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Sologenic (SOLO) Airdrop Guidelines & FAQ

Sologenic (SOLO) Airdrop For XRP & SOLO Community

Table of contents

Who is eligible to receive SOLO tokens airdrop?

What is a TrustLine?

When is the snapshot and distribution date & time?

How much SOLO will be airdropped?

What is the ratio of the airdrop for XRP and SOLO holdings?

Will I get SOLO airdrop if I have XRP and/or SOLO?

How does this airdrop affect the supply of SOLO?

How much SOLO will I get from this airdrop?

How to claim through SOLO Wallet (Sologenic DEX mobile app)?

How to claim through Sologenic.org DEX?

How to claim through XUMM Wallet?

How to claim through XRPTOOLKIT?

How to claim through Ledger Devices or D’CENT?

How to add Trustline manually and claim through my private wallet?

What if your XRP is on an exchange?

What if your SOLO is on an exchange?

How to support the Sologenic Ecosystem?

Interested in joining the core team?

Since the announcement of the 200M SOLO Airdrop, we have been thrilled at how the community welcomed our decision. We are now sure that we have done the right thing and the team’s decision to release the SOLO tokens to the community was great.

Although we have written details on how to claim the airdrop, the community still has many questions that we are addressing in this FAQ.

Q: Who is Eligible for the AirDrop?

A: Anyone who establishes a Trustline to the SOLO Gateway address and holds XRP and/or SOLO at the time of snapshot is eligible to receive the airdrop.

Q: What is a TrustLine?

A: A TrustLine is a feature from the XRP Ledger to allow currencies other than XRP to be issued and transacted between accounts. It also allows accounts to hold a “limit” of that currency they wish to hold.

Q: When is the snapshot and distribution date & time?

A: On Dec 24th, 2021 at 8:00 PM UTC we will take a snapshot of the XRP Ledger and scan the accounts with TrustLines to the SOLO Gateway. Those who have the TrustLine established will be on the list to receive the tokens on Jan 20th, 2022 at 8:00 PM UTC.

Q: How much SOLO will be airdropped?

A: A Total of 200,000,000 SOLO will be airdropped to the eligible community.

Q: What is the ratio of the airdrop for XRP and SOLO holdings?

A: 100,000,000 SOLO will be airdropped to the accounts (with an established TrustLines) who hold XRP and another 100,000,000 SOLO will be airdropped to accounts that hold SOLO.

Q: Will I get SOLO airdrop if I have XRP and/or SOLO?

A: if you have both XRP and SOLO, you will receive the airdrop for both accounts (depending on the balances of each account XRP or SOLO, the airdrop amount could be different). If you only have XRP at the time of the snapshot, you will only receive SOLO from the 100M pool that is designated for XRP. If you only have SOLO at the time of the snapshot (XRP account reserve also counts as a positive XRP balance) you will receive an airdrop from the pool that is designated to both.

Therefore, if you have both you will receive an airdrop from both pools, if you hold only of the currencies, you will receive an airdrop from that specific pool.

For example, take Alice, Bob, and Joe.

Alice has a balance of:

XRP: 5,000

SOLO: 15,000

Alice will get a portion of the 100M pool designated to SOLO AND a portion of the 100M designated for the XRP pool.

Bob has a balance of:

XRP: 5,000

SOLO: 0

Bob will only get a portion of the 100M pool designated to XRP

Joe has a balance of:

XRP: 12

SOLO: 5,000

Since it is not possible to hold a TrustLine with a balance of 0 to the SOLO Gateway, Joe will receive a portion of the 100M pool designated to SOLO AND a portion of the 100M designated for the XRP pool (with 12 XRP as his contribution amount).

Q: How does this airdrop affect the supply of SOLO?

A: Around 2 years ago 400,000,000 SOLO were created to be used within the Sologenic Ecosystem. Of this 400,000,000, (Around 40,000 has been burned through fees) over half were locked to be used for a potential airdrop to expand the community. This means, the team is not minting new tokens (Which is not possible due to the fact the Sologenic Gateway has burnt its address and is not technically able to mint new tokens) and is in fact not increasing its supply causing inflation.

Q: How much SOLO will I get from this airdrop?

A: Depending on the number of accounts that claim the airdrop, the 200M SOLO will be distributed according to the total claimed amount.

Let’s assume the final amount of XRP and SOLO which are qualified for the SOLO airdrop at the time of snapshot is as follows:

SOLO: 20,000,000

XRP: 500,000,000

Then the number of SOLO Airdrops for the holders of XRP and SOLO will be calculated and distributed as below:

SOLO Airdrop Amount:

(200,000,000 ÷ 2) ÷ 20,000,000 = 5 SOLO per each SOLO Holding

XRP Airdrop Amount:

(200,000,000 ÷ 2) ÷ 500,000,000 = 0.2 SOLO per each XRP Holding

Q: How to claim through SOLO Wallet (SOLO DEX & Wallet mobile app)?

