What is the issuance and circulation of LINK coins?

As of March 8, 2023, only about 46% of the initial 1 billion LINK tokens have entered circulation, indicating a controlled and strategic issuance process for the Chainlink network.

Oct 22, 2024 at 09:12 am

1. Initial Issuance:

July 18, 2017: LINK tokens (then known as ERC-667 tokens) were initially released during the Chainlink mainnet launch.
Initial supply: 1 billion LINK tokens.

2. Circulation:

August 2017: LINK tokens were listed on various cryptocurrency exchanges, making them publicly available for trading.
Ongoing: LINK tokens continue to be issued over time to reward node operators and developers who contribute to the Chainlink network.

3. Supply Distribution:

The initial distribution of LINK tokens was as follows:

32%: Distributed to the Chainlink team and early investors.
30%: Reserved for future issuance as network rewards.
38%: Sold through the token sale.

4. Current Circulation:

As of March 8, 2023, the circulating supply of LINK tokens is approximately 467.8 million. This represents just over 46% of the initial supply of 1 billion tokens.

5. Impact on Tokenomics:

The issuance and circulation of LINK coins play a crucial role in the tokenomics of the Chainlink network:

Network Security: LINK tokens are used to reward node operators who provide data and oracle services, ensuring the security and reliability of the network.
Ecosystem Growth: The ongoing issuance of LINK tokens through network rewards encourages developers and users to participate in the Chainlink ecosystem.
Value Capture: LINK token holders have a vested interest in the growth and success of the Chainlink network, as the value of LINK tokens is directly tied to the utility and demand for Chainlink services.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

STRK

$0.1164

57.31%

Trade Now
TIA

$0.6012

26.24%

Trade Now
AERO

$0.9321

15.67%

Trade Now
INJ

$7.52

7.56%

Trade Now
WLD

$0.5472

5.39%

Trade Now
NEAR

$5.20

5.06%

Trade Now

Latest Crypto News

US Unveils USDT Forfeiture Case Targeting Specific Crypto Address: What You Need to Know
2026-10-11 08:45:01
Ethereum Faces Mounting Selling Pressure as ETH Dips Below 50-Day SMA, Signaling Caution for Investors
2026-10-11 08:45:01
COTI Revolutionizes Privacy in Payments with Innovative New Product Suite
2026-10-11 08:50:02
Thailand Unlocks Crypto ETF Access: Bitcoin and Ether ETFs Set to Debut on Stock Market
2026-10-11 04:30:50
Evernorth CEO Ignites XRP Army with Nasdaq Listing and Vision for Future Finance
2026-10-11 04:30:50
Tron Network Sees Explosive USDT Growth, Solidifying Stablecoin Issuance Dominance
2026-10-11 04:28:22

Related knowledge

What Is Solana SOL? A Complete Guide to Its Speed, Fees and Network Design

Sep 19,2026 at 04:39pm

Core Architecture and Consensus Innovation1. Solana employs a hybrid consensus model combining Proof of Stake (PoS) with Proof of History (PoH), a cry...

What Is Shiba Inu SHIB Used For? Understanding SHIB, Shibarium and Its Ecosystem

Sep 17,2026 at 05:59pm

Core Utility of SHIB Token1. SHIB serves as the foundational asset within the Shiba Inu ecosystem, functioning as a transferable ERC-20 token on Ether...

What Is Avalanche AVAX Used For? Understanding Staking and Avalanche Subnets

Sep 11,2026 at 07:40pm

Core Utility Functions of AVAX1. AVAX serves as the primary medium for settling transaction fees across all three native chains—X-Chain, C-Chain, and ...

What Is Cardano ADA Used For? Understanding Staking and the Cardano Ecosystem

Sep 19,2026 at 10:20am

Core Utility of ADA Tokens1. ADA serves as the native asset of the Cardano blockchain, functioning as the sole medium for settling transaction fees ac...

What Is Hyperliquid HYPE Used For? Understanding Its Token and Trading Network

Sep 12,2026 at 11:39am

Core Utility of HYPE Token1. HYPE serves as the native governance token of the Hyperliquid protocol, granting holders voting rights on critical upgrad...

What Is SUI Used For? Understanding SUI Staking and the Sui Ecosystem

Sep 11,2026 at 04:40pm

Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...