Chainlink Update: Official Airdrop
April 2, 2020

At Chainlink, we believe that tokens are most useful when they are widely used to the extent practicable. In the case of accessing, managing and paying with a range of different cryptocurrencies, a wide distribution is also critically important for network security. Unfortunately, not everyone have spare time, opportunity, and technical proficiency necessary to get on the earliest moments of a token generation’s events.

In Chainlink’s case, 4% has been set aside from the total issuance, ready to be distributed by an automatic airdrop. That is, now every address on the Ethereum blockchain that has a balance over a minimum threshold of 0.1 ETH will receive a share of this 4% that is proportional to their share of ETH.

For every 1 ETH that you hold, you can receive 30 LINK tokens as an airdrop. Existing LINK holders will also benefit from this airdrop, for every 1 LINK that you already have, you can receive an additional 0.3 LINK.

My LINK is on the exchange. How can I receive the airdrop?

Exchanges will not support the LINK airdrop and we will not be able to airdrop the tokens to your wallet. In order to receive the LINK airdrop you need to:

1. Have a personal Ethereum wallet (like MyEtherWallet, Parity and etc.) where you hold the actual private key.
2. Withdraw your LINK and ETH balance from the exchange you have on your personal wallet.
3. Enter your address, balance and follow the steps above to charge your tokens.

What is Chainlink?

Chainlink is a blockchain project that aims to build bridges between payment services like PayPal and Visa, banks like HSBC and Wells Fargo, and blockchains like Ethereum and Bitcoin.