A: SOLO Wallet (SOLO DEX & Wallet mobile app) is a full-featured XRPL wallet with built-in DEX provided by the Sologenic Core Team. You can use this app to securely store your SOLO, XRP, or other issued currencies on the XRP Ledger.

1- Download the app for your device

Appstore: https://apps.apple.com/ca/app/solo-wallet/id1497396455

Google Play Store: https://play.google.com/store/apps/details?id=com.sologenicwallet

2- Follow the on-screen instructions and accept the terms and conditions

3- Create a new wallet (if you already have one, skip to step 11)

4- Choose a name for the new wallet and pick a strong password (This password is required for signing transactions)

5- Write down your 12-word recovery words in a safe place offline. (DO NOT SHARE this with anyone)

6- Confirm your recovery phrase by selecting them in the order they were shown on the last screen.

7- After finishing your wallet is now set-up

8- At this stage, you must fund your wallet with at least 10 XRP to activate it

9- You can copy your address or view the QR code to send XRP from another wallet. Please note you do not have a destination tag with this wallet.

10- After sending the XRP, your wallet must show a positive balance which indicates that your account is now active. To activate the SOLO currency on the wallet, click on “SOLO” (at this stage it says it is not activated)

11- Click activate and provide your account password. After a few seconds, you will see a pop-up that your SOLO Wallet has been activated.

Click Done and go to the main wallet screen.

You can now see your SOLO Wallet is activated and the “NOT ACTIVATED” is now removed.

You can now send, receive buy and sell both SOLO and XRP using this wallet. To trade, simply click on the “DEX” tab and browse the markets available for the XRPL DEX. You can add your custom pairs and add them to your favorites for future trading use.

Your SOLO and XRP balance is now considered eligible for the SOLO airdrop. Please note that the snapshot will be taken on Dec 24th, at 8:00 PM UTC and your balance as of this date and time will be considered for the amount of the airdrop you will receive.

After the snapshot, the airdrop amount (calculated based on the total number of claims) will be automatically distributed to this wallet and no further action is required from your side.

Q: How to claim through Sologenic.org DEX?

A: Sologenic.org is a Decentralized Exchange built on top of the XRP Ledger that allows users to connect their wallets (Sologenic DEX wallet/SOLO Wallet, XUMM, Ledger Device, D’CENT) and trade on the DEX or conduct basic wallet transactions, such as adding a TrustLine, changing account settings, etc.

1- First, go to Sologenic.org and click “Access DEX”

2- Next, click the “Connect Wallet” from the menu bar and choose your preferred wallet. If you chose SOLO Wallet or XUMM, you should have already set up your account with those to get a notification or scan the QR Code. For hardware devices such as the Ledger Device and D’CENT, please connect them to your computer and follow on-screen instructions.

3- Once your signing wallet is connected, head to the “WALLET” tab from the menu bar. You will notice that SOLO is already in the list of currencies, but it says “Inactive” as its status. Click the “Activate” button on the right side of the box.

4- You can confirm that you are adding the SOLO Currency to your wallet, click “Next”.

5- Submit the transaction.

6- At this point, you must sign this transaction with the wallet you connected to earlier. Please follow the on-screen instructions to get the transaction signed.

7- Once the transaction is signed, dispatched and validated you will notice that the status for “SOLO” has changed to “Active”. You can now send and receive SOLO to your wallet.

You can now trade on the DEX with any currency that exists on the XRPL.

Your SOLO and XRP balance is now considered eligible for the SOLO airdrop. Please note that the snapshot will be taken on Dec 24th, at 8:00 PM UTC and your balance as of this date and time will be considered for the amount of the airdrop you will receive.

After the snapshot, the airdrop amount (calculated based on the total number of claims) will be automatically distributed to this wallet and no further action is required from your side.

Q: How to claim through XUMM Wallet?

A: XUMM is a full-featured XRPL Wallet developed by XRPL Labs. You can also connect the XUMM app to your Sologenic.org account and use the DEX on your web browser.

To add a TrustLine for SOLO using the XUMM app, simply download the app from XUMM.

1- Follow the on-screen instructions to create or import your wallet in the XUMM app. Once that is done, you need to fund your account with at least 10 XRP. After funding your account, click the “+” Add” button on the middle-right side of the screen.

2- Choose, “Sologenic” from the list of issuers.

3- Click “SOLO” from the left menu and click “Sign to add token”

4- Confirm the transaction details and “Slide” the button to sign and submit the transaction.

5- Now you can confirm SOLO is added and you can receive and send SOLO to this account.

Your SOLO and XRP balance is now considered eligible for the SOLO airdrop. Please note that the snapshot will be taken on Dec 24th, at 8:00 PM UTC and your balance as of this date and time will be considered for the amount of the airdrop you will receive.

After the snapshot, the airdrop amount (calculated based on the total number of claims) will be automatically distributed to this wallet and no further action is required from your side.

