Chainlink Unveils New Reserve Initiative for LINK Tokens

Chainlink announced the creation of a strategic LINK reserve fund to support long-term network growth and sustainability. The fund, initiated with a $1 million LINK purchase, will be funded by on-chain service fees and off-chain enterprise revenue and uses Payment Abstraction to enable cross-chain payments. Co-founder Sergey Nazarov emphasized the reserve’s role in enhancing network security as LINK trades above $18, up over 10% from the previous day.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.