A decentralized oracle network that connects smart contracts to real-world data. chainlink, own local altcoin of LINK transferred a large amount from his uncirculated supply to Binance.
Based on data from Etherscan, four images of Chainlink marked as Uncirculated Supply cryptocurrency A total of 21 million LINK (approximately $111 million) was transferred from his wallet today, of which 17.95 million LINK ($95 million) were transferred to Binance.
The reason for this massive transfer is unclear, but Chainlink noted that tokens from the non-circulating supply are used as subsidies to nodes, including oracle rewards.
Chainlink made the following statement in a recent post:
“Chainlink is working towards the creation of a self-sustaining oracle economy where user fees meet and exceed the operating costs of the network’s node operators, coordinators and stakers. Chainlink is creating a longer-term, more predictable token issuance program where tokens from the circulating supply are used as subsidies to nodes, including oracle rewards, to support the functioning of the network until full sustainability is achieved.”
*Not investment advice.
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