Chainlink will use protocol revenue to establish a strategic reserve of LINK tokens

ChainCatcher news, according to the official announcement, the Chainlink Foundation today announced the launch of the Chainlink Reserve Program, aimed at establishing a strategic reserve of LINK tokens through on-chain and off-chain revenue.

The reserve has initially accumulated over 1 million USD equivalent in LINK tokens and will automatically convert enterprise service revenue and on-chain service fees into LINK tokens through the Payment Abstraction mechanism.

The foundation stated that there will be no withdrawal operations from the reserve program in the coming years.