ChainLink is rolling out a new community rewards program to encourage participation in the ecosystem, starting with token distributions from space and time (SXT) on a distributed data platform.
This program, called ChainLink Rewards, allows these projects to reward eligible ChainLink node operators and community members based on the network to help protect the network.
Founded in 2022, Space and Time is a distributed data network that uses zero knowledge proofs to validate database queries and deliver them to smart contracts.
Space and time have made the total SXT token supply available (200 million) to ChainLink ecosystem participants, including Link Stakers. The first batch of SXT tokens, consisting of 100 million Sxts, will be billed on May 8th by eligible historic and active linkstakers.
The remaining SXT 100 million and unclaimed SXT will be available in other campaigns in the future. The SXT is offered for both historical and active linkstakers. Billing will remain open for 90 days.
Token incentives drive money and users into blockchain networks, increasing the demand for that network token and user base that has not previously interacted with its ecosystem.
ChainLink Rewards is expected to expand over time, with additional build partners likely to participate in future reward seasons. Although the distribution of tokens is project-specific, the broader goal is to create new incentives for users to bet on links and engage more actively with the chain link network.
As of Monday, details regarding future compensation partners and long-term schedules for the program have not yet been shared.
