Chainlink launches a community rewards program to incentivize users to participate in its ecosystem

ChainCatcher news, according to CoinDesk, Chainlink is launching a new community rewards program to incentivize users to participate in its ecosystem. The first round of rewards will be distributed in tokens by the decentralized data platform Space and Time (SXT).

The program is called Chainlink Rewards, allowing projects based on the Chainlink network to distribute rewards to eligible node operators and community members in recognition of their contributions to network security.

Space and Time has allocated a total of 4% of its SXT token supply (i.e., 200 million tokens) to participants in the Chainlink ecosystem, including LINK stakers. A total of 100 million SXT tokens will be available for claim starting May 8, for eligible historical and current LINK stakers.

Chainlink Rewards is expected to expand over time, with more Build partners potentially participating in future reward seasons. While the token distribution will be determined individually by each project, the overall goal of this program is to create new incentives for users to stake LINK and engage more actively in the Chainlink network.