Among the successful projects Chainlink (LINK) altcoin staking will first roll out the feature to a small group, followed by a public launch on December 8.
Chainlink (LINK) Launches Altcoin Staking
The team released an update on the highly anticipated staking attempts on Chainlink on Dec. In addition, the oracle provider, on Dec. Ethereum He also stated that staking on its mainnet will become operational.
Initially, the lock-in period for Chainlink staking was between 12 and 24 months. However, community and node operators were consulted by the team on this issue, resulting in an increased iteration rate with more frequent product releases.
It was also stated that each release will have a condensed coverage that will focus on critical features.
“As a result, the next version of Staking (v0.2) is scheduled to be released in 9-12 months, at which point v0.1 Stakers can unlock or carry staked LINK and rewards.”
These are about approx. $53,270 equivalent 7,000 LINKThey will have the opportunity to stake up to .
On December 8, the stake pool will become accessible to a wider audience, allowing all other LINK token holders to participate.
Price Response to Chainlink News
Given that other coins like Bitcoin and Ethereum simultaneously crashed in response to the collapse of crypto exchange FTX, Chainlink’s native token LINK appears to have short-term gained from the excitement surrounding its upcoming staking feature.
Price of Chainlink at the time of this writing $7.63 traded at levels.
*Not investment advice.
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