Chainlink（LINK）代币经济学
Chainlink（LINK）信息
Chainlink的LINK網路是第一個分散的oracle網路，允許任何人安全地提供智能合同，訪問關鍵的外部數據，脫機支付和任何其他API功能。任何擁有數據Feed，脫機服務（如本地付款）或任何其他API的用戶均可以直接將其提供給智能合同，以換取LINK令牌。
Chainlink（LINK）代币经济学和价格数据分析
快速了解 Chainlink（LINK）的代币经济数据，包括市值、供应量、FDV 和历史价格，帮助您轻松掌握币种现状与市场表现。
Chainlink（LINK）深度代币结构解析
深入了解 LINK 的代币发行、分配与解锁机制。本部分涵盖代币用途、激励模式和解锁计划。
Chainlink’s LINK token underpins the entire decentralized oracle network, powering incentives, payments, and the economic security model. Below is a detailed breakdown of its token economics, including issuance, allocation, usage, incentive mechanisms, locking, and unlocking dynamics, as well as recent supply data.
Issuance Mechanism
- Token Standard & Genesis: LINK was launched as an ERC-677 token (compatible with ERC-20) on Ethereum on September 16, 2017. ERC-677 expands ERC-20, allowing token transfers to trigger logic on the receiving contract.
- Maximum Supply: 1,000,000,000 LINK tokens were minted at genesis. There is no ongoing inflation or routine issuance; all LINK tokens in circulation today originate from the initial supply.
Allocation Mechanism
The original strategic allocation of the 1B LINK tokens (based on disclosures and third-party sources like CoinGecko):
| Allocation Category | Amount (LINK) | % of Total | Vesting/Lockup |
|---|---|---|---|
| Public Sale | 350,000,000 | 35% | Released at token sale (Sep 2017) |
| Node Operators & Ecosystem | 350,000,000 | 35% | Cliff ended Q4 2019, now largely unlocked |
| Company/Team/Reserve | 300,000,000 | 30% | Vesting status unclear, some still locked |
| Total | 1,000,000,000 | 100% |
- Public Sale: Raised $32M in Sep 2017.
- Node/Ecosystem Allocation: Controlled by Chainlink Labs, intended to bootstrap and reward ecosystem participants, notably node operators.
- Company/Team/Reserve: Held by Chainlink Labs and used for ongoing development, team incentives, and strategic initiatives. Detailed vesting schedules have not been publicly disclosed.
Usage & Incentive Mechanisms
LINK is fundamental to the operation of the Chainlink network across several dimensions:
- Medium of Exchange: Required as the payment token for oracle services, node operators, and Chainlink Functions (cross-chain interactions, data retrieval, etc.).
- Staking: Users and node operators can stake LINK to participate in the network, earn rewards, and secure oracle services.
- Node Subsidies: Chainlink Labs periodically distributes LINK to incentivize and bootstrap new node operators, especially for critical services like price feeds and CCIP transfers.
- Reward Distribution: Chainlink node operators receive LINK as compensation for providing reliable data feeds and performing network jobs.
Example: Demand from Functions
A report modeled LINK demand based on service usage:
| Yearly Requests | Cost per 1M Requests ($) | Annual LINK Demand ($) |
|---|---|---|
| 10 Billion | $0.20 | $2,000 |
| 10 Billion | $0.30 | $3,000 |
| 100 Billion | $0.20 | $20,000 |
| 100 Billion | $0.30 | $30,000 |
| 1 Trillion | $0.20 | $200,000 |
| 1 Trillion | $0.30 | $300,000 |
Demand directly scales with protocol usage, incentivizing LINK holding and staking by network participants.
Locking & Unlocking Mechanisms
- Node Operator & Ecosystem Allocation: Subject to an initial cliff that ended in Q4 2019. Most of this allocation is now unlocked and distributed or circulating.
- Company/Team Allocations: Some tokens remain non-circulating and are presumably subject to internal vesting or lockup, but detailed schedules are undisclosed.
