Chainlink Unveils New Rewards System

By: cryptonews|2025/05/08 00:00:06
0
Share
copy
Chainlink has unveiled a new rewards system to improve community engagement and network consistency. The initiative, called Chainlink Rewards, will distribute the project’s tokens to LINK stakers and other eligible participants. The program was developed in collaboration with decentralized data platform Space and Time (SXT) and will launch on May 8, 2025, with the first airdrop distributing 100 million SXT tokens. This is Chainlink’s first structured attempt to directly reward active participants with tokens from Build Program projects. The rewards mechanism connects Chainlink Build partners with participants who secure the network and actively participate in its operations. Space and Time will allocate 200 million SXT tokens, representing 4% of the total supply, to the rewards initiative. The first half of this amount, or 100 million tokens, will be available on May 8. This marks the beginning of the first phase, called “Season Genesis.” Both current and former LINK members are eligible to participate. The application period will remain open for 90 days. Unclaimed SXT may be added to future reward seasons, although further distribution stages have not yet been officially announced. Image: freepik Designed by Freepik

-- Price

--

You may also like

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com