TechFlow news, August 7 — According to an official announcement today, the Chainlink Foundation has launched the Chainlink Reserves Program, aiming to establish a strategic reserve of LINK tokens funded by on-chain and off-chain revenue. The reserve has already accumulated over $1 million worth of LINK tokens in its initial phase and will use the Payment Abstraction mechanism to automatically convert enterprise service revenues and on-chain service fees into LINK tokens. The Foundation stated that no withdrawals from the reserve will occur over the coming years.
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