SOURCE PROTOCOL: An enterprise grade Blockchain

in #game • 6 months ago

0_MwCNhDGX46ueA0iM.jpg

Source Protocol INTRODUCTION

SOURCE is a standalone, layer 1, proof-of-stake blockchain, based in the Cosmos Hub IBC ecosystem (the Interchain). SOURCE has been built with Ignite CLI (formerly Starport), which utilizes the Tendermint BFT consensus mechanism (Ignite) and the Cosmos SDK. This enables interoperable transactions with other layer 1 Cosmos Hub blockchains and creates a developer-friendly platform to build on top of. With SOURCE, everyone has access to a highly efficient, scalable and interoperable blockchain network to create apps, smart contracts and tools for the Web 3.0 Economy. Developers, enterprises and individuals can build, integrate and use everything from DeFi apps, NFTs, play-to-earn, metaverse, privacy networks, DeSci, and much more.

Unlock the Potential of Your Business With web3 Integration

Source Protocol is not just a technology provider; it's a strategic partner for enterprises seeking to integrate the future of finance into their offerings. Here's what you stand to gain:

1. Seamless White-label Integration: Integrate top-tier DeFi products like Source One Market, Source Swap, Source Launch Pad, and Source One Card into your existing platforms. Offer a robust decentralized banking experience without the need for rebranding.

2. Full Stack Support: Whether you're a startup or an established enterprise, benefit from a scalable DeFi infrastructure that's backed by round-the-clock support.

3. Regulatory Compliance: Navigate the complex landscape of global regulations with ease. Source's global SAFT licenses and compliant partner network ensure you're always on the right side of the law.

4. Efficiency and Cost Savings: Decentralization means fewer intermediaries. This not only speeds up processes but also reduces costs associated with traditional financial systems.

5. Unmatched Security: Rest easy knowing that Source Protocol's offerings are secured with fully audited third-party code and smart contract technology.

6. Non-Custodial Operations: Source's DeFi solutions are designed with user trust in mind. There's no need to custody customers' assets, offering users peace of mind knowing their assets are in their control.

7. Global Accessibility: The future of finance is borderless. With Source Protocol, businesses can tap into a global ecosystem that's open, fair, and accessible to everyone, everywhere.

Screenshot_1.jpg

Source Swap

Introduction

Source Swap is a DEX and AMM currently in beta testing that will allow for trading and liquidity mining of SOURCE-based tokens, native Cosmos SDK assets and cw-20's. Wrapped tokens from SOURCE Protocol’s Binance Smart Chain-based “Source One" Market will also be integrated. It will allow users to use IBC transfers from various chains for a secure and interoperable user experience. Liquidity pool incentives will be provided from the SOURCE liquidity mining reward allocation from the genesis distribution.

Fees: Transaction, Swap, and Exit

Transaction fees are paid by users when signing and posting transactions to SOURCE Chain. These fees are distributed to SOURCE stakers. Swap fees are paid by users when trading with the SOURCE Swap AMM decentralized exchange. They are calculated based on trade size and vary by liquidity pool. These fees are added to their respective pool and then distributed to users based on the proportion of their liquidity pool token share.

Exit fees are paid by users when exiting a liquidity pool. They are calculated as a percentage of LP token shares being redeemed. Upon exit, the user’s LP shares are burned and the value is distributed to the remaining LP shares. Exit fees are set by the pool creator. SOURCE governance can also deploy additional fees to improve the network if needed.

What makes Source Protocol special?

Unlike the vast majority of existing industry players, Source is an all-encompassing ecosystem. You can think of it as a one-stop-shop. It is not just one chain, token, coin, feature or product, but several that work collectively to form a technology infrastructure that provides value for anyone, from the retail user to the developer to the enterprise. We have a huge incentive infrastructure for users and developers to come, and stay.

unnamed-2.png

SOURCE competitive advantages over other blockchain projects

  • For builders & developers — Source Chain’s extremely high speeds (2500–10000+ tx / per second), low cost / gas fees ($0.01 average per tx), and scalability (developers can deploy apps in multiple coding languages using CosmWasm smart contract framework), set it apart as a blockchain built to handle mass adopted applications and tools. Not to mention, it’s interoperable with the entire Cosmos ecosystem.

