Staking LINK cryptocurrency now qualifies participants for a rewards program offering 100 million SXT tokens, as announced by Chainlink.
Unleashing the Power of Chainlink Rewards: A Groundbreaking Community Incentive Program
Get ready for a tidal wave of opportunities with Chainlink's game-changing new initiative - Chainlink Rewards, launching on May 8. Kickstarting this program with Season Genesis, there are an astounding 100 million SXT tokens up for grabs for eligible participants!
Chainlink Build: The Heart of the Action
The program spotlights the Chainlink Build ecosystem, aiming to ignite interest and offer captivating incentives to users. Linking up with the innovative Space and Time, a blockchain backed by Microsoft, is crucial to this undertaking.
Link Up Before March 31 to Join the Fun
Just remember, to be a part of the exciting Season Genesis, you need to have staked LINK before March 31, 2025. A snapshot taken on that date will determine who's eligible for the riches! Light or heavy stakes, everyone walks away a winner, as 100 million SXT tokens will be distributed. That's 2% of the total SXT supply, folks!
Space and Time: Maximizing the Potential
Space and Time brings 4% of its entire SXT token supply to this venture. The first half of this total allocation introduces the value, with the remaining 2% reserved for future reward campaigns.
Project Advancement with Token-based Incentives
This initiative breathes new life into projects within the Chainlink Build ecosystem, helping them secure a stronger foothold and expand their user base. Eligible projects offer their native tokens in return for boosted user participation and deeper community engagement.
Fueling Growth: The Build Program Participants
Participating projects in the Build program support the initiative by using a percentage of their token supply for Chainlink Rewards. In exchange, they reap the benefits of Chainlink's services such as data feeds, oracle solutions, and promotional assistance.
Expanding Horizons
Future seasons of the program will introduce more projects from the Build ecosystem, broadening the scope of the rewards available. Additionally, a more advanced claiming system is on the horizon for a smoother experience.
Space and Time: Security and Verified Data Sovereignty
Space and Time, with its zero-knowledge proof-based data processing capabilities for decentralized applications, powers verified data across chainlink. The company raised a jaw-dropping $20 million in its Series A funding round last year. Already a Chainlink ally in data queries, its participation signifies the strong bond between projects within the ecosystem.
Seize Your Rewards
As an eligible LINK staker, you have a 90-day window to claim your rewards during Season Genesis. Chainlink intends to refine the program based on community feedback, ensuring it keeps getting better for you!
| Key Points | Insights ||-------------------------------|----------------------------------------------------------------------------------------------------|| Partners with Projects | Early-stage and established projects in the Chainlink ecosystem join the rewards program to contribute back [1] || Token Distribution | SXT tokens are distributed to eligible participants in exchange for ongoing support [1] || Token Claim | Claim SXT tokens via official Chainlink channels during the designated claim period [1] || Future Expansions | More projects and future reward seasons planned for the program [1] |
[1] Based on enrichment data provided.
- The Chainlink Rewards program, aiming to boost interest in the Chainlink Build ecosystem, has integrated Space and Time, a blockchain backed by Microsoft, as a crucial partner.
- To participate in the Season Genesis of Chainlink Rewards, users must have staked LINK before March 31, 2025, with a snapshot taken on that date determining eligibility for the distribution of 100 million SXT tokens.
- Space and Time will contribute 4% of its entire SXT token supply to this venture, with the first half supporting the initial rewards distribution and the remaining 2% reserved for future campaigns.
- Projects within the Chainlink Build ecosystem participate in the program by using a portion of their token supply for rewards and benefit from Chainlink's services like data feeds, oracle solutions, and promotional assistance.
- Future seasons of the Chainlink Rewards program will bring more projects from the Build ecosystem and introduce a smoother claiming system for SXT tokens.
