Link Token Supply and Distribution182

Total Supply

The total supply of Link tokens (LINK) is 1,000,000,000. This number was established when the Link token was created in September 2017. The total supply is fixed and cannot be changed, meaning that there will never be more than 1 billion LINK tokens in existence.

Distribution

The Link token supply is distributed as follows:* 35%: Sold to investors in the Link ICO in September 2017
* 35%: Reserved for the Chainlink team and advisors
* 30%: Used to fund the Chainlink ecosystem, including grants, partnerships, and bounties

ICO Sale

The Link ICO raised $32 million in September 2017. The tokens were sold at a price of $0.10 each. The ICO was a success and helped to fund the development of the Chainlink network.

Team and Advisor Allocation

The Chainlink team and advisors were allocated 35% of the Link token supply. This allocation was used to compensate the team for their work on the project and to attract advisors with experience in the blockchain industry.

Ecosystem Fund

The Chainlink ecosystem fund was allocated 30% of the Link token supply. This fund is used to support the development of the Chainlink ecosystem, including grants, partnerships, and bounties. The ecosystem fund is managed by the Chainlink Foundation, a non-profit organization that supports the development of the Chainlink network.

Token Use

Link tokens are used to pay for services on the Chainlink network. These services include data feeds, oracle services, and smart contract execution. Link tokens can also be staked to earn rewards. Staking Link tokens helps to secure the Chainlink network and helps to distribute rewards to users who support the network.

Conclusion

The Link token supply is designed to support the development and growth of the Chainlink network. The total supply is fixed and cannot be changed, which ensures that the value of each Link token is protected. The Link token distribution is designed to reward the Chainlink team and advisors, and to fund the development of the Chainlink ecosystem.

2024-11-01

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