PANews reported on May 5 that according to CoinDesk, Chainlink announced the launch of a new community rewards program, Chainlink Rewards, which aims to incentivize LINK token holders to participate in network security through staking. The program is part of the Chainlink Economics 2.0 strategy, which aims to enhance the cryptoeconomic security of oracle services. Chainlink's staking mechanism allows node operators and community members to support the performance of oracle services by staking LINK and receive rewards. The latest v0.2 upgrade expands the total capacity of the staking pool to 45 million LINK, accounting for 8% of the current circulating supply, increasing the opportunity for more LINK holders to participate.
Chainlink launches community rewards program to encourage LINK holders to participate in network security through staking
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