Chainlink Reserve on track to reach 1 million LINK amid steady accumulation
Key Takeaways
- Chainlink Reserve has accumulated over 973,700 LINK tokens in over three months.
- This reserve operates autonomously, converting revenue from off-chain and on-chain network activities into LINK.
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Chainlink Reserve has accumulated over 973,700 LINK tokens to support network growth, the decentralized oracle network announced today. It is on track to reach the one million milestone.
The Chainlink Reserve operates as an on-chain treasury contract that automatically accumulates LINK tokens by converting network revenue from off-chain enterprise payments and on-chain service fees through decentralized exchanges. The tokens are locked under a multi-year no-withdrawal policy enforced by a timelocked smart contract.
The reserve mechanism supports ongoing LINK accumulation to foster long-term growth and sustainability of the Chainlink Network. Recent updates show consistent weekly deposits driven by enterprise adoption and service usage across both off-chain and on-chain implementations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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