We are very excited about this update made possible via the Axelar Network. USDC.axl and all Axelar supported digital assets can now be sent to SOURCE via the IBC channel with Axelar. What this means is that SOURCE users will now be able to hold USDC.axl and any Axelar supported assets and transact with them while staying within the SOURCE ecosystem. These assets can now be transferred into the SOURCE ecosystem where they can be utilized in future applications and also transacted between users.
With SOURCEswap just around the corner, this will allow the first liquidity pool to be made with USDC.axl/SOURCE and we can start building additional TVL (total value locked) on chain.
For those that have read our documentation, you will know that we are very strong proponents of building in real value backing to support the value of SOURCE that goes beyond speculation and extreme volatility that the crypto markets are subjected to. This development is a massive milestone for us to achieve our goals as it allows a path forward for real prove-able, decentralized TVL to accumulate on the SOURCE blockchain.
This functionality puts the power in the hands of the people, you the SOURCEforce can hold and transact your USDC.axl and keep it within the SOURCE ecosystem. Whether it is to just hold, swap, play games or send payments to friends, true utility starts with the ability to scale the blockchain with digital assets such as USDC.axl, ETH.axl, SOL.axl, BNB.axl etc. Just remember to always save some SOURCE for the minimal gas fees. We hope you understand and see the value this brings to the possibilities that lie ahead for SOURCE and its ecosystem.
In regard to other developments and news, we are still working on securing capital investments to help with things like bootstrapping SOURCEswap liquidity and bringing in even more future developments.
As mentioned in other posts, the Moochkin's Metarun game has been delayed slightly to resolve seamless web3 integrations. The team is having to spearhead some web3 development that has not been done before so that is why things are taking a bit longer. The game itself is finished and is awesome! We can't wait for everyone to finally be able to play it and interact with SOURCE while having a good time. There has also been great progress made on the poker game that will be launching hopefully Q4 this year. We will update more as that gets closer.
We hope you enjoyed this week's update and we will have more to share next week as things continue to progress forward.
☆ ☆ ☆ ☆ ☆
Please like comment and share this blog post on your social media channels to help grow the #SOURCEforce community! We appreciate your support!
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: USDC.axl, Axelar, gaming hub, 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.