The Link token
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The Link Token Discussion Page
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LINK’s token offering launched September 19, 2017, with a $32 million hard cap. The pre-sale offering sold LINK at $0.09 per token with a 20% bonus depending on when the investor participated. The subsequent public sale sold LINK at $0.11 per token. Combined, both sales dispersed 350 million LINK. In total, 1 billion LINK tokens were initially issued and allocated as follows:
35% was allocated to the token sales investors 35% was reserved for Node Operators and ecosystem rewards that will be distributed to incentivize network participants 30% was allocated to LINK's parent company, SmartContract.com--Reggie (talk) 08:45, 27 June 2022 (UTC) [1]
Chainlink’s economic model revolves around the use of the LINK token to pay for the operation of a wide variety of oracle services in demand by smart contract developers and Web2 systems, as well as around using LINK as a cryptoeconomic mechanism for incentivizing the correct performance of oracle services and providing user assurances. [2]--Reggie (talk) 04:57, 22 June 2022 (UTC)
Required Information
- Need additional information and citations regarding the Chainlink ICO.