Q: How to claim through XRPTOOLKIT?

A: XRPTOOLKIT is a full-featured web-based toolkit for many operations on the XRP Ledger. You can connect and sign transactions through hardware devices such as the Ledger Device, D’CENT, Cobo Vault, and XUMM.

1- Head to the https://www.xrptoolkit.com website, click “Get Started” and connect your wallet.

Once your wallet is connected you will be redirected to the “Accounts” tab. Here you can see the assets your currently hold in your wallet. Click “+ Add Asset”

2- From the “Asset” list, click “SOLO (Sologenic)” and click “add”.

3- Using your wallet, sign the transaction.

4- After you have signed the transaction, you can see the SOLO as a Trusted Assed in the list with “Active” status.

Your SOLO and XRP balance is now considered eligible for the SOLO airdrop. Please note that the snapshot will be taken on Dec 24th, at 8:00 PM UTC and your balance as of this date and time will be considered for the amount of the airdrop you will receive.

After the snapshot, the airdrop amount (calculated based on the total number of claims) will be automatically distributed to this wallet and no further action is required from your side.

Q: How to claim through Ledger Devices (Nano X & S) or D’CENT?

A: Please check the instruction on how to claim using the Sologenic.org DEX. You will have to connect your hardware wallet to sign transactions. Once you connect your hardware wallet to Sologenic.org, follow the on-screen instructions to sign transactions and add SOLO currency to your account.

Alternatively, you can use the XRPTOOLKIT website to also connect your hardware devices and sign transactions.

Q: How to add Trustline manually and claim through my private wallet?

A: You can simply create a TrusLine to the Sologenic gateway with the following information:

Sologenic Gateway (Issuer): rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz

SOLO Currency Code: 534F4C4F00000000000000000000000000000000

Limit: 400,000,000

Q: What if your XRP is on an exchange?

A: If you have your XRP on a centralized exchange (e.g. Binance) you should check with your exchange to see if they support the SOLO airdrop. The SOLO Core Team is also reaching out to exchanges to inform them about this upcoming airdrop but whether they accept the airdrop or not is up to them and you (If too many users ask their exchange, they may contribute due to popular demand).

Alternatively, you can always take custody of your assets in your own personal wallets such as the SOLO Wallet, XUMM, or Ledger Device. This way, you can be sure to claim the airdrop.

Q: What if your SOLO is on an exchange?

A: If you have your SOLO on a centralized exchange (e.g. Probit) you should check with your exchange to see if they support the SOLO airdrop. The SOLO Core Team is also reaching out to exchanges to inform them about this upcoming airdrop but whether they accept the airdrop or not is up to them and you (If too many users ask their exchange, they may contribute due to popular demand).

Alternatively, you can always take custody of your assets in your own personal wallets such as the SOLO Wallet, XUMM, or Ledger Device. This way, you can be sure to claim the airdrop.

Q: How to support the Sologenic Ecosystem?

A: We are building an ecosystem that is going to disrupt trading assets and by having you by our side, our community will be stronger and more powerful.

Ways to contribute:
* Provide feedback on DEX and Wallet apps
* Find bugs on DEX and Wallet apps
* Contribute to the code (https://github.com/sologenic)
* Create a local community in your region
* Spread the word and donate to the cause

Q: Interested in joining the core team?

A: If you are a developer with a passion to develop on the XRPL, please send us an email to info@sologenic.org. SOLO Core team is young, energetic, vibrant, and multi-cultural. Let’s talk!

Categories
News

SOLO Token, DEX, NFT marketplace, and Airdrop

In this blog post, we outline the upcoming plans and additional utility proposals by the SOLO Core Team and the details of the upcoming SOLO Airdrop for SOLO and XRP holders.

To start with, it is important to understand the distinction between Sologenic.org (SOLO Core Team) and Sologenic.com (Manticore Securities AS).

Sologenic.com and sologenic.org are two separate teams. Sologenic.org aka SOLO Core team’s focus is purely on the expansion of the Sologenic as a decentralized ecosystem while the sologenic.com team are working on the launch of an important use-case of the Sologenic ecosystem: Securities Tokenization

Sologenic.org (SOLO Core Team)

Around 2 years ago, the SOLO Core Team issued 400,000,000 SOLO Tokens to be used across the “Sologenic Ecosystem”. SOLO Core team is an independent community of developers with the passion of making the Sologenic Ecosystem successful. It consists of developers who are actively working on various open-source projects and use cases around the XRP as well as SOLO.

Sologenic.com (Manticore Securities AS)

Sologenic.com (Manticore Securities AS) is a Public Limited Company, registered in the EU with the aim of obtaining MiFID ll Investment Firm license to tokenize securities such as stocks and ETF on the XRP Ledger using the Sologenic Ecosystem. SOLO Tokens play an integral part in when the platform is fully operational. Currently, Manticore Securities AS is in the process of obtaining the license and has developed a test environment that simulates the tokenization of securities on the XRPL.

