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You are here: Home / Bitcoin Industry News / Chainlink to Start New Community Rewards Program for LINK Stakers

May 5, 2025

Chainlink to Start New Community Rewards Program for LINK Stakers

Chainlink is rolling out a new community rewards program to incentivize participation in its ecosystem, starting with a token distribution from decentralized data platform Space and Time (SXT).

The program, called Chainlink Rewards, allows those projects based on the network to reward eligible Chainlink node operators and community members who help secure the network.

Founded in 2022, Space and Time is a decentralized data network that uses zero-knowledge proofs to verify database queries and deliver them to smart contracts.

Space and Time has made 4% of their total SXT token supply (200 million) available to Chainlink ecosystem participants, including LINK Stakers. The first batch of SXT tokens, consisting of 100 million SXT, will become claimable by eligible historical and active LINK Stakers on May 8.

The remaining 100 million SXT, as well as any unclaimed SXT, are planned to be made available in a separate campaign in the future. SXT will be offered to both historical and active LINK stakers. Claims will remain open for 90 days.

Token incentives help drive money and users to a blockchain network, adding to demand for that network’s token and a user base that may have previously not interacted with that ecosystem.

Chainlink Rewards is expected to expand over time, with additional Build partners likely to participate in future reward seasons. While token distribution will be project-specific, the broader goal is to create new incentives for users to stake LINK and engage with the Chainlink network more actively.

No details have yet been shared about upcoming reward partners or the long-term schedule of the program as of Monday.

Author: Shaurya Malwa

Filed Under: Bitcoin Industry News

Expert Witness

Ty Sagalow head shotTy Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Bitcoin Insurance

Combining his talents as a network security insurance expert and an insurance product development expert, Ty Sagalow is the leading expert on the unique risk and insurance needs of the bitcoin industry.

With the successful sale of BitSecure(tm), the first bitcoin theft insurance policy in February of 2015, he is the first to create a sustainable, robust insurance policy to cover the theft of bitcoins and other virtual currency backed by an A-Rated, global “top 10” Property and Casualty insurance company.

Company Profile

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

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