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Chainlink Price Surges As The Team Releases New Staking Roadmap

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Following the release of the staking roadmap, Chainlink’s native LINK token has shown impressive results. First, the company has released a long-awaited roadmap revealing the various milestones it will go through. Recently through Blog post on its official website, Chainlink quoted “Chainlink Economics 2.0”.

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The blog highlights the purpose of implementing crypto staking to scale the network. That being said, the post highlights that the data oracle plans to cooperate and adopt other blockchains to ensure “growth and security.”

New staking roadmap dubbed Chainlink Economics 2.0

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The LINK token offering has been in high demand for several years now. This is because Chainlink is the largest data oracle provider in the deFi ecosystem.

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chain link even Twitter about her preparations for the introduction of the “Chain Economy” as outlined in her official blog post.

An announcement on his blog explains that the core vision of staking is to allow both community members and node operators to enhance the platform’s user assurances and oracle’s service security assurances. They will do this by staking their LINK tokens.

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In addition, nodes have higher chances of getting jobs and higher payouts by staking their coins on the network. However, the ecosystem will thrive as user guarantees and crypto-economic security grow.

In addition, staking rewards users for providing valuable data. It also allows the platform to introduce a punishment mechanism designed for inefficient nodes that do not provide accurate oracle reports or deliver them to their destination at the right time.

Chainlink price rises as team releases new staking roadmap
Image Source: Chainlink Staking

The platform can then generate long-term rewards for consistent and long-term usage by staking LINK tokens. Chainlink expects robust growth driven by a significant portion of its betting revenue from “non-emissions sources.”

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However, full development adoption will be slow, just like its data oracle has grown from one thread to the thousands it has now. However, Chainlink is looking to roll out v0.1 later this year before it transitions to v1 and v2, bringing more sophisticated security and advanced features.

LINK token is valued

In response to the release of the staking roadmap, the LINK token jumped over 18% on the day before correcting 12%. The LINK token is trading at $8.78, up 9.96% from the previous month. CoinMarketCap.

Regardless of the price rally, the token appears to be in a long-term downtrend. The LINK token is currently showing an 84% decline from its all-time high (ATH) of $52.70 in May 2021.

Chainlink price rises as team releases new staking roadmap
LINK Tokens Rise After Recent Development | Source: LINK USD to TradingView.com





Credit : www.newsbtc.com

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