized oracle network. The program is expected to expand in the coming months, with more partners and reward opportunities being introduced.

While this rewards initiative is initially in partnership with Space and Time, Chainlink plans to involve other ecosystem projects as the program evolves. By offering rewards to LINK stakers, the company hopes to drive further adoption of its network and foster a more active and engaged community.

Details of future reward seasons and additional projects participating in the program will be revealed later this year.