#Binance Learn & Stake: Receive free crypto & enjoy up to 100% APY in $SHIB Locked Staking by completing a course & quiz!Īccording to the guidelines given, users can earn SHIB rewards by learning about the various aspects of the crypto and blockchain industry. It also posted the same on its website as SHIB is no more a memecoin. The exchange announced the news in a tweet that is bound to attract a lot of attention from the crypto community – especially the lovers of SHIB. The exchange seems to have figured that promotions are the gateway to a bigger customer base. This time, the exchange has announced a promotion to award new users with SHIB tokens. However, the longer-term trend is still bearish, as LINK is down 84% from its May 2021 all-time high of $52.70.Binance, the largest crypto exchange in the world, is almost always in the news for one thing or another. The token was trading at $8.40 at the time of writing, having gained more than 10% over the past fortnight. From around $7.40 this time yesterday, LINK pumped to an intraday high of $8.83 during the Wednesday morning Asian trading session. LINK Price Up 12%Ĭhainlink’s native token reacted strongly to the roadmap update with a surge of 18% on the day before retracing slightly. In February, Bank of America gave Chainlink a big plug stating that its oracles could disrupt major industries. The initial v0.1 release is projected for later this year, with planned upgrades to v1 and v2 ushering in additional functionality. The rollout of the staking mechanism will be gradual, evolving as its oracle feeds did from a single feed on ETH/USD to thousands of them. The final goal is to “empower node operators to access higher-value jobs by staking.” This means that over time, node operators will have greater opportunities to participate in Decentralized Oracle Networks (DONs), furthering the security even more. It expects long-term growth to result in a greater portion of staking rewards being sourced from “non-emissions-based sources.” Thirdly, Chainlink staking aims to generate sustainable rewards from actual long-term use. Additionally, node operators can create delegated staking systems, similar to what Tezos does. The second goal is to encourage community participation and involvement. Furthermore, incentives and penalties such as slashing enable Chainlink nodes to consistently generate accurate oracle reports and deliver them in a timely manner. LINK tokens are locked up as a “service-level guarantee around network performance,” it explained. The primary goal of staking is to increase the security and user assurances of Chainlink oracle services. “The staking of LINK in turn enhances the ability for nodes to receive jobs and earn corresponding fees within the Chainlink Network.” There are four long-term goals for Chainlink, which launched oracles on Solana earlier this month, staking but the underlying principle was explained as follows: In this update, we define the long-term goals, roadmap, and initial implementation of staking in the Chainlink Network. Staking marks the start of #Chainlink Economics 2.0, a new era for the long-term security and sustainability of oracle networks. The same is true for most proof-of-stake blockchains that reward stakers for helping to secure the network. Staking is a mechanism that brings a new layer of ‘cryptoeconomic security’ to Chainlink, it explained. The blog post referenced “Chainlink Economics 2.0” with a focus on staking as part of the endeavor to scale the system and integrate more blockchain networks. On June 7, the Chainlink team published its “Long-Term Goals, Roadmap, and Initial Implementation,” outlining the following stages for the data oracle blockchain project.
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