Source Network Makes 3% of Tokens Available to LINK Service Providers as it Joins Chainlink BUILD Program

Key Highlights:

• Source Network officially partners with Chainlink’s BUILD program following efforts to boost the growth of its ecosystem
• The partnership will see Source Network gaining enhanced access to Chainlink’s industry-leading oracle services. Hence, developers within Source Network’s ecosystem are provided with the opportunity to leverage secure off-chain services and integrate reliable market and data feeds
• Source Network pledges 3% of its native token supply to Chainlink service providers as part of the collaboration, encouraging support for both platforms. The allocation of tokens will also include stakers

Source Network, an interoperable data management platform in a recent unveiling of its latest partnership is thrilled to announce that it has officially joined the Chainlink BUILD program.

Following its design, Source Network is committed to enabling developers to build truly decentralized apps while retaining data privacy and ownership for users. Fortunately, its integration into the Chainlink BUILD program is set to provide the platform with a substantial boost in various aspects, further enhancing its efficiency.

Marking a major milestone for the company, Source Network’s participation in the Chainlink’s BUILD program will enable it to further amplify its ecosysrem’s growth while fostering the long-term adoption of its innovative solution, driving it to reach mainstream appeal.

Notably, Source Network can now enjoy amplified access to Chainlink’s industry-leading oracle services, fortified technical support, and novel incentives for cryptoeconomic security due to its decision to combine forces with Chainlink. The move reflects part of Source Network’s unrelenting efforts to propel awareness of its decentralized data management infrastructure and expedite its widespread adoption.

Speaking on the recent development, Addo Smajic, the Co-Founder of Source Network, stated the company’s enthusiasm for the collaboration in a statement that reads:

“Source Network is excited to join Chainlink BUILD to accelerate the integration of top-tier oracle services, which will empower developers to leverage the full potential of our industry-leading decentralized data management infrastructure to create the next wave of innovative web3 applications.”

Source Network Pledges 3% Token Allocation to LINK Service Providers

While the partnership is aimed to establish corresponding benefits for both companies involved, Source Network has revealed plans to provide LINK service providers, with access to 3% of its native token supply over time. Apparently, this commits Source Network to providing network fees and additional benefits to the Chainlink community and service providers, not leaving stakers behind.

Basically, this 3% $OPEN allocation pledge is expected to reinforce the alignment of economic incentives between the two communities, thereby fostering support and growth for both Source Network and Chainlink. Impressively, the move also sets an example for fostering mutual growth within the Web3 ecosystem.

Prior to the development, Chainlink has alway proven to be hell-bent on bridging the gap between blockchain applications and real-world information. Notably, it is renowned as the industry-standard Web3 services platform. It has facilitated trillions of dollars in transaction volume across various major industries, including DeFi, on-chain finance, gaming, and NFTs. It provides a decentralized oracle network that enables developers to create sophisticated Web3 applications with exclusive access to real-world data, regardless of the underlying blockchain.

Nonetheless, it appears that both companies may be a perfect fit for a collaboration as this as Source Network’s mission to empower developers, enabling them to create apps and devices that communicate seamlessly while placing user data ownership and security at the forefront, aligns perfectly with Chainlink’s commitment to providing real-world data and off-chain computation access to developers.