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Chainlink Launches Token Rewards Program for LINK Stakers, Allocating 100 Million SXT Tokens
By: ethnews|2025/05/06 20:30:03
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Chainlink’s Season Genesis rewards program launches May 8, offering 100M SXT tokens to eligible LINK stakers via March 31 snapshot.Space and Time supplies 2% of its SXT tokens for Season Genesis, with another 2% reserved for future Chainlink Build campaigns.Chainlink announced a new rewards initiative on May 8, allocating 100 million SXT tokens to users who stake its native cryptocurrency, LINK. The program, named Season Genesis, targets participants in the Chainlink Build ecosystem and marks the first phase of a broader effort to incentivize engagement. Eligibility hinges on a snapshot taken March 31, 2025, which identified users actively staking LINK at that time.Space and Time, a blockchain data platform backed by Microsoft, partnered with Chainlink to supply the tokens. The 100 million SXT tokens represent 2% of the platform’s total supply, with an additional 2% reserved for future campaigns. Both individual and institutional LINK stakers qualify, provided they met the March 31 deadline. Rewards can be claimed within a 90-day window starting May 8.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 program aims to foster growth among Web3 projects within Chainlink’s Build ecosystem. Participating projects—ranging from early-stage applications to established platforms—can distribute their own tokens as incentives. In exchange, they gain access to Chainlink’s oracle services, data feeds, and promotional support. This structure allows projects to attract users while leveraging Chainlink’s infrastructure.Space and Time specializes in zero-knowledge-proof data verification, a method that ensures secure analytics for decentralized applications. The firm, which raised $20 million in a 2024 funding round, already integrates Chainlink’s tools for authenticated data queries. Its role in Season Genesis underscores the collaborative nature of the initiative.Chainlink plans to expand the rewards program in subsequent phases, incorporating more projects and refining the claiming process. Future iterations may introduce advanced features based on user feedback. For now, the focus remains on distributing the initial SXT tokens and measuring participation rates.By tying rewards to active staking, Chainlink aims to strengthen ties between its network and users while supporting third-party projects.Source: TradingviewChainlink (LINK) is trading near $13.33, showing slight weakness after a modest pullback from recent highs. Despite this dip, the price remains above critical support around $13.15, which has previously acted as a strong consolidation zone. The current trading behavior suggests LINK is in a period of stabilization, possibly preparing for its next directional move.Source: TradingviewTechnically, if LINK manages to break and hold above the $15 resistance level, it could gain momentum toward the $18 zone, especially if accompanied by broader market strength. A failure to hold the $13.15 level could lead to a short-term drop toward $12.00, aligning with Fibonacci retracement levels and previous local lows.Fundamentally, Chainlink continues to expand its utility and user base within the decentralized finance (DeFi) space. Its ongoing development efforts, including staking and reward programs, are designed to increase participation and long-term token utility, which may positively influence price dynamics over time.In the near term, traders should watch for volatility around the $13–$15 range, while longer-term investors are eyeing the $25–$30 range as a potential target if bullish momentum returns.The post Chainlink Launches Token Rewards Program for LINK Stakers, Allocating 100 Million SXT Tokens appeared first on ETHNews.
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