We consider Sologenic.com (Manticore Securities AS) as the one of largest use-cases of the Sologenic Ecosystem. The potential this brings to the ecosystem is something we think can revolutionize the future of securities trading. More information can be found on www.sologenic.com

Sologenic Ecosystem Expansion

The SOLO Core Team, on the other hand, is actively looking to expand the use cases of SOLO as well as increase community engagement. The team has been building some of the greatest tools that work with the XRP Ledger such as the Sologenic DEX, SOLO Wallet, and the upcoming NFT marketplace.

With the popularity of the Sologenic applications on top of the XRP Ledger, the SOLO Core Team along with the feedback from the community has decided to increase the uses cases of the SOLO Tokens, and as such is proposing:

SOLO as a utility token on the Sologenic XRPL DEX

Sologenic DEX is one of the most popular DEX gateways to the XRP Ledger. At the time of writing this post, the DEX has over 2,000,000 views per week and an average of 150,000 transactions going through the Sologenic DEX on a weekly basis.

Currently, the developers behind the Sologenic DEX, decide about which pairs to list on the DEX UI. This process is not really beneficial for the community and we think the engagement and the power of DEX should really be decentralized too.

Community Voting Mechanism

For the above-mentioned reason, the team is proposing a voting mechanism using SOLO for all the listings and default pairs. Not only does this bring more value to the SOLO Token, but also more value to the projects on the XRPL and the community.

We will announce how the voting process will be conducted in the upcoming posts.

SOLO for minting, listing, and featuring NFTs on the upcoming Sologenic NFT marketplace

Sologenic NFT Marketplace

Last week, we announced plans to launch an NFT marketplace platform to the existing Sologenic DEX. Users will be able to mint and list their NFTs on the upcoming Sologenic NFT marketplace by spending SOLO Tokens. Featuring an NFT will also be possible by using SOLO as a payment by using a bidding system.

100% of the SOLO Tokens collected as fees will be burned instantly.

* The fees for these activities will be published in a future post closer to the launch of the marketplace, but in a nutshell, the token will be the key to listing NFTs on the platform.

This takes us to:

SOLO Token Aidrop

SOLO Token Airdrop

In order to engage the community to participate in the ecosystem and proposed governance utilities, the SOLO Core Team has decided to unlock 200,000,000 SOLO (Community SCF, and Expansion SEF) and conduct an airdrop to the XRP and SOLO communities.

How Will Airdrop Be Distributed?

The airdrop will take place after capturing a snapshot of the account balances on the XRP Ledger, which established a TrustLine to the Sologenic Gateway. The 200,000,000 SOLO will be distributed to those accounts that hold SOLO and XRP at the time of the snapshot.

The following ratio will be applied to the distribution:

XRP holders*: 50%

SOLO holders: 50%

* Please note that a TrustLine to the Sologenic Gateway must be in place for the account to be eligible for the airdrop.

Example: Let’s assume the final amount of XRP and SOLO which are qualified for the SOLO airdrop at the time of snapshot is as follows:

SOLO: 20,000,000

XRP: 500,000,000

Then the number of SOLO Airdrops for the holders of XRP and SOLO will be calculated and deposited as below:

SOLO Airdrop Amount:

(200,000,000 ÷ 2) ÷ 20,000,000 = 5 SOLO per each SOLO Holding

XRP Airdrop Amount:

(200,000,000 ÷ 2) ÷ 500,000,000 = 0.2 SOLO per each XRP Holding

When will the Snapshot be taken?

Snapshot Date/Time: Dec 24th, 2021 8:00 PM UTC

Sologenic Gateway (Issuer): rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz

SOLO Currency Code: 534F4C4F00000000000000000000000000000000 Limit: 400,000,000

When will the SOLO Airdrop be Distributed?

Distribution Date/Time: Jan 20th, 2022 8:00 PM UTC

What if you hold your XRP & SOLO on a Decentralized Wallet?

For SOLO holders who take custody of their assets, no action is needed as these accounts already have a TrustLine established. We are in talks with the exchanges who support the SOLO Token to consider the airdrop distribution amongst SOLO holders.

For XRP holders who take custody of their assets, a TrustLine to the Sologenic gateway is required. This can be conducted using the SOLO Wallet app or the XUMM app by adding SOLO as a currency to your existing account.

What if you hold your XRP & SOLO on Centralized Exchanges?

XRP holders who hold their assets on exchanges will need to periodically check and see if their exchange is supporting the airdrop.

We will initially reach out to exchanges and ask them to distribute the SOLO tokens to their respective users. However, the XRP and SOLO community may help in asking their favorite exchanges to consider participating in the airdrop.

We hope that by distributing the locked SOLO to the community, we will have more user engagement on the Sologenic DEX as well as the NFT marketplace which brings a huge value to the XRP Ledger Ecosystem.

How to stay tuned for further updates?

