Chainlink’s LINK Hoard Blasts Past 100,000
Main Idea
Chainlink's decentralized oracle network has accumulated over 100,000 LINK tokens in its reserve, funded by network revenue, to support long-term growth and sustainability.
Key Points
1. Chainlink Reserve added 44,109.76 LINK, bringing its total holdings to 109,661.68364319 LINK as of August 14th.
2. The reserve is designed to fuel the long-term expansion of the Chainlink Network by accumulating LINK using off-chain revenue.
3. The current value of the Chainlink Reserve is $12.6 million, displayed on the project’s web portal.
4. LINK is the native token of the Chainlink Network, used to compensate node operators and ensure reliable data provision.
5. The reserve aims to enhance the sustainability and growth of the Chainlink ecosystem.
Description
After Chainlink’s decentralized oracle network revealed plans to create a LINK reserve, the team has now disclosed that the Chainlink Reserve added another 44,109.76 LINK, pushing its total stash past the 100,000 threshold. Chainlink’s Reserve Vault Hits 109K Tokens Worth $12.6M Last week, Chainlink unveiled plans for a LINK reserve, funded by network revenue and
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