The Weekly SOURCE of Truth — ReSource community update Dec 21/2021

Dear Community,

Welcome to The Weekly SOURCE of Truth; our weekly community update, covering the latest developments in the ReSource ecosystem: dev updates, KPI reports, future plans and anything you need to know as a member of the growing ReSource community.

Secondary markets and staking

SOURCE has been bridged to the Ethereum blockchain. The SOURCE token contract on Ethereum can be viewed here.

Development Updates

Marketplace

As the end of the year nears, users on the ReSource Marketplace are learning that their rUSD balances can be used as a powerful tax-optimization tool.

Since rUSD deficits count as a liability for tax purposes, utilizing one’s rUSD credit line may help in reducing the annual tax burden. Our sales team is working hard to make sure that our users understand this and make the best possible use of this tool.

On a more technical note, the chat module with which Marketplace users can communicate has been updated, and some minor bugs have been fixed.

Protocol Development

We began specifying the basics for an open-source SDK package that will allow anyone to spin up an independent, whitelabeled ReSource Marketplace.

In contrast to new Protocol instances that support independent networks with their own unit of account, these marketplaces will reside within the confines of the ReSource Network, use rUSD as a unit of account, and be interoperable with the main ReSource Marketplace.

The purpose of these whitelabeled marketplaces is to allow independent entrepreneurs to spin up local exchange networks and industry specific trade networks, while keeping them connected to the larger rUSD economy. We’ll share more updates on this topic soon, so stay tuned.

MISC

We started engaging with a QA team and have implemented automatic testing.

That’s it for now.

For more updates on how to use your SOURCE to underwrite credit lines, stake and earn rewards stay tuned here, follow us on twitter and join our telegram.

Thank you again for your support,

Your friends at ReSource.

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A blockchain-based mutual credit network for businesses.

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ReSource

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A blockchain-based mutual credit network for businesses.

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