The Weekly SOURCE of Truth — ReSource community update Nov 30/2021

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.

First of all, we would like to thank you again for an amazing and overwhelming SHO event. Please find a full report of the event, with statistics and special thanks here. If you want to know what’s next, you’ve arrived at the right place. Below we’ll address a few questions regarding SOURCE allocations, secondary markets and staking; as well as development updates and news on the live ReSource Marketplace.

SOURCE allocations

SHO Participants:

If you have participated in the SHO via one of these platforms: DaoMaker, Infinity Pad, Anypad, or Gate.io, rest assured that your allocation is held safely with the respective platform. If you haven’t received your allocation yet, please contact the relevant platform’s customer support.

Pre-SHO Participants:

We initially planned on sending SOURCE directly to the addresses you provided via email. However, due to overwhelming demand for SOURCE during the public SHO, and issues with a few of the addresses provided by participants, we’ve decided to take a risk minimizing approach.

We are now developing a Claim dApp that will allow participants to connect their wallet and directly claim their SOURCE with the click of a button — rendering human errors almost impossible.

Our new target date for distribution is December 20th. Your tokens will still unlock according to the schedule in your agreement, beginning Nov 22, 2022.

Secondary markets and staking

SOURCE trading pairs are available at the following venues:

Gate.io (ETH/SOURCE), Gate.io (USDT/SOURCE), Pancakeswap, Ubeswap

With the courtesy of Celo and Ubeswap, liquidity provision for the SOURCE\mcUSD trading pair is now incentivised with 50,000 SOURCE, 13,080 UBE and 8,180 CELO per month.

More LP incentive programs for Uniswap and Pancakeswap will be announced shortly, so stay tuned.

On top of that, SOURCE staking will go live on the ReSource network, beginning 2022\Q1, which is right around the corner.

Development Updates

Marketplace

The main focus this week is on getting the new version of the Employee-benefit feature live.

As you may know, as part of our current go-to-market strategy we’re targeting small to medium sized businesses, interested in extending their employee benefits program.

As part of this strategy, employers access an rUSD credit line and use it to pay their employees benefits in rUSD. Employees can then spend their rUSD allowances on the ReSource Marketplace to acquire food, health and wellness services. Employers then re-pay their rUSD debt by accepting rUSD as a means of payment at their establishments.

To streamline this go-to-market strategy we’re adding a new feature to the marketplace that will make it easier for employers to allocate rUSD budgets to their employees and to add new employees to their rUSD payrolls.

Further improvements to the Marketplace include a more mobile-friendly chat feature, and various storefront improvements that have been directly requested by our pilot-users in Asheville, NC, USA.

SOURCE and dApps

Our first SOURCE upgrade went live and includes two major interface updates. Unlock schedules and balance information are now easier to read on-chain and readily available to be used by dApps.

To make SOURCE allocations more secure and human-error proof, we’re developing a Claim dApp that will allow participants to verify their address before receiving their SOURCE allocation.

MISC

On top of that we’ll focus this week on building a cloud-based development layer that will ease the workloads on our developers’ machines, as well as expedite onboarding of new team members and contractors. We’ll also implement CI/CD pipelines on this dev-layer and consolidate workflows across our team.

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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