Chainlink Initiates LINK Staking Rewards with SXT Tokens
Chainlink announces the launch of a new rewards program on May 8, 2025, allowing LINK stakers to earn SXT tokens, distributed from Space and Times decentralized data warehouse.
This initiative signifies an evolving rewards structure in the Chainlink ecosystem, potentially boosting staking participation and amplifying strategic partnerships. Community and developer reactions are cautiously optimistic about expanding staking incentives.
Chainlink Unveils Partnership with Space and Time for Rewards
Chainlink has introduced a new program, Chainlink Rewards, aiming to enhance community engagement and reward LINK stakers. Starting May 8, 2025, stakers can claim SXT tokens, marking a notable shift in Chainlinks reward distribution approach.
Chainlink and Space and Time spearhead this initiative. Chainlink is led by co-founder Sergey Nazarov. This change integrates Chainlinks decentralized oracle network with Space and Times decentralized data services, utilizing zero-knowledge proofs.
Potential Impact of New SXT-Based Rewards on Participation
The initiative aims to incentivize more LINK holders to stake, potentially raising Chainlinks staking participation rate. Community members view this as a pilot season with experimental value, prompting cautious optimism about future reward structures.
The absence of institutional involvement is noted, yet the program draws strength from the Chainlink Build partnership. Financially, this move could amplify the value of LINK by increasing its utility and demand among ecosystem participants.
Shift from LINK to SXT Rewards Marks New Precedent
Previous Chainlink staking events mostly distributed LINK rewards. This initiative, offering a partners native tokens, introduces a new precedent. Similar DeFi events like token incentives for liquidity providers show success in participant engagement.
Experts anticipate a rise in staking participation due to these rewards. Historical trends suggest that third-party token incentives can encourage long-term network engagement and align strategic interests among involved entities.
Were excited to introduce Chainlink Rewardsa community engagement and rewards program designed to incentivize active participation in the Chainlink Network. The program enables Chainlink Build projects to make their native tokens claimable by Chainlink ecosystem participants, including eligible LINK Stakers. Sergey Nazarov, Co-Founder, Chainlink
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
The post Chainlink Initiates LINK Staking Rewards with SXT Tokens appeared first on Kanalcoin.
Read more: https://www.kanalcoin.com/chainlink-rewards-link-stakers-sxt-tokens/
Text source: Kanalcoin
