SOURCE PROTOCOL: A decentralized, public and permission-less network for cross-chain smart contracts

in #ido • 7 months ago

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About SOURCE

SOURCE is a comprehensive blockchain technology suite for individuals, enterprises and developers to easily use, integrate and build web3.0 applications. It is a broad-spectrum technology ecosystem that transforms centralized web tools and financial instruments into decentralized ones. Powering the future of web3, SOURCE is building limitless enterprise applications on a secure and sustainable global network. Defi white-labelled services, NFT markets, RWA tokenization, play-to-earn gaming, Internet of Things, data management and more. SOURCE is providing blockchain solutions to the real world and leveraging the power of interoperability.

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)

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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!

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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Source Protocol Key Components

  • Sustainable Growth model built for enterprise involvement and mass application adoption
  • Guardian Validator Nodes for enhanced network security
  • Integration with Source Protocol’s Binance Smart Chain Ecosystem and Decentralized Money Market, Source One Market
  • Source-Drop (Fair community airdrop and asset distribution for ATOM stakers and SRCX holders)
  • Interoperable smart contracts (IBC)
  • High speed transaction finality
  • Affordable gas fees (average of $0.01 per transaction)
  • Highly scalable infrastructure
  • Open-source
  • Permission-less Modular Wasm + (EVM)
  • Secured on-chain governance
  • Ease of use for developers

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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For More Information about Source Protocol

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: Whitley Keaton
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3475199
Telegram username: @WhitleyKeaton
Wallet address: source19099kfugrda2qg35yg3m2cspdtkggmc25zcp9f

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