As of May 22, 2024, about 482.92M LINK (~48.3% of max supply) are still non-circulating, held mostly by Chainlink Labs-controlled addresses.
Recent Circulating Supply Trend
Recent data shows the LINK circulating supply has remained flat at 657.1 million over the last week (May 29–June 4, 2025), suggesting minimal new unlocking events in this period.
Key Takeaways
- Fixed Max Supply: No inflation, all LINK comes from the 2017 genesis mint.
- Strong Node Incentives: Both direct (rewards) and indirect (staking yield, security).
- Substantial Team/Reserve Holdings: Nearly half the supply remains in non-circulating, team-controlled wallets, affecting circulating supply and market dynamics.
- Unlocking Cadence: Largest “unlock” was the cliff end for ecosystem allocation in Q4 2019. Since then, unlocks are sporadic and mostly undisclosed.
Table: LINK Allocation & Status
| Category | Initial Allocation | Current Status (as of May 2024) |
|---|---|---|
| Public Sale | 350M (35%) | Fully circulating |
| Node Operators/Ecosystem | 350M (35%) | Largely unlocked, distributed for incentives |
| Company/Team/Reserve | 300M (30%) | Partially locked, some still non-circulating |
| Total | 1,000M (100%) | Circulating: ~517-657M, Non-circ: ~482M |
Limitations and Open Questions
- Chainlink Labs has not provided detailed, up-to-date vesting schedules for all non-circulating tokens. The exact timing and criteria for further unlocks remain opaque.
- No inflationary supply, but circulating supply can periodically increase as non-circulating tokens are moved.
Summary
Chainlink’s LINK token economic design relies on a fixed supply, robust staking and node participation incentives, and a mix of public sale, ecosystem, and team allocations. Ecosystem and team reserves provide flexibility for future incentives and growth, though the opacity around unlock schedules is a notable transparency limitation. With no routine new issuance, usage growth and ecosystem incentives are tightly coupled, maintaining scarcity while aligning incentives for security and adoption.
Chainlink（LINK）代币经济模型：关键指标与应用场景
了解 Chainlink（LINK）的代币经济模型，对于分析其长期价值、可持续性和发展潜力至关重要。
关键代币经济指标及其计算方式：
总供应量（Total Supply）：
已创建或将要创建的 LINK 代币的最大数量。
流通供应量（Circulating Supply）：
当前市场上可供交易和公众持有的代币数量。
最大供应量（Max Supply）：
LINK 代币可能存在的总数量上限。
完全稀释估值（FDV）：
当前价格 × 最大供应量，预测所有代币完全流通时的总市值。
通胀率（Inflation Rate）：
反映新代币发行的速度，影响稀缺性及长期价格走势。
为什么这些代币经济指标对交易者很重要？
流通供应量高 = 流动性强。
最大供应量有限 + 低通胀率 = 具备长期价格上涨潜力。
代币分配透明 = 增强项目信任度，降低中心化风险。
FDV 高而当前市值低 = 可能存在高估风险的信号。
现在您已经了解了 LINK 代币经济模型的功能，赶快查看 LINK 代币的实时价格吧！
如何购买 LINK
想将 Chainlink（LINK）添加到您的投资组合中吗？MEXC 提供多种购买 LINK 的方式，包括信用卡、银行转账和点对点交易。无论您是新手还是专业用户，MEXC 都能让您轻松、安全地购买加密货币。
Chainlink（LINK）价格历史
分析 LINK 的价格历史有助于用户了解过去的市场走势、关键支撑/阻力位以及波动模式。无论是追踪历史最高价，还是识别趋势，历史数据都是价格预测和技术分析的重要组成部分。
为什么选择 MEXC？
MEXC 是全球领先的加密货币交易所，深受全球数百万用户信赖。无论您是新手还是资深交易者，MEXC 都是您进入加密世界的最便捷途径。
免责声明
代币经济数据来自第三方。MEXC 不保证其准确性。请在做出任何投资决策前自行审慎评估。
