Chainlink Launches Rewards Program, Distributes 4% of SXT Tokens

Chainlink has introduced the chainlink Rewards community incentive program, aimed at encouraging users to engage more actively within its ecosystem. This initiative is designed to recognize and reward contributions to network security and overall participation.

The first round of rewards will be distributed by the decentralized data platform Space and Time (SXT). Space and Time has allocated 4% of its total SXT token supply, which amounts to 2 billion tokens, to participants in the Chainlink ecosystem. This includes LINK stakers, who will be eligible to claim their rewards starting from May 8th. The first batch of 1 billion SXT tokens will be available for eligible historical and existing LINK stakers.

Chainlink Rewards is expected to evolve over time, potentially involving more Build partners in future reward seasons. Each project will determine its own token distribution, but the overarching goal is to create new incentive mechanisms for users to stake LINK and participate more actively in the Chainlink network. This program is part of Chainlink's broader strategy to foster a more engaged and secure ecosystem by rewarding those who contribute to its growth and stability.