Chainlink Reserve Adds 427,577 LINK in October, Reaching 6.48 Million
Photo: TokenPost
Chainlink announced Friday, Oct. 30, that its reserve had added 427,577 Chainlink (LINK) tokens during October, worth more than $5.3 million, bringing reported holdings to 6,475,076 LINK. The update appeared at 5:30 p.m. ET (21:30 UTC), before October ended, and gave no exact cutoff for the accumulation. The 427,577 LINK figure is therefore an October-to-date total, not a completed-month tally. The reserve converts offchain enterprise revenue and onchain service usage into LINK through Payment Abstraction. It is an Ethereum smart contract with a multiday timelock before withdrawal requests are processed. The reserve held 6,047,498.3150 LINK at Q3 end .
Source: TokenPost
