Happy Friday #SOURCEforce! This past week was focused on many technical integrations and improvements with the already established exchange listings. Larger tier exchange listings will be on the table once trading picks up and becomes a little more established. We expect this may take some time as the current overall market sentiment is in a state of fear. So in the meantime while we wait for the market conditions to improve we will be focused on continued application development. June was also a very busy month and we saw SO much accomplished, for those that may have missed the recap posted earlier in the week, here it is again:
SOURCE listed live on many exchanges including MEXC, LBANK, AscendEx, CITEX, XT.com, Deepcoin, Biconomy, BigOne, AzBit, and OrangeX
NodesGuru validator and block explorer was deployed for easier tracking of SOURCE transactions. This was a necessary step to be able to integrate into larger exchanges going forward.
KYVE Network Public Good validator was deployed allowing developers to easily and securely have access to SOURCE historical data. Necessary infrastructure for future application development.
An amazing and catchy SOURCE promotional song and video was made by the community: https://x.com/SourceProtocol_/status/1800251541955269063
SOURCE was integrated unto IBC.fun powered by SKIP.API for easy asset swapping
SOURCE was integrated into SwapFast by Leap Wallet for swapping assets chain to chain in one click
SOURCE was wrapped and made EVM accessible for more access and adoption/integration into future evm applications
A $100k liquidity pool was deployed for $SOURCE and $PLQ on Physica.Finance the native defi HUB of the Planq Network
A development contract was signed and agreed to with Webisoft that will bring two very exciting native applications to SOURCE. The Webisoft validator was also deployed to help further secure the network
In other SOURCE news, vaults on EVIA are trending and still have some of the highest reward opportunity. This will not last long however because staking rewards/inflation is lowering every day.
9 months ago at the genesis launch the inflation was at 40% and we are now at 27.5% this is on track to be at approximately 20% by October and will gradually climb down to 10% in a little over a year from now. This means the APR/APY for staking rewards will decrease significantly after 2 years have passed from the time of genesis.
We are also seeing a steady rise in token supply locked on-chain with 31.54% of tokens now bonded.
Regarding CMC, we are still waiting for them to verify our circulating supply. This significantly affects rank and visibility for trending and exposure. We have had no response from their side as to the reason why this is taking so long. We will follow up again next week.
The other developments on the table for release this year are: 1. SOURCEswap
2. Moochkin's Metarun play to earn game
3. Undisclosed application 1
4. Undisclosed application 2
5. Additional exchange listings
Partners and relationships established to date:
Planq Network
KYVE Network
Evia
Webisoft
Osmosis
Secret Network
Akash
2TG Entertainment
NodesGuru
Developments are moving along and each week more and more progress is made, even if things take longer than we anticipate or would like we continue to work and achieve as much as possible.
Enjoy the weekend!
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NEWCOMERS:
Welcome to the #SOURCEforce!
If you are new you may have a $SOURCE #airdrop from staking $ATOM. Simply connect Keplr to the SOURCE blockchain. Tokens were automatically distributed at genesis. Last snapshot - February 2023. SOURCE mainnet launch was October 13, 2023. Add SOURCE to Keplr using the chain registry HERE.
There are many more great things coming for $SOURCE, be sure to join our Discord or Telegram and interact with our great community.
Stay informed and don't miss out on all the excitement!
keywords: trustless data, validator, staking, crypto exchange, trading, RWAs, play-to-earn, web3 gaming, $SOURCE, IBC, blockchain business solutions, SCRT, Secret Network, Kyve Network, Planq Network, Akash, 2TG Entertainment
Disclaimer: This blog article is for informational and entertainment purposes only and should not be considered financial advice. Please do your own research before making any decisions with your tokens.
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