SOURCE PROTOCOL: Powering the future of web3

in #dex • 5 months ago

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Source Protocol Presentation

Source Protocol Ltd is a smart chain ecosystem built to power the Web 3.0 economy. Create and use scalable and secure applications on Source Chain, a decentralized, public and permission-less network for cross-chain smart contracts. Explore all DeFi has to offer in Source's peer-to-peer money market, Source Marketplace, where you can instantly access competitive rates on lending, borrowing and staking your crypto assets. Simplify your DeFi experience and earn passive market rewards from Source Marketplace with Source Token. Unlock the potential of your business by seamlessly integrating Source Protocol's DeFinTech infrastructure and enabling your customers to utilize next generation financial technology on the blockchain.

Source Protocol’s Vision

Despite the challenges, Source embraces the evolution and benefits of various blockchain and smart contract technologies to date. The team’s vision is to create a continuously evolving and all-encompassing Web3 Ecosystem that unites state of the art technologies in a chain-inclusive, solvent, secure, and automated environment fit for retail and enterprise users alike. As Web 3.0 grows and matures, Source’s focus will remain on value creation for our community and users, ensuring superior security features, continuously audited, value-backed solvency, and economic incentives are a high priority.

As a team of experienced finance professionals, developers and DeFinTech experts, we are dedicated to fostering financial sovereignty by utilizing the power of blockchain and smart contract to make traditional financial services accessible, efficient and private. Together we’re building a new protocol for reliable decentralized lending, borrowing, earning and more, to support the next generation of individuals and institutions with complete ownership and control over their finances.

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Why Source Protocol

Firstly, many protocols are reliant on centralized exchanges for liquidity, limiting their ability to scale independently. This creates a lot of the same issues traditional finance has been plagued with for decades.

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

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.

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Source Protocol’s ecosystem

Source Protocol’s ecosystem includes a full DeFi Suite, a members rewards program and white-label integration capabilities with existing online Web 2.0 enterprises:

  • Source Swap — An Interchain DEX & AMM built on Source Chain for permission-less listing of $SOURCE-based tokens, native Cosmos SDK assets, cw-20’s, and wrapped Binance Smart Chain (BEP-20) assets.

  • Source One Market — A peer to peer, non-custodial DeFi marketplace for borrowing, lending, staking, and more. Built on Binance Smart Chain with bridging to Source Chain & native Cosmos SDK assets.

  • Source Token $SRCX (BEP-20) — the first automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain.

  • Source One Token $SRC1 (BEP-20) — a governance and incentivized earnings token that powers Source One Market.

  • Source USX $USX (BEP-20) — Source One Market stablecoin backed and over collateralized by a hierarchy of blue chip crypto assets and stablecoins.

  • Source Launch Pad — Empowering projects to seamlessly distribute tokens and raise liquidity. ERC-20 and BEP-20 capable.

  • Source One Card & Members Rewards Program — users can earn from a robust suite of perks and rewards. In the future, Source One Card will enable users to swipe with their crypto assets online and at retail locations in real time.

  • DeFi-as-a-Service (DaaS) — Seamless white-label integration of Source One Market, Source Swap, Source Launch Pad, and/or Source One Card with existing online banking and financial applications, allowing businesses to bring their customers DeFi capabilities.

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PARTNERS

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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)

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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.

Follow us on social media

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 Details

Bitcointalk name: Belinda Axel
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3382091
Wallet Address: source1eu4glvx32lvd9vllec3yd5q43zut8ttjw8r8pq

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