  • For users — Source Protocol’s DeFi suite is Solvent and Sustainable (Automated liquidity mechanisms create a continuously self-funded, solvent and liquid network), Reduces Complexity (we’re making Web 3.0 easy to use with tools like Source Token which automate DeFi market rewards), and we’ve implemented Enhanced Security and Governance systems (like Guardian Nodes), which help us track malicious attacks and proposals to create a safer user environment.

  • For Enterprises — Source Protocol is one of the first to introduce DeFi-as-a-Service (DaaS) in order for existing online banking and fintech solutions to adopt blockchain technology with ease, and source also provides Enterprise Programs which are complete with a partner network of OTC brokerages, crypto exchanges, and neobanks that create a seamless corporate DeFi experience (fiat onboarding, offboarding, and mutli-sig managed wallets)

PARTNERS

Screenshot_3.jpg

2024 ROADMAP

LINEAR DEVELOPMENT

Launch Moochkin's Metarun, Q2 / Q3

  • A fun play to earn $SOURCE game launching on the SOURCE mainnet with a sustainable play to earn reward mechanism

Deploy SOURCEswap, Q2 / Q3

  • SourceSwap is a necessary native swap infastructure.
  • 65M Source Liquidity Mining Rewards initiated.
  • BUX dollar pegged token launch

GIVBUX App Integration Q3 / Q4

  • SOURCE will be live on the GivBux app allowing users to spend crypto and donate to charity with no added cost at over 100,000 retailers nationwide.

BASE Finance Integration 2025

  • Banking app for the non-banked in the world.
  • The app allows Account Opening, Payments, Deposits, and Card Issuing, Lending and Buy now, Pay Later
  • Coupled with SOURCE’s Defi-as-a-Service
  • US and LatAm Q2, Q3 2024, India Q4 - Q1 2025

Deploy Source NFT Market, Q4

  • SOURCE NFT market will allow for tokenization of real world assets and more.

Deploy Source Defi Market, 2025

  • peer to peer borrowing and lending, personal loans, and more

ONGOING DEVELOPMENT

Raising Capital

  • 25M to 50M Round A raise (in progress)

Exchange Listing Campaign

  • MEXC (live)
  • LBANK (live)
  • XT.com (live)
  • Deepcoin (live)
  • KoinBX (live)
  • Osmosis dex (live)
  • BigONE (live)
  • OrangeX (live)

Trading / Marketing Campaign

  • X and social media KOL's and exchange promotion strategy, trading competitions, and social media bounty program(in-progress)

Partnerships

  • We will continue to bring partners into the SOURCE ecosystem and launch partner applications. (in progress)

Partner App Development

Exchange and Metrics Site Listings

  • List to CoinGecko (completed)
  • List on Osmosis (completed)
  • List to Coin Market Cap (completed)
  • Additional Metrics Listings

Website Updates

  • The website will continue to be improved
  • Add SOURCE t-shirts, hats, and schwag for purchase (completed)

Screenshot_2.jpg

Conclusion

Source Protocol is a multi-chain and interoperable DeFi ecosystem with automated protocols designed for users to easily borrow against their crypto assets and generate passive earnings from lending, staking, liquidity pooling, and more. The protocol is composed of a “DeFi Toolbox” where users can conveniently access the best that DeFi has to offer in one seamless hub committed to interoperability, security, solvency and sustainability.

Source Protocol Social media link:

Website: https://www.sourceprotocol.io
Documents: https://docs.sourceprotocol.io
Twitter: https://www.twitter.com/sourceprotocol_
Instagram: https://www.instagram.com/sourceprotocol
Telegram: https://t.me/sourceprotocol
Discord: https://discord.gg/zj8xxUCeZQ

Author

Bitcointalk Name: Raheen park
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=3383066
Address: source1zac3fgdcpux9n2yt5xcaanshqf0lpvhefe96j2

6 months ago in #game by
$0.00
    1 vote
    Reply 0