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About Source Token
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What is Source Token (SRCX)?
Automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain. -
Key Features:
- Dual-reward incentives for users
- Solvent growth mechanisms
- Deflationary function that burns tokens with every transaction
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Founders:
6 people, including Ben Gunn (CEO), Paul Regalado (EDRD), Walter Mello (CFO), Cory Clinton (CTO), Jack Karger (CSO), and Jesse Darnell (CBDO) -
Unique Selling
Introducing Source Token: Empowering the Future of Decentralized Finance
What Is Source Token (SRCX)? Introducing Source Token (SRCX), the pioneering automated liquidity acquisition and DeFi market participation token, built upon the robust Binance Smart Chain infrastructure. Designed to foster solvency and self-sustainability, SRCX incentivizes participants with by-the-block rewards, comprising automated Loyalty and Yield Echoes. The SRCX smart contract seamlessly executes liquidity acquisition and reward distribution functions, ensuring a seamless experience. As transaction volume surges, network fees will be incrementally reduced at predetermined milestones, thereby encouraging even greater volume and fostering a thriving ecosystem.
Dual-reward incentives for SRCX users, solvent growth mechanisms, and a deflationary function that incrementally reduces the token supply with every transaction, are all ingeniously integrated into the rigorously audited smart contract underlying SRCX’s ingenious architecture. These functions collectively establish a self-sustaining system that perpetuates increasing liquidity, a diminishing token supply, and automatic block-by-block network rewards that are seamlessly deposited into users’ wallets. The synergy of these features creates a profoundly compelling value proposition for SRCX, surpassing its predecessors across every metric.
Meet the Visionaries Behind Source: The founding team of Source comprises six esteemed individuals, including Ben Gunn (CEO), Paul Regalado (EDRD), Walter Mello (CFO), Cory Clinton (CTO), Jack Karger (CSO), and Jesse Darnell (CBDO). This accomplished team boasts a collective experience of over 30 years in cryptocurrency and blockchain technology, as well as more than 20 years in traditional finance, with notable alumni from esteemed institutions such as Black Rock, Fidelity, Armis Security, and Core Network Technologies.
What sets Source Token (SRCX) apart? Conceived by the visionary team at Source Protocol Ltd, SRCX is a pioneering, rewards-driven global transaction network, bolstered by innovative automated liquidity capture mechanisms that ensure sustainable growth with each and every transaction. Furthermore, SRCX users reap the benefits of earning automated DeFi rewards, dubbed “Echoes,” without the need to engage in intricate DeFi processes.
Launched on the Binance Smart Chain in early June, SRCX has swiftly garnered a user base of over 2000 and secured listings on 8 prominent exchanges, with its community continuing to flourish. The independently-audited smart contract underlying SRCX’s innovative architecture incorporates dual-reward incentives for users, solvent growth mechanisms, and a deflationary function that systematically burns tokens with each transaction. These features collectively create a self-sustaining system that perpetually enhances liquidity, reduces the token supply, and automatically rewards users with block-by-block network incentives deposited directly into their wallets. The cumulative effect of these features is a compelling value proposition that surpasses its predecessors on every metric.
The Source Protocol team has outlined plans to seamlessly integrate SRCX into Source Protocol’s decentralized, non-custodial DeFi marketplace, Source One Marketplace. This integration will enable users to supply, borrow, and collateralize SRCX, thereby amplifying its utility. Furthermore, as users supply SRCX as collateral, it will be removed from circulation, introducing an additional deflationary economic factor. Currently in full beta testing, the Source Marketplace is slated for deployment on the Binance Smart Chain in the coming months.
Beyond the aforementioned features, SRCX’s deflationary mechanism can be temporarily suspended during promotional periods. During this time, tokens are redirected from the burn wallet, where they would otherwise be removed from circulation, and are instead distributed among all SRCX users, thereby augmenting reward allocation to the community. The burn function is disabled at random intervals to prevent manipulation, and is designed to stimulate increased rewards and attract a broader user base.
