TLDR
- Chainlink introduced a new rewards program to distribute tokens from partner projects to LINK stakers
- First collaboration is with Space and Time, offering 4% of SXT token supply (200 million tokens)
- Season Genesis launches May 8, 2025, with eligible LINK stakers able to claim the first 100 million SXT tokens
- Qualifying stakers must have been staking LINK before March 31 snapshot
- LINK price is currently $13.66, down 2.8% in 24 hours but up 8% over the last month
Chainlink has unveiled a new rewards system designed to increase engagement within its ecosystem while providing tangible benefits to those who stake its native LINK token. The program, called Chainlink Rewards, will distribute tokens from projects participating in Chainlink’s Build program to ecosystem participants and LINK token stakers.
The first rollout of this program comes through a partnership with Space and Time, a decentralized infrastructure company that has been part of the Chainlink Build program since September 2022. Space and Time will make 4% of its SXT token supply available to eligible LINK stakers.
This allocation amounts to 200 million SXT tokens in total. Half of these tokens (100 million) will be available for claim starting May 8, 2025, when the program officially launches with its “Season Genesis” phase.
To qualify for the initial distribution, users must have been staking LINK tokens prior to a March 31 snapshot date. This approach ensures rewards go to both long-term supporters and smaller stakers who have shown commitment to the Chainlink ecosystem.
The claim period for this first batch of tokens will remain open for 90 days. Any unclaimed tokens, along with the reserved second batch, may be distributed in future reward seasons.
Building Ecosystem Connections
Chainlink Rewards represents an expansion of the network’s Build program, which was established to accelerate growth for projects within the Chainlink ecosystem. The Build program provides various forms of support including marketing assistance, priority access to services, and technical guidance.
In exchange for these benefits, participating projects commit a percentage of their token supply to be distributed to the Chainlink ecosystem, particularly to those who stake LINK tokens.
Space and Time has developed its infrastructure using Chainlink’s technology since joining the Build program in 2022. The company offers a decentralized database solution that utilizes zero-knowledge proofs to deliver data analytics to smart contracts.
In 2024, Space and Time integrated Chainlink Functions to support the delivery of ZK-proven queries directly on-chain, further deepening the technical relationship between the two projects.
Chainlink describes the Season Genesis launch as an experimental pilot that will inform how the rewards program evolves. Future iterations are expected to feature a more advanced claiming mechanism incorporating tokens from multiple Chainlink Build projects.
The current price of Chainlink’s LINK token sits at $13.66, showing a 2.8% decrease over the past 24 hours. However, the token has gained 8% in value over the past month, indicating positive medium-term momentum despite short-term volatility.
Despite these recent gains, LINK remains 74% below its all-time high of $52.70, which was reached in May 2021 during the previous crypto bull market cycle.
The launch of Chainlink Rewards comes during a busy period for crypto airdrops, with other projects like Floki announcing the RICE token airdrop for FLOKI holders, and ZORA launching with a successful airdrop on the Base Network.
The post Chainlink (LINK) Price: Token Stakers to Receive SXT Airdrop Starting May 8 appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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