Review of ReSource Finance (SOURCE coin) project

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2021-11-04 09:18:17

ReSource Finance

What is ReSource Finance (SOURCE)?

ReSource Finance is a project that provides a comprehensive tool to create distributed credit systems that help participants gain access to cost-effective credit on extremely competitive terms, cooperative trade. further and create a new type of stablecoin that derives its stability and value from the natural source of market forces.

At the heart of ReSource is a lending system that allows businesses to extend credit to each other in the form of goods offered and services rendered. In terms of efficiency, this means that participants in the system can access each other’s goods and services in exchange for being guaranteed to provide goods and services of equal value to those in the system. other participants in the network.

The capabilities of the ReSource protocol can be tailored to different use cases and can meet the needs of closed commercial transaction communities, as well as active open market applications. for profit without license.

How does ReSource Finance work?

ReSource allows businesses to extend credit to each other – without fiat money.

The ReSource protocol allows merchants to monetize what they already have: unused inventory, free labor time, and all the resources that comprise their business.

Participating merchants lend these unused resources to peers who need them and in return – get what they need to expand their own businesses.

This mutual credit system is secured by a distributed network of underwriters who contribute to secure credit lines and receive rewards in return.

Highlights of ReSource Finance

Change the concept of money

The ReSource protocol creates a new type of stablecoin, achieving autonomous stability. ReSource stablecoins are not pegged to fiat or other assets, but take the stable value of the goods and services traded against them.

Changing the financial sector

The ReSource protocol not only bypasses the middleman and custodian, but effectively removes the creditor from the equation.

No Collateral, Secure and Decentralized

A distributed underwriting network that enables decentralized credit issuance without compromising decentralization and security.

Smart coverage

Instead of relying on credit scoring agencies, participants can use their social capital, endorse each other, or use a variety of reputation mechanisms to demonstrate creditworthiness. Not only is this fairer than a traditional credit score, but it’s also smarter and more reliable.

Basic information about SOURCE token

  • Token Name: ReSource Finance
  • Ticker: SOURCE
  • Blockchain: Ethereum
  • Token Standard: ERC-20
  • Contract: Updating
  • Token Type: Utility, Governance
  • Total Supply: Updating
  • Circulating Supply: Updating

Token Allocation

Reserve: 12.5%

Ecosystem Development Fund: 2.2%

Marketing, mergers, licenses: 2.5%

Partners and advisors: 3%

Team: 15%

Sponsorship Fund: ten%

Staking, liquidity, MM, incentive rewards: 38.01%

IDO: 2.5%

Private Sale: 5%

Seed Round: 9.49%

Token SOURCE Allocation
Token SOURCE Allocation

What is SOURCE token used for?

Administration.

Payment of transaction fees in the network.

SOURCE token storage wallet

Updating

How to earn and own SOURCE token

Updating

Where to buy and sell SOURCE tokens?

Join SHO on Dao Maker fundraising platform.

Roadmap

Updating

Partner

Partner SOURCE
Partner SOURCE

What is the future of the ReSource Finance project, should I invest in SOURCE token or not?

ReSource Finance was developed to create a distributed credit network, allowing participating businesses to extend credit to each other. Through this article, you must have somewhat grasped the basic information about the project to make your own investment decisions. CHK is not responsible for any of your investment decisions. Wish you success and make a lot of profit from this potential market.


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