If you wish to receive more updates about the Sologenic ecosystem and the upcoming airdrop, we suggest you follow @realSologenic on Twitter.

Categories
News

Sologenic Launches First Decentralized Wallet App for SOLO, XRP and Tokenized Stocks

TALLINN, Estonia, Feb. 06, 2020 (GLOBE NEWSWIRE) — CoinField has released the very first decentralized wallet app for SOLO, XRP, and Tokenized Assets to support the Sologenic ecosystem.

Sologenic allows users to trade any cryptocurrencies against 30,000 tokenized Stocks & ETFs from 25+ stock exchanges across the globe.

SOLO is the native token of Sologenic, a platform built on the XRP ledger with the sole mission of merging crypto asset markets with traditional finance markets. This new ecosystem facilitates investing and trading of on-demand tokenized assets, including Stocks and ETFs on top of the XRP Ledger.

The decentralized wallet app will allow users to add, access, and manage multiple wallets, view live market prices, review their recent transactions and HODL, and transfer all their digital assets from a single XRP wallet address. Sologenic will be adding decentralized exchange (DEX) functionally to this app in Q2 allowing users to trade securely while they keep their own private keys.

When building the app for SOLO, the SOLO core team focused on Security, UI/UX, Transparency, decentralization, and ease of use.

“Security, ease of use, availability, speed, and decentralization were amongst our top goals when developing the SOLO Wallet apps. The SOLO core team will continue working on the app and will release new updates such as advanced transactions, notifications and Decentralized Exchange (DEX) so users can securely trade digital assets while they keep their own private keys.” Said Reza Bashash, Sologenic Technical Lead

The app is available to download globally for Mobile and Desktop via the Apple Store and Google Play. Download the desktop version for Windows and Mac.

About Sologenic:
Sologenic is introducing a sophisticated ecosystem that facilitates users with investing, trading, and on-demand tokenization of assets such as stocks, ETFs, and fiat on top of the XRP Ledger. Learn more on https://www.sologenic.com

About CoinField:
CoinField is a regulated European based fiat-to-crypto exchange supervised by Financial Intelligence Unit (FIU) under the licence numbers FVR001049 & FRK000941. The platform supports the top six fiat currencies and a large number of digital assets in 193 countries. Learn more on https://www.coinfield.com.

Press & Media Inquiries
Darren Amner
darren.amner@coinfield.com

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News

Watch Sologenic’s Co-creator Bob Ras in an Exclusive Interview With Nasdaq!

Sologenic’s Co-creator, Bob Ras discussed Sologenic’s future expansion plan & how #XRP Ledger technology helps financial institutions like Sologenic to stay within the regulatory frameworks, and more in an interview with Jane King at Nasdaq Marketsite in New York on 12th September 2021 (source).

Key ideas discussed in the interview:

  • Sologenic’s role in helping users to tokenize over 40,000 stocks and ETFs from top global exchanges.
  • How sologenic allows for multiple assets to be managed within a single platform at a low cost and manage your portfolio better.
  • Unique features of the Sologenic platform such as fractional trading, allows you to trade at as little as you wish.
  • Securities and AML regulations: How Sologenic complies to and maintains top-notch security standards.
  • How the XRP Ledger technology allows users to trade securities outside of our own platform under Decentralized Exchange.
  • The features adopted to make our platform accessible and simple to use.
  • Currently, Sologenic allowing users to practice trading and test their strategies via practice money offered on our platform at sologenic.com.
  • Sologenic’s future plans and roadmap for expansion into the US Market, and more.

To watch the complete interview, go to https://youtu.be/uhuprsG0Dr8

Exciting times are ahead for the Sologenic community!

Follow us on Social media and don’t miss any updates.

Sologenic: @realSologenic

GoSOLO TV: @GOSOLOTV | Youtube
Telegram: https://t.me/SOLOGENICxGoSOLO

Want to know more about Sologenic? Visit https://www.sologenic.com/

Categories
News

Upcoming Live AMA With Sologenic Core Team

https://www.youtube.com/watch?v=X4nBPpsGTwQ

Take part in the LIVE AMA on June 23rd at 18:30 UTC

The Sologenic community has been growing more substantially, and we will host the LIVE AMA on YouTube and Twitter to reach out and stay connected with our community members!

During the AMA, you will meet CoinField’s CEO Bob Ras, Sologenic’s Co-creator/CTO Reza Bashash, and Sologenic’s CPO Dmitri Litvinovich. They will be answering your questions.

We offer a prize pool of 250 SOLO, and only 5 lucky winners will receive 50 SOLO each!

To enter:
Retweet and tag 2 friends 👉 https://ctt.ac/f49Q2
Submit your questions 👉 https://forms.gle/Qj61f7pGrVHre9XbA

If you would like to be part of our Sologenic community, please join our Telegram group.

For more information about the Sologenic ecosystem, visit its website.

