If you have recently purchased XRP on exchanges such as ProBit, you should consider participating in the Sologenic airdrop. XRP prices have soared over 12 percent in the past week. In addition, the SOLO token is now tradable on exchanges such as ProBit. This ICO is just one piece of a much bigger puzzle – Sologenic is building an ecosystem for the on-demand tokenization of assets.
XRP price has surged over 12% in the last week
Announcing a massive airdrop of XRP to its holders, the newly launched project is causing a flurry of activity in the XRP market. This is no surprise as SOLO is a new project that faces stiff competition from established players. However, SOLO is not the first crypto project to consider tokenization or securitization. The company used the airdrop as a marketing gimmick.
The team behind Sologenic has reported great exchange support for the airdrop, with almost three40,000 Trustlines being established to its XRP Ledger gateway. It also announced the participation of more than thirty of the world’s largest centralized exchanges, including Binance, Okex, and Houbi. Due to this airdrop, the XRP price has soared over 12% in the last week.
While the FLR airdrop may be an isolated event, it may indicate big things for XRP. At the same time, many new projects have emerged to provide decentralized finance solutions, “old time” digital currencies still have strong communities and networks. For example, the CEO of cold wallet solution provider Ngrave, Reuben Merre, believes that the value of the Spark token drop has already been factored into XRP’s price. Therefore, further downside is expected once XRP drops below the $0.5 level.
The airdrop is an example of this phenomenon. Sologenic is using Coreum (CORE) as a platform and issuing SOLO on a decentralized exchange. The SOLO coins are issued on XRP’s ledger, which is decentralized. In addition to the airdrop, Sologenic has also announced a decentralized exchange for SOLO, which will be able to trade on the XRP Ledger.
XRP holders are eligible for the airdrop
XRP holders are eligible to receive the SOLO tokens as long as they hold SOLO and XRP on a centralized exchange and have set up a Trustline from their private wallets. On December 24, 2021, a large portion of the 100M SOLO pool will be distributed to XRP holders via airdrop. To determine which accounts qualify for the airdrop, the Sologenic compliance team will examine the top thousand wallet addresses to ensure that the addresses are accurate $XRP holders.
Sologenic’s goal is to remove entry barriers to crypto investment. The platform aims to lower entry barriers for crypto investors by tokenizing a wide range of assets. SOLO is a digital asset, allowing holders to trade in non-blockchain asset classes. XRP holders are eligible for the airdrop, and SOLO sells for over $1.7 per SOLO. The airdrop is scheduled to take place on December 24 at 20:00 UTC.
SOLO tokens are tradable on exchanges like ProBit
SOLO is a security stablecoin backed by traditional stocks and currencies. The team behind the project includes renowned experts in financial institutions, artificial intelligence, and fintech. They are also planning to launch a marketplace for SOLO tokens. While the project’s future remains unclear, the team is currently working on listing the tokens on more than ten exchanges globally.
The Sologenic ecosystem is an advanced platform for trading SOLO coins and other tokenized assets. The exchange was launched in April 2018 by a team of crypto experts. Unlike most other businesses, it allows users to tokenize non-blockchain assets. For example, you can trade stocks and ETFs on Sologenic. In exchange, your SOLO tokens will be converted into a stablecoin in a 1:1 ratio. This is appropriate for those concerned about the volatile nature of cryptocurrencies. Sologenic’s platform also offers discounts on trading fees and rewards its users for using the platform.
After identifying your identity, you can deposit funds on a Sologenic exchange. Once you have deposited the funds, you can exchange them for SOLO or withdraw them to your wallet. Some businesses will require that you complete KYC before trading cryptocurrencies. Other exchanges don’t require KYC for deposits and withdrawals. Regardless of your choice, the platform should offer 24-hour customer support.
Sologenic has made 200 million SOLO tokens available to their loyal users in an airdrop. So, it is best to invest in this new currency and secure your investment. In addition, the SOLO tokens are tradable on exchanges like ProBit. The SOLO airdrop will be the best way to gain exposure to SOLO and its ecosystem. When it does arrive, you should be able to trade it in exchanges like ProBit.
Sologenic is building an ecosystem for on-demand tokenization of assets
With the XRP Ledger network and SOLO utility token, Sologenic is building an ecosystem that facilitates on-demand tokenization of assets. This network will enable liquidity to move instantly and create a bridge between traditional and Crypto assets. By creating a decentralized market, the SOLO token will give holders access to a vast range of stocks on over 30 global exchanges. With these features, Sologenic is poised to disrupt the asset trading industry.
BANXA is the first of many partnerships to allow users to use the SOLO card to spend tokenized assets in any store. Users can use the SOLO card anywhere they can make purchases and use them as collateral. The SOLO card is compatible with MasterCard, Visa, Apple Pay, and many other popular payment options. By making these transactions more convenient, the SOLO token is expected to become a viable investment for many users.
The SOLO mobile wallet is designed for traders to access the tokenized assets on the SOLO platform easily. With SOLO wallets, traders can keep track of live markets, trades, and deposit assets. The SOLO mobile wallet also lets users manage their assets from their wallets. Lastly, the SOLO wallet is compatible with other popular cryptocurrencies. So, the SOLO wallet is built on the XRP Ledger and can handle fiat and crypto assets.
Initially, the SOLO marketplace will operate on the Sologenic DEX ecosystem. This decentralized exchange will allow users to trade digital assets on the platform, making the Sologenic marketplace an ideal tool for experienced and novice investors. Unlike traditional brokerages, the Sologenic platform allows users to use their preferred private wallets to store their NFTs. A recent update to the SOLO platform included several new features.
Sologenic uses SOLO coins for market-making and liquidity
A decentralized exchange, Sologenic allows its users to trade crypto assets with XRP or SOLO coins. The DEX offers low fees and processes up to 1500 trades per second. Its interface supports advanced trading features such as market orders, stop losses, limit orders, and margin trading. The SOLO wallet is a native blockchain wallet used to store cryptocurrencies. Users can track live markets and deposit and withdraw assets.
The SOLO coin is a utility token that can be traded against cryptocurrencies. Its Liquidity Provider Reward Program rewards SOLO users for providing liquidity and discounts on trading fees. Another benefit of holding SOLOs is the free SOLO Card. The SOLO Card lets holders spend crypto worldwide. SOLO holders can get a card with four tiers based on how many SOLOs they own.
The SOLO coin is a decentralized utility token, which Sologenic uses for market-making and liquidity. Its underlying technology is based on the XRP Ledger, a deflationary currency. In addition to enabling on-demand tokenization, SOLO acts as a trading utility. The utility token can also be used to trade non-blockchain assets.
Although SOLO is a utility coin, it still lacks adoption. Before a utility coin can gain adoption, it must establish a baseline population. This population is critical for volume and liquidity. In addition to the adoption rate, SOLO must offer competitive features and attract crypto investors from neighboring networks. This is why the price is at an all-time high. While SOLO is still a relatively new coin, it’s likely to gain popularity.