As part of the developers’ unwavering vision and commitment to SRCX’s prosperity, their primary focus will remain on fostering widespread adoption and acceptance of SRCX within the crypto community and among enterprises, while maintaining its position as the premier sustainable DeFi reward token. Furthermore, the Source Protocol community will be granted access to an exclusive Source Members Rewards program, replete with additional incentives and benefits, including privileged access to Source NFT mints, preferential discounts with Source partners, invitations to exclusive events, and more. In the coming months, the Source team will continue to list SRCX on an increasing number of high-volume exchanges, thereby amplifying global awareness of the project.
What is the Circulating Supply of Source Token (SRCX) Coins? According to the Source Protocol white paper, the total supply is capped at 500,000,000, with 200,000,000 units burned at the genesis stage, leaving a fair launch supply of 300,000,000.
According to the white paper, the Source Token (SRCX) protocol imposes a transaction fee, which enables an automated DeFi participation service for its users. Initially, the levy is set at 10% of all transactions, and is subsequently allocated into three components within the SRCX smart contract. Specifically, 6% is channeled towards Source’s Dynamic Liquidity Pool Acquisition (DCLP), 3% is redistributed to all SRCX wallet holders in the form of Loyalty Echo rewards, and 1% is dedicated to BNB Liquidity Pool Acquisition. As the network expands and achieves sustainable trading volume milestones, the automation fee will be incrementally adjusted downward by the protocol’s algorithm.
The Source Token Network’s robust security framework is meticulously outlined in the Source Protocol’s white paper. To ensure the protocol’s safety, Source Protocol Ltd has implemented a multi-layered approach: all tokens in the Dev Wallet were burned prior to launch, a fair launch was facilitated on DxSale, the liquidity provider (LP) is securely locked on DxLocker, and an LP is generated with every trade, subsequently locked on PancakeSwap.
Where Can You Acquire Source Token (SRCX)? SRCX tokens are available for purchase on numerous cryptocurrency exchanges. Notably, LBANK stands out as a prime platform for trading SRCX, boasting the highest SRCX/USDT trading volume, which reached $115,213 as of June 2022.
Alternative platforms for the SRCX/USDT trade pair include COINSBITS, P2PB2B, AZBIT, INDOEX, and TOKPIE. It is essential to acknowledge that investing in cryptocurrency, like any other investment opportunity, inherently carries risk. To access real-time SRCX prices in your preferred fiat currency, you can utilize CoinMarketCap’s converter feature, conveniently located on the Solana currency page or the dedicated exchange rate converter page.
Our latest features on SRCX:
LBank Exchange to List Source Token (SRCX) on June 10, 2022
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According to a recent press release on Bloomberg, dated June 10, 2022, LBank Exchange has announced the listing of Source Token (SRCX), effective immediately.
LBank Exchange to List Source Token (SRCX) Tomorrow:
https://cointelegraph.com/press-releases/lbank-exchange-to-list-source-token-srcx-tomorrow
https://ambcrypto.com/source-protocol-gears-up-to-fuel-the-next-generation-of-decentralized-finance/
LBank Exchange to List Source Token (SRCX) on June 10, 2022
LBank Exchange to List Source Token (SRCX) on June 10, 2022:
https://thenewscrypto.com/lbank-exchange-will-list-source-token-srcx-on-june-10-2022/
LBank Exchange to List Source Token (SRCX) on 10 June 2022.
Source Protocol gears up to power the Web 3.0 economy:
https://sourceprotocol.medium.com/source-protocol-gears-up-to-power-the-web-3-0-economy-fb0e5fac5c4f
https://ambcrypto.com/source-protocol-gears-up-to-fuel-the-next-generation-of-decentralized-finance/
Explore the innovative Source Token (SRCX), which converges all the benefits of DeFi into a single, powerful token: