Background

The Source Blockchain network is one Key Component of Source Protocol's Larger Web 3.0 Ecosystem

Source Chain (SOURCE) is a public, permission-less and interoperable blockchain network for enterprises, developers and individuals to create and use scalable apps, smart contracts and tools for Web 3.0, DeFi, NFTs, and more. SOURCE is a key component of a much larger ecosystem built by Source Protocol Ltd to fuel the ever-evolving global economy.

Source Protocol is a comprehensive blockchain technology suite for the use and developments of Web 3.0 applications, designed for builders, enterprises, and individuals that wish to easily utilize decentralized technology. Beyond Source Chain $SOURCE, 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 Market - A peer to peer, non-custodial application for borrowing, lending, staking, and more.

• Source X (SRCX) (BEP-20) - the first automated rewards network token built on Binance Smart Chain.

• 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.

• 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.

The first product of Source Protocol, Source X (SRCX), was deployed on June 6th, 2022 and is already contributing toward a vision of an ecosystem based on sustainable growth. $SRCX will be integrated with other Source applications like Source One Market, which will open the door to bridge wrapped assets from Binance Smart Chain (BEP-20) to Source Chain (SOURCE) and other Cosmos Hub ecosystems.