Chainlink launches strategic LINK reserve fund, funded by onchain and offchain revenue.

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Chainlink has just launched the LINK Strategic Reserve Fund to support long term growth and ensure sustainability for the decentralized oracle network. This fund accumulates LINK tokens from both on-chain revenue and off-chain payments of businesses. In the initial phase, the fund has purchased over 1 million USD LINK and will continue to grow as revenue is gradually converted to LINK in the near future.

Chainlink allows the connection of blockchain to real-world data and is used by major organizations such as Swift, Mastercard, UBS, and Aave. The project applies a flexible payment mechanism, allowing users to pay with stablecoin, which is then automatically swapped for LINK via DEX.

Chainlink has no plans to withdraw from the fund in the coming years, expecting stable growth due to increasing demand and acceptance from large institutions.

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