What is ReSource?

ReSource is a distributed ledger technology (DLT) protocol, built on blockchain Celo.

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, more cooperative trade. more and create a kind creates its stability and value from the natural source of market forces.

the center of ReSource is a lending system that allows businesses to extend credit to each other in the form of goods provided and services provided. 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.

Protocol capabilities can be tailored to different use cases and can meet the needs of closed commercial trading communities, as well as permissionless for-profit open market applications .

Project website interface: https://www.resource.finance/

ReSource's mechanism of action

To understand the mechanism of action of ReSourceFirst, you need to briefly understand what mutual credit is and how the parties play a role in this model.

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Mutual credit is a form of multilateral credit, allowing users in the network to use endogenously generated money as a means of transaction. Simply put, this form of borrowing will be a transaction between brothers in the network, with the borrowed money (credit) to your wallet will correspond to the deficit (deficit) in the lender's wallet. As a result, the total amount of deposits on the system will always equal the amount of the deficit.

A mutual credit network will start in a no-deposit state, meaning no money exists in the system. At this stage, your account is an empty account and will be overdrafted up to a limit set by the system.

clairvoyance A type of loan where the borrower is allowed to borrow more than the deposit balance up to a certain limit.

I will present ReSource's mechanism of action through the following example:

Suppose, on the current network, there are Alice, Bob, and Carol with a total balance in the account of zero.

When Alice wants to buy an item from Bob, Alice must create a deficit in her account and this will be the new balance in Bob's account.

In this way, Carol will also make an overdraft to buy an item from Alice, at which point the balance in Alice's account has been balanced to zero.

If Bob decides to buy an item/service from Carol now, Bob's balance will be transferred to Carol, covering Carol's deficit and bringing both balances to zero.

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Eventually, the network returns to equilibrium, with no deposits, no debt, and no coins created in the system.

Special features of ReSource

Operation model of ReSource allow you to trade effectively in the market, especially here will be businesses and individuals, B2B - Business to Business and next will be B2C - Business to Customer. Brothers participating in the network can trade goods and services through  of the issuing system - rUSD.

The system will ensure ethically between the participants, you need to have a certain reputation to borrow stablecoins. Besides, the brothers participating in the network in the later stage will not be forced to price, increasing the fake scarcity.

The limit of the amount of stablecoins created in the system is determined by the number of participants and the amount of debt each person is allowed to consume. As a result, the supply of stablecoins created is continuously elastic to meet the needs of borrowers.

Token ReSource (SOURCE) Information

Key Metrics SOURCE

  • Token Name: ReSource.
  • Ticker: SOURCE.
  • : .
  • Token Standard: Updating…
  • Contract: Updating…
  • Token Type: Governance.
  • Total Supply: 100,000,000 SOURCE.
  • Circulating Supply: Updating…

SOURCE Token Allocation

  • Incentives & Rewards: 32.31TP1B
  • Reserve: 23.8%
  • Early Supporters: 14.5%B
  • Core Team: 14.5%
  • Foundation: 10%ILLION
  • Advisors: 2.9%B
  • Ecosystem Fund: 2% billion

SOURCE Token Sale

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SOURCE Token Release Schedule

SOURCE Token Use Case

SOURCE Tokens are used to:

  • Participate in project management.
  • Used to guarantee debt accounts.
  • Making transaction fees on the network.
  • Staking to participate in the loan. You need to stake some amount SOURCE fixed to be able to participate in loans on the network.
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How to earn and own SOURCE Token

You can own SOURCE by buying tokens on exchanges after token listing.

Storage wallet & exchange SOURCE Token

SOURCE token storage wallet

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Exchange SOURCE token

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Roadmap & Updates

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Project team, investors & partners

Project team

The current project is supported by a team of Advisors including: Bill Melton - founder of Verifone, Jim Aviles - founder of Avigo, Galia Benartzi - founder of Bancor, ....

Investors

Partner

Currently ReSource has cooperated with a number of platforms such as , Teller, Irta and at Berkeley.

Similar projects

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summary

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. 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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