{"id":241933,"date":"2022-06-08T15:30:27","date_gmt":"2022-06-08T14:30:27","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=241933"},"modified":"2022-06-08T13:31:00","modified_gmt":"2022-06-08T12:31:00","slug":"chainlink-economics-2-0-roadmap-release-causes-link-to-spike-24","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-economics-2-0-roadmap-release-causes-link-to-spike-24\/","title":{"rendered":"LINK spikes 24% following Chainlink reveal of ‘Economics 2.0’ roadmap"},"content":{"rendered":"

Decentralized oracle protocol Chainlink (LINK<\/a>) posted details of its long-term goals and new roadmap<\/a> on June 7, which will take the network to the “Chainlink Economics 2.0” era.<\/p>\n

“Economics 2.0” introduces token staking to help secure the network and reward user participation.<\/p>\n

“Staking is a key mechanism that aims to bring a new layer of cryptoeconomic security to Chainlink, where crypto rewards and penalties are applied to help further incentivize the network\u2019s proper operation.”<\/p><\/blockquote>\n

On the release of the news, buy pressure triggered a 24% upswing in the price of LINK, to peak at $9.02. However, LINK was trading flat on June 8 with a slight sell bias, reverting its price to $8.41 as of press time.<\/p>\n

\"Chainlink
Source: LINKUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

A new era for Chainlink<\/h2>\n

In a tweet publicizing the matter, Chainlink said staking is the beginning of the Economics 2.0 era, which will bring “long term security and sustainability.”<\/p>\n

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Staking marks the start of #Chainlink<\/a> Economics 2.0, a new era for the long-term security and sustainability of oracle networks.<\/p>\n

In this update, we define the long-term goals, roadmap, and initial implementation of staking in the Chainlink Network.https:\/\/t.co\/WJkoUzPA0i<\/a><\/p>\n

— Chainlink (@chainlink) June 7, 2022<\/a><\/p><\/blockquote>\n