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Source Token (SRCX) is the first automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain. It rewards participants with automated Loyalty and Yield Echoes. SRCX's liquidity acquisition and reward distribution functions are executed by the SRCX smart contract. As transaction volume increases, network fees are reduced to incentivize greater volume.
SRCX is developed by the Source Protocol Ltd team and offers a rewards-based global transaction network with automated liquidity capture mechanisms. Users can earn automated DeFi rewards called 'Echoes' without participating in complex DeFi processes.
The founding team of Source includes Ben Gunn (CEO), Paul Regalado (EDRD), Walter Mello (CFO), Cory Clinton (CTO), Jack Karger (CSO), and Jesse Darnell (CBDO). The team has extensive experience in crypto, blockchain tech, and traditional finance.
SRCX has a total supply of 500,000,000, with 200,000,000 burned at genesis and a fair launch supply of 300,000,000. The protocol incurs a fee on every transaction, which is used for liquidity pool acquisition and redistributed to SRCX wallet holders via Loyalty Echo rewards.
The Source Token network is secured through various measures, including burning all tokens in the Dev Wallet before launch, a fair launch on DxSale, and locking LP on DxLocker and PancakeSwap.
SRCX can be purchased on exchanges such as LBANK, COINSBITS, P2PB2B, AZBIT, INDOEX, and TOKPIE. However, investing in cryptocurrency carries risks.
For more information about SRCX, you can refer to the following articles: - [NASDAQ](https://www.nasdaq.com/press-release/lbank-exchange-will-list-source-token-srcx-on-june-10-2022-2022-06-10) - [Bloomberg](https://www.bloomberg.com/press-releases/2022-06-10/lbank-exchange-will-list-source-token-srcx-on-june-10-2022) - [CoinTelegraph](https://cointelegraph.com/press-releases/lbank-exchange-to-list-source-token-srcx-tomorrow) - [Ambcrypto](https://ambcrypto.com/source-protocol-gears-up-to-fuel-the-next-generation-of-defi/) - [TechBullion](https://techbullion.com/lbank-exchange-will-list-source-token-srcx-on-june-10-2022/) - [TheNewsCrypto](https://thenewscrypto.com/lbank-exchange-will-list-source-token-srcx-on-june-10-2022/) - [Medium](https://sourceprotocol.medium.com/source-protocol-gears-up-to-power-the-web-3-0-economy-fb0e5fac5c4f) - [NewsBTC](https://www.newsbtc.com/news/company/source-token-srcx-all-of-defis-benefits-in-one-token/)
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