Chainlink Launches Rewards Program With 100 Million SXT Tokens for LINK Stakers

By: cryptosheadlines|2025/05/06 19:30:03

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Chainlink will start its new rewards program with 100 million SXT tokens on May 8.Only LINK stakers before March 31 can join the first season and claim rewards.Space and Time offers 4% of its tokens to support growth in the Chainlink ecosystem.Chainlink will roll out its new community rewards program, Chainlink Rewards, on May 8. The program begins with Season Genesis. It features 100 million Space and Time (SXT) tokens available for eligible participants.Chainlink Launches Community Rewards Program with Space and Time—Season Genesis Begins May 8!@Chainlink has announced the launch of Chainlink Rewards, a new community engagement and incentives program designed to reward participation across its growing ecosystem.The program... pic.twitter.com/Wy52IyMe4z— Crypto Miners (@CryptoMiners_Co) May 6, 2025The rewards program targets the Chainlink Build ecosystem. It aims to boost community engagement and offer token-based incentives to users. Space and Time, a Microsoft-backed blockchain, is collaborating with Chainlink on this initiative.Eligibility Based on March 31 SnapshotTo participate in Season Genesis, users must have staked LINK before March 31, 2025. A snapshot taken on that date determines eligibility. Both small and large LINK stakers can claim rewards. Chainlink will distribute 100 million SXT tokens, or 2% of the total SXT supply.Space and Time has committed 4% of its entire SXT token supply to the program. The current batch marks the first half of that total allocation. The remaining 2% will be used in future Chainlink Rewards campaigns.Program Supports Growth of Web3 ProjectsThe program is designed to support projects in the Chainlink Build ecosystem. These include both early-stage and mature blockchain applications. Eligible projects can reward users with their own native tokens.The initiative helps projects build momentum and attract wider user participation. By offering token incentives, it encourages deeper involvement from the community. This model promotes sustainable project growth.Build Program Projects Back the RewardsProjects in the Build program offer a portion of their token supply for Chainlink Rewards. In return, they receive access to Chainlink services and support. This includes data feeds, oracle solutions, and go-to-market assistance.Chainlink aims to expand the program in future seasons. Future launches will include more projects from the Build ecosystem. A more advanced claiming system is also planned for future seasons.Space and Time Powers Verified DataSpace and Time provides zero-knowledge proof-based data for decentralized applications. It processes secure and verifiable analytics on-chain. The firm raised $20 million in a Series A funding round last year.The project already integrates Chainlink services for verified data queries. Its participation in the program showcases the depth of collaboration within the ecosystem.Eligible LINK stakers will have 90 days to claim their rewards during Season Genesis. Chainlink plans to refine the program based on community feedback.Source link

1. On-chain Volume: $34.0M USD inflow to Hyperliquid today; $29.3M USD outflow from Arbitrum 2. Biggest Gainers and Losers: $FAI, $ARC 3. Top News: Today, the crypto market rebounded against the trend, with a macro hedge whale holding long positions in gold and silver and shorting crypto, resulting in a $500k USD loss for the day

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