logo

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

You may also like

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase

Overview of Important Market Events on March 18

Bitmain, mired in controversy, has found its strongest backing in the United States

Bitmain has been mired in controversies over the safety of its mining machines for years, but this has not stopped it from engaging in business cooperation with key members of the U.S. presidential family.

Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote

The Federal Reserve has again kept interest rates unchanged, stating that the situation in the Middle East has an uncertain impact for now. Governor Milan believes that interest rates should be cut by 25 basis points. The dot plot still indicates an expected rate cut once this year.

Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years

Tally chooses to take proactive stop-loss measures instead of stubbornly selling tokens and making promises that cannot be fulfilled.

SEC’s Stance on Crypto Assets: Most Not Considered Securities

Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…

South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents

Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…

Popular coins

Latest Crypto News

09:42

Data: 1.919 million TON transferred from an anonymous address, worth approximately 2.4946 million USD

According to Arkham data, at 07:33, 1.919 million TON (worth approximately $2.4946 million) was transferred from one anonymous address (starting with Ef-WJ4...) to another anonymous address (starting with EQA6y0...).
09:42

Data: ETH total network contract positions decreased by 8.12% in 24 hours

According to Coinglass data, the total contract open interest for ETH has decreased by 8.12% in the past 24 hours, with the current total open interest at $29.938 billion. Among them, the open interest on Binance is $6.56 billion, OKX is $1.992 billion, Bybit is $2.237 billion, and Gate is $3.499 bi...
09:42

National League People's Life Macro: The Federal Reserve still has room for interest rate cuts this year

According to Jinshi News, Guolian Minsheng Macro stated that the Federal Reserve still has room for interest rate cuts this year. The impact of oil prices is more reflected in the pace and will not change the overall trend of interest rate cuts. Although the rate cut is delayed, it will eventually h...
09:42

The US SEC approves Nasdaq's tokenized securities trading, allowing stocks to circulate on the blockchain

The U.S. Securities and Exchange Commission has officially approved the modification of Nasdaq rules, allowing the pilot trading of securities in "tokenized form" on its exchange, marking a key step for traditional capital markets towards blockchain.According to the plan, eligible stocks and ETFs ca...
09:42

Trump plans to consider increasing troops in the Middle East while evaluating ground action options

According to a report by Reuters, a U.S. official and three informed sources stated that the Trump administration is considering deploying thousands of U.S. troops to strengthen its military operations in the Middle East. These deployments could provide Trump with more options as he weighs expanding...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com