June 17 (Cointime) - Chainlink is using its treasury to promote the use of its oracles by contributing LINK tokens. Recently, 21 million LINK tokens worth around $111 million were transferred from Chainlink's official wallets.

Of this, 17.95 million LINK ($95 million) was moved to Binance from the non-circulating supply of Chainlink. The company aims to create a self-sustainable oracle economy, and its support for open and free access to its oracles is expected to have a positive impact on the LINK token's price growth. At present, LINK is trading at $5.36, up by 1.90% in the last 24 hours.