Chainlink has introduced a new ecosystem reward system called Chainlink Rewards.
The first phase of the program, named Season Genesis, begins on May 8 and includes a free distribution of 100 million SXT tokens from Space and Time (SXT), a long-time Chainlink Build program partner.
Who Will Receive the Tokens
Eligible recipients include current and former LINK stakers. The distribution will be made in fixed proportions. Additionally, the time-weighted average of staked tokens based on a snapshot taken on March 31 will be considered. Tokens can be claimed within 90 days.
A second airdrop wave of another 100 million SXT tokens is planned for the future. Organizers promise a more advanced claiming mechanism that will include other Build ecosystem projects.
According to the Chainlink team, the new rewards system will provide more opportunities for both emerging and established projects to grow their communities and reach broader audiences.
Space and Time already leverages Chainlink services to enable ZK-proof capabilities in smart contracts and is actively building out its own infrastructure.
Developers caution that the official program page will be published on May 8. Until then, users should be cautious and avoid suspicious links.
According to user FansSorare, the initiative is beneficial, but more liquidity and incentives are needed to strengthen holder commitment and attract new participants.
Space and Time’s Plans for Listing and Tokenomics
Space and Time recently announced details about the SXT token listing and upcoming airdrop. The total token supply is 5 billion SXT.
Here is the allocation breakdown:
- Team: 22,4% (1.12 billion tokens), with a four-year vesting period and a 15% unlock after the first year.
- Investors: 25,9% (1.29 billion tokens), with similar vesting terms.
- Community: 51,7% (2.58 billion tokens).
Of the community allocation:
- 28% (1.4 billion tokens) are reserved for airdrops, rewards, and developer grants.
- 23,7% (1.18 billion tokens) are allocated for ecosystem growth and partnerships.
It is expected that all 1.4 billion tokens designated for rewards will be unlocked on day one. This approach is designed to provide the project with strong liquidity and high activity at launch.
Farming and Trading Launch Details
Early users can begin farming SXT starting May 6 at 00:00 UTC by staking BNB, FDUSD, and USDC. Spot trading will begin on May 8 at 12:00 UTC. A total of 1.4 billion tokens — 28% of the total supply — will be in circulation from the start.
Binance will distribute 125 million SXT through Launchpool. Additionally, 25 million tokens will be allocated to marketing immediately after listing, with another 50 million scheduled for release six months later.
Expected Token Launch Price
Based on distribution models and interest from Binance, analysts have outlined the following potential price ranges:
- With strong demand: $0.10–$0.12.
- With moderate demand: $0.06–$0.08.
- If rapid selling occurs: $0.04–$0.06.
One of the analysts estimates the most likely launch price at around $0.08, resulting in a market capitalization of approximately $112 million with 1.4 billion tokens in circulation.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.