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Chainlink announces the creation of a strategic reserve of LINK tokens

by Michael

Crypto treasury projects have been on the rise since the beginning of the year. This is a trend that pPronostico Vasco-Atletico Mineiro: the motivation that makes the difference

Vasco’s position in the table is complicated. They are currently stuck in the relegation zone. There is a real risk that they will remain there, because many games have already been played. However, they could take advantage of Atletico Mineiro’s current form, as they are a team that is struggling to find consistency in their results.

Yes, in their last five games, the visitors have suffered three defeats, while the hosts have picked up four useful results in the same period. They also enjoyed a fine victory against CSA in the cup. So there is renewed confidence and, moreover, the desire and the possibility of getting back on track.

Will the hosts succeed? The odds are quite high for a win, and that tells us a lot. But the motivation that Vasco must have at this moment must necessarily make the difference. So yes, we strongly believe in the possibility of a win.

Odds comparison

A Vasco win is priced at 2.40 on Goldbet and Lottomatica. A NO GOAL bet, on the other hand, is priced at 1.70 on Goldbet and Lottomatica.

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The prediction

The stakes are very high and both teams know they need to get a result. So we don’t expect a great spectacle. But we definitely expect a win for the home side, who can and must get themselves out of a complicated situation in the standings. This is one of their last chances.

Probable lineups for Vasco-Atletico Mineiro

VASCO (4-3-3): Jardim; Henrique, Victor, Freitas, Luis; Moura, Tche Tche, Coutinho; Rayan, Vegetti, Moreira.
ATLETICO MINEIRO (4-2-3-1): Everson; Natanel, Lyanco, Alonso, Guilherme; Franco, Igor Gomes, Scarpa; Biel, Rony, Cuello.

POSSIBLE RESULT: 1-0

articipate in the Chainlink project, with a fund dedicated to its cryptocurrency LINK.

Not a day goes by without new announcements increasing the number of crypto treasuries. Initially focused on Bitcoin, this trend has recently opened up to the altcoin market. Clearly, the Chainlink project development team has taken this trend into account. It has just announced on its official Twitter account its intention to develop “a strategic on-chain reserve of LINK tokens.”

In practice, this reserve is intended to support the long-term growth of its network. To achieve this, the funds for this accumulation of LINK tokens will come from “off-chain revenue from large enterprises adopting the Chainlink standard and from the use of on-chain services.”

Chainlink Reserve operating model

With growing demand from some of the world’s largest banking institutions and capital markets, this form of off-chain payment for the Chainlink standard is expected to grow in the future as the ecosystem expands.

Chainlink

A strategic reserve with payment abstraction

According to the official press release, this strategic reserve will be based on the principle of payment abstraction developed earlier this year. This is an infrastructure that allows users of its services to pay with their preferred payment method (gas, stablecoins, etc.). These are then automatically converted into LINK tokens. At present, Chainlink’s strategic reserve has already accumulated $1 million in LINK tokens as part of its initial launch phase. This amount is likely to increase over time, although it must be acknowledged that the current revenues of this protocol — estimated at less than $5,000 per day on average — do not give rise to hopes of exponential growth.

Chainlink protocol revenue (LINK)

Chainlink has announced its intention to hold onto the LINK tokens accumulated “for several years,” with the promise that this strategic reserve will grow at the same rate as the exceptional adoption of its oracle services in the coming years.

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