Listen, cool topic: Chainlink, one of the most famous projects in the crypto world, recently launched its own version of the "stash" — the LINK strategic reserve. What is it anyway and why did they do it? I'll explain as a friend.
What's the point?
Chainlink has decided to start accumulating LINK tokens at the expense of real income. This is not just another crypto project that issues a token "for luck" — they really have customers and money, both from the world of blockchain and from traditional business.
Now they will automatically convert part of these revenues to LINK and send them to a special reserve. This is a kind of "reserve fund", only in a crypto format.
Where does the money come from?
Chainlink earns in two ways:
Off—chain - for example, Mastercard, Swift, UBS and other large corporations pay for access to Chainlink data. These payments are received in fiat form or in stablecoins.
Onchains are all kinds of DeFi protocols, cross-chain solutions, and other things from the Web3 world.
And now all this money, both from the blockchain and from the traditional world, will be transferred to LINK through a special conversion mechanism and stored in reserve.
What's cool about that?
This is the linking of real revenue to a token. Revenue = demand for LINK. And the demand, as you know, is rising prices.
Users do not need to pay directly in LINK. They pay as they want (in stables, for example), and the system itself changes everything to LINK through decentralized exchanges.
The savings will not be spent in the coming years. In other words, this is not a temporary action, but a long-term strategy.
Is it already working?
Yes. Already at the first stage, the reserve raised more than $1 million in LINK tokens. This is just the beginning. Chainlink believes that the reserve will grow steadily, especially as more and more companies join their ecosystem.
After the announcement, the LINK token has grown by almost 10% in a day and is currently trading around $17.96. The market seems to have taken this news positively.
What does the project itself say?
Sergey Nazarov, co—founder of Chainlink, explains that the reserve is a way to link the income from the introduction of Chainlink into the traditional economy with the growth and security of the entire ecosystem. It sounds like a good foundation for the future.
So, my friend, if Chainlink already has major partners, a stable income, and now a financial mechanism that supports the token...
can LINK eventually turn into a real financial pillar for a decentralized economy?
