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Source - $SOURCE  is the native gas and governance token of the network.

What is $SOURCE used for?

The SOURCE Token has multiple functionalities for different utilities

  1. Developers need to buy SOURCE Token(s) to pay for contract deployment.

  2. DApp users need to buy SOURCE Token(s) to pay for executing methods of deployed contracts.

  3. SOURCE Token holders need to pay a transaction fee when transferring tokens.

  4. Validators need to buy validation tickets for SOURCE Token(s) to participate in the validation process.

  5. Full-node Providers need to buy full-node license for SOURCE Token(s) to be a full-node provider.

  6. Rewards such as smart-contract royalty fee, validation and full-node provider rewards, token challenge and bug-bounty rewards are paid to the ecosystem members in SOURCE Token(s).

 

TOKEN FUNCTION 1.

Payment for contract deployment.

Developers must pay a fee to deploy new smart contracts on the platform. This fee is paid in SOURCE Token(s) and the amount of fee relates to the size and logic of the deployed contract.

TOKEN FUNCTION 2.

Payment for executing methods of deployed contracts.

Application (DApps) users may need to pay a fee for using certain smart contract functions if the operation causes data to be written to the blockchain. This fee is paid with SOURCE Token(s), and may relate to the length of the data written and the complexity of the executed smart contract function.

 

TOKEN FUNCTION 3.

Payment for fees of token transfers.

When users send SOURCE Token(s) as a value transfer to another address, they must pay a transaction fee. This is a flat fee and does not correlate to the amount of SOURCE Token(s) sent during the transaction.

TOKEN FUNCTION 4.

Payment for validation tickets.

A potential validator needs to pay a deposit fee to enter the pool of validators who have the right to validate the following block. Validators assure the integrity of the transactions by validating the blocks based on the Proof-of-Randomness (PoR) consensus mechanism. Whenever a particular validator wins the validation process, the validator also receives all the coins as rewards from the Issuance Pool.

TOKEN FUNCTION 5.

Payment for full-node provider registration.

Full-node providers constantly run the SOURCE software on a capable device, providing storage space for the network. To join the network as a Full-Node Provider, developers/providers need to pay a registration fee using SOURCE

 

TOKEN FUNCTION 6.

Rewards are paid in SOURCE Token.

Rewards such as smart-contract royalty fee, validation and full-node provider rewards, token challenge and bug-bounty rewards are paid to the ecosystem members in SOURCE Token(s).

How to buy $SOURCE TOKEN >

How to store $SOURCE TOKEN >

$SOURCE TOKEN audit

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