Unleashing Chainlink Rewards: Genesis Season Details Revealed!
New Incentive Scheme Introduced by Chainlink: Rewards Program in Collaboration with Space and Time
TAp into the vibes of Chainlink's fresh new community engagement and reward program - Chainlink Rewards! Designed to get the community hyped and secure the network, the program is an integral part of Chainlink Economics 2.0 and lets Build projects shower their tokens on deserved participants, like node ops and LINK stakers. So buckle up, cause we're about to dive into the inaugural season, aka "Season Genesis" - and it's going down on May 8, 2025, thanks to our peeps over at Space and Time!
Season Genesis: Launch Time!
Get ready to rock 'n roll, because Season Genesis is set to commence on May 8, 2025[1][3]. So mark your calendars and get those token wallets primed!
Token Allocation: Straight From the Sourcing
What's a party without the presents, right? Well, our buddies at Space and Time have got you covered! They're allocating an impressive 4% of their SXT token supply, which equals a whopping 200 million SXT tokens. For the Season Genesis kick-off, they're ready to share the first half of this stash, a generous 100 million SXT tokens, with all the eligible LINK stakers[1][2][3].
Eligibility: It's All About the On-Chain Game
No need to worry about who gets a slice of the pie, as eligibility is based on reliable on-chain data, ensuring a broad range of potential claimers. It boils down to two main categories:
- Time-Weighted Average Stake: Active LINK Staker addresses are in the running based on their time-weighted average stake, taking into account both the amount of LINK staked and the stake's duration[2]. So the faithful get rewarded here!
- Historical and Active Stakers: In addition to the time-weighted system, eligible historical and active LINK Staker addresses will score a predetermined, fixed amount of SXT tokens[2]. General participation pays off!
Claim Period: Grab Your Share
- Claim Period: Get ready to snag your piece of the 100 million SXT tokens in a 90-day window starting on May 8, 2025[1][3].
Future Rewards: More Goodies on the Horizon
Who doesn't love bonus content, right? Well, if any SXT tokens from the initial batch go unclaimed or unused, they'll be set aside for future reward campaigns[1]. So keep your eyes peeled!
Strategic Partnership: Chainlink x Space and Time
This collaboration pairs Chainlink's awesome oracle services with Space and Time's delivery of zero-knowledge-proven data queries to smart contracts. By joining the Chainlink Rewards program, Space and Time aims to celebrate the community that keeps its network thriving, in lock-step with Chainlink's objective to boost engagement and shore up the ecosystem[1][2].
A Little Backstory: Raising the Roof
Fun fact: Space and Time, a decentralized database network leveraging ZK proofs for secure data processing and analytics, is among the earliest Build member projects. In an impressive Series A round held in August, they managed to collect an impressive $20 million[1]. They also tap into Chainlink services to connect with ZK-proven queries for smart contracts. And get ready, because Space and Time is about to unleash its token SXT!
- In the Chainlink Rewards program launched on May 8, 2025, a significant portion of Space and Time's (SXT) token supply will be distributed, totaling 200 million SXT tokens.
- The eligibility for receiving SXT tokens is based on reliable on-chain data, with active LINK stakers being awarded based on their time-weighted average stake.
- Historical and active LINK stakers will also receive a predetermined, fixed amount of SXT tokens, ensuring broad participation is rewarded.
- The claim period for the initial SXT token distribution lasts for 90 days starting on May 8, 2025, allowing eligible participants to claim their tokens.
- Unclaimed or unused SXT tokens from the initial distribution will be saved for future reward campaigns, offering continued opportunities for participants.