Follow Sologenic: 
https://twitter.com/realSologenic,
https://www.youtube.com/c/GoSOLOTV
https://www.facebook.com/realsologenic

Stay contented with the Sologenic’s core team:

Follow Bob Ras: https://twitter.com/bobrasX
Follow Reza Bashash: https://twitter.com/rezabashash
Follow Dmitri Litvinovich: https://twitter.com/SoloDmitri_CPO

Categories
News

Sologenic DEX COMING SOON

Fast, secure & intuitive decentralized exchange built by experienced traders.

Mark your calendars! On March 31st, 2021, Sologenic is launching the Sologenic DEX, an advanced decentralized trading platform. It allows users to trade any fraction of tokenized assets, SOLO, and XRP while having custody of their private keys, providing maximum security and trust.

Limitless Trading Experience

The Sologenic DEX provides a limitless trading experience, allowing you to trade quickly and affordably from anywhere in the world, 24/7. With swift transactions, quick settlements, and trading fees as low as $0.000005 the DEX you can trade anywhere, any time with no delays.

Trade in Real-Time

The DEX executes trades within seconds and accelerates the transactions processes at 1500+ trades per second. The Sologenic DEX trading platform offers live updates allowing you to have the same experience as trading on modern and fast centralized exchanges.

Self-Custody of Digital Assets

You can safely and securely manage your assets by connecting your preferred wallets. The DEX mitigates the risk of third parties involved and ensures all transactions are peer-to-peer and are not exposed.

The DEX supports the following Mobile & Hardware wallets:

  • SOLO Wallet
  • XUMM
  • Ledger
  • D’CENT

Advanced Trading Feature Integration

You have access to all issued pairs and tokens, allowing you to trade XRP and all other tokenized assets on the DEX. Advanced trading features include but are not limited to Market orders, Limit orders with advanced options such as time in-force policies.

Fully Customizable Trading Terminal

Our dynamic and fully customizable trading terminal is built to align with your personal inclinations to ensure a seamless trading experience.

Key Features Include:

  • Personalized widget appearances
  • Professional charting tools With candles as Low as 1 Minute
  • Light and dark colour themes
  • A multilingual interface offered in English, Spanish, Japanese and Russian with more languages to be added.

Ready to Start Trading?

An upcoming update in April 2021 will introduce the DEX into the new SOLO Wallet IOS and Android platforms.

To learn more visit: https://www.sologenic.com/ecosystem/sologenic-decentralized-exchange

Categories
News

Top 10 Women in Crypto 2021

#Womencantrade

In honour of International Women’s Day 2021, Sologenic is highlighting some of the powerful women paving the way in the cryptocurrency and blockchain space. The cryptocurrency industry is not excused from the gender imbalances that infiltrate traditional financial services. According to data released by Etoro, only 15% of bitcoin traders identify as women but why are there so few women traders? Is that because they are scared of taking the risk and trading seems to be only reserved just for men? With Bitcoin continuing to gain momentum in 2021, reaching new all-time-highs upwards of $60,000, there is no better time than now for all women to start trading.

Bitcoin — No Longer A Boys Club

While a large number of the early adopters of cryptocurrency were males, there is a strong and mighty force of females quickly adapting to the new technological landscape and investing in the new economy. BTC News report from late 2020 indicated that there has been a 43% rise in the number of women in the cryptocurrency industry. This goes beyond traders to include women holding influential positions in exchanges, organizations and more. It appears the new technology could be breaking down the barriers of entry that women faced in the traditional financial sectors.

Is crypto finally giving women and disenfranchised individuals a chance? The answer is not simply black or white, however, one thing remains clear; blockchain technology has the potential to help disadvantaged people through the decentralized network and transparency of the interactions. It can empower individuals, specifically women, to participate in the creation of this new technology without the threat of third-party intermediaries.


Here are the top 10 influential women in crypto in 2021

  1. Noelle Acheson, Director of Research at CoinDesk

With over 10 years of experience working in the financials sector, Noelle is well versed in corporate finance, fund management, and cryptocurrency. Since 2013, she has dedicated her efforts to writing and speaking about the potential impact of Blockchain technology and crypto.

2. Catherine Coley, CEO of Binance.US

As the CEO of Binance.US, Catherine leads the United States divisions of the largest global cryptocurrency Exchange. She started her career as a Foreign Exchange Analyst in Hong Kong and later in London at Morgan Stanley. Coley also held the position as Head of XRP Institutional Liquidity on the XRP Markets Team at Ripple. Coley has experienced the gender disparity in finance for her entire career leading her to co-found WAM: Women and Money. Women and Money was created as a non-profit to help women build their resiliency and skills related to money and to take control of their finances and reshape their financial future

3. Catherine Wood, CEO and CIO of Arc Investment Management

Catherine has over 40 years of experience in identifying and investing in innovation. She founded ARC to focus on disruptive innovation while also adding new dimensions to research. In 2018, Catherine launched Duddy Innovation Institute to offer learning opportunities to women eager to step outside the confines of traditional learning and influence a new way of learning. The Institute’s flagship course is Disruptive Innovation.

