Chainlink has announced the launch of the Chainlink Reserve — a strategic on-chain reserve of tokens $LINK aimed at ensuring long-term growth and stability of the network. The reserve accumulates LINK from revenue generated by large enterprises using the Chainlink standard and on-chain services. Thanks to the Payment Abstraction mechanism, payments in stablecoins or fiat are automatically converted into LINK, which boosts demand for the token. At the initial stage, the reserve has already collected over $1 million in LINK, and withdrawals are not planned for several years.
This initiative has sparked a positive market reaction: the price of LINK rose by 15% in a day, reaching $20.45, while the market capitalization exceeded $13.8 billion. Analysts note that the reserve may stabilize the token's price and contribute to its long-term growth by attracting institutional investors. Chainlink continues to strengthen its position in DeFi and the tokenization of real assets, partnering with giants like Mastercard and UBS.
The launch of the reserve is a step towards creating a sustainable economic model that links real income with the demand for LINK. Stay updated on cryptocurrency market news and join #MiningUpdates for the latest updates!
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