4. Linda Lacewell, Superintendent of the NYDFS

As the superintendent of the New York Department of Financial Services, Linda oversees the regulation of fintech entities including cryptocurrency exchanges. Linda is known for her efforts to advance the cryptocurrency and blockchain sector in the United States. Unlike the superintendents that came before her, Lacewell is prepared to work along the grain of crypto, rather than against it.

5. Amiti Uttarwar, Bitcoin Core Contributor

Amiti is the very first confirmed female Bitcoin developer determined to diversify the Bitcoin community. When Amiti began working as the first female Bitcoin developer in 2018, she quickly realized the gender and race imbalance in the space. Amiti has become internationally recognised not only for her technical ability but her dedication to building a better, more inclusive future for bitcoin.

6. Elizabeth Kukka, Executive Director of Ethereum Classic Labs

As the executive director of Ethereum Classic Labs, a Member of the Board of Advisors at Matrix Exchange and Principate at Digital Finance Group, Liz brings a vast array of financial knowledge to the table. At ECL Labs, Liz oversees the accelerator program for blockchain and cryptocurrency startups. She is passionate about addressing the issue of financial inclusion and believes blockchain technology can be used to solve this issue.

7. Christine Lomazzo, Blockchain Lead UNICEF

Christine is UNICEF’s Blockchain Lead, overseeing blockchain and cryptocurrency initiatives. Her team supports projects such as the UNICEF CryptoFund. She is also a public speaker and recently has been addressing the hype and hope of blockchain and the use of cryptocurrency for social good. Prior to joining UNICEF, Christina worked at Deloitte where she supported various levels of government in Canada who were exploring blockchain.

8. Laura Shin, Host of UnChained

Laura is a long-time journalist best known for her coverage of the cryptocurrency and blockchain space. After working as a senior editor at Forbes, Chin decided to pivot her focus launching the podcasts Unchained and Unconfirmed. Both podcasts focus on providing education and information on crypto-related issues and trends. In addition to her podcasts, Shin will be releasing a book about the history of cryptocurrency and it’s establishment as a recognized asset class. Shin has dedicated her career to educating others on the potentials and downfalls of cryptocurrency.

9. Meltem Demirors, Chief Strategy Officer at CoinShares

As the CSO at CoinShares, Meltem serves as a trusted partner and advisor to investors and entrepreneurs navigating the digital asset ecosystem. Meltem is also a founding member and co-chair of the World Economic Forum Cryptocurrency Council. She has been internationally recognized for her personal contributions to the industry and serves as an advocate for individuals struggling to navigate the space. Demiror highlights blockchain-driven women in her medium account leader series.

10. Kathleen Breitman, CEO of Dynamic Ledger Solutions

Kathleen is the CEO of Dynamic Ledger Solutions as well as the co-founder of Tezos. With years of experience under her belt related to smart contracts and decentralized application with on-chain governance, she has proven to be a powerhouse in the fintech field. As an avid public speaker, Kathleen uses her platform to share the potential of blockchain with anyone curious and interested in getting involved.


Empowering Women to Trade!

It is inspiring the see strong, innovative women trail blaze their way into the crypto and blockchain space. In honour of international women’s day, and to reduce the barriers women face when getting involved in trading, CoinField is giving away 10 FREE SOLO for new sign-ups until March 10th, 2021. They have also waived the minimum deposit policy.

Start trading today, it’s never been easier!

Go to www.CoinField.com to learn more!

Categories
News

Buy A Fraction of Tesla Stock And Trade it For Bitcoin

Have you ever wanted to buy shares in a company but realize you can’t even afford one share? That’s the unfortunate reality for a lot of people. Don’t worry though, that’s all about to change.

The Sologenic platform offers a revolutionary trading experience. Users can tokenize 40,000+ stocks, ETFs, and commodities from 30 global stock exchanges. Anybody can buy fractions of stock, tokenize real-world assets, and trade them with other people, 24/7. There are no middlemen, no brokerage fees, no wait times. Built on one of the fastest blockchain networks, Sologenic users can tokenize assets almost instantly, on a transparent, public ledger.

What is Tokenization?

Sologenic generates stablecoins backed 1:1 with real-world assets. Each stablecoin represents the ownership of real-world assets. Once tokenized, the asset issued on the blockchain is denominated with the suffix Ƨ, for example, a tokenized asset of Tesla stock (TSLA) is represented as TSLAƨ.

To tokenize something means to represent it digitally via a token. Anything in the world, tangible or intangible, can be tokenized. For example, a house can be tokenized. Say there is a person who wants to own some real estate but cannot afford a whole house. They could instead purchase part of a place, e.g., the living room or the driveway. Each part of the house would be worth something individually and represented digitally on the blockchain. The tokenized version would mean the real thing and be backed 1:1.

Another example would be a group of people who would like to put their money together to buy an art piece. Each person can contribute an amount, and their contributions will be represented digitally, as tokenized assets, on the blockchain.

Sologenic Benefits

Why should we tokenize assets? First, blockchain technology is transparent, which means that each transaction appears on a public, decentralized ledger where it cannot be tampered with by someone. There are three other main benefits of tokenization more practical and beneficial than traditional trading.

  1. Pool orders

Pool Orders are a unique trading feature of Sologenic. Pool Orders allow users to buy or sell fractions of shares. For example, Amazon is currently worth more than $3000 per share. If a user only has $100 to invest, they can use a Pool Order. Investing $100 would buy approximately 3% of a share of Amazon, or in other words, 0.03 Tokenized Amazon stock.

On the Sologenic Platform, a pie chart will show how many other users have contributed to the pool. Once there are enough contributions from users to purchase one share, the platform will execute the order, and the tokenized Amazon shares will be available in the user’s Sologenic account.

Pool Orders open up the doors to investing for anybody currently priced out of the market.

2. SOLO Cards

Sologenic users can spend their tokenized assets via SOLO Cards online and in-stores, wherever traditional credit cards are accepted. SOLO Cards come with varying benefits, such as monthly cashback. One of SOLO Cards’ significant advantages is that users can immediately spend their profits. With traditional brokerages, users would have to sell their assets and then transfer their money into their bank account, taking days to settle and involve large fees. With SOLO Cards, users can spend their money right away, without going through so many hoops to access their cash. SOLO Cards users can select which crypto or tokenized assets they’d like to spend, all in a few clicks.

3. 24/7 Trading

Using Sologenic’s Decentralized Exchange (DEX), users can trade tokenized assets for cryptocurrencies such as SOLO and XRP. The DEX is available for users to trade 24/7, even when traditional markets are closed. Unlike some other tokenizing platforms, Sologenic users will hold their wallets’ private keys, providing them complete ownership and authority over their assets. Users can safely store their tokenized assets in the decentralized SOLO Wallet app if they wish.

Who Can Use Sologenic?

Sologenic aims to make the stock market accessible to everyone through the tokenization of assets. There are billions of people in the world who cannot access global assets, such as low-income families, people whose finances are restricted, people who do not have access to learning tools about the stock market, and people who live in risky countries with geopolitical uncertainty. Another problem with the current financial market is that people must go through several hoops to trade on stock exchanges worldwide. For example, a person in Canada must go through multiple brokerages to invest in companies listed in China or Japan.

Seasoned investors and new traders can use Sologenic to tokenize assets. There could be several reasons why an investor would like to tokenize assets, such as:

  • Diversification
  • Dividend income stream
  • Capital appreciation
  • Hedging against other investments

Sologenic offers investors the opportunity to diversify their portfolios, as well as trade with other users all over the world with the decentralized exchange. Traditional brokerages do not provide users the ability to trade with others. Sologenic is therefore breaking down barriers and revolutionizing how we invest. Soon, Tesla stock won’t be out of reach for anybody.

Download the Sologenic App today to start trading!

Available on the Apple App Store and Google Play.

Categories
News

SovereignSky Co-Founders Talk About the First Space-Based Blockchain on SOLO TV

Timothy Burke and Stan Larimer are the Co-founders of SovereignSky. Tim and Stan will appear as guests on episode 7 of SOLO TV.

The First Space-Based Blockchain

SovereignSky is a company that has launched a satellite into space aboard SpaceX in partnership with SpaceQuest. It aims to add more satellites within the next 3–5 years to cover Africa, India, and South America.

Ending Poverty

SoverignSky distributes modems and smartphones preinstalled with an app called RUON, which connects to the satellites.

Anybody in the world can download the RUON app and scroll through profiles of orphanages, wildlife parks, and other communities in need. People can choose to donate to whoever they wish through the app and connect with donors through videos, images, and chats.

The donors receive the donated funds in the RUON cryptocurrency digital wallet, which can be spent instantly.

Subscribe to SOLO TV

SovereignSky aims to end world poverty by 2032! We’re excited to interview Tim and Stan on SOLO TV and find out more about the project.

Subscribe to SOLO TV now!

Categories
News

Watch DeFi x SOLO Full Event |Simulator Demo | Bob Ras Keynote

At Sologenic, we’re thrilled to have hosted DeFi x SOLO, the virtual event of the year! The event brought together key industry leaders to discuss all aspects of DeFi and blockchain technology.

We have uploaded the full event to SOLO TV, so if you missed it or would like to watch it again, you can!

Full Demo of the Tokenization Asset Simulator

At DeFi x SOLO, Sologenic launched the Tokenization Asset Simulator. Users can practice tokenizing stock from Nasdaq and NYSE and get a feel for the platform before launching the live version, which is coming soon. 
Sologenic is opening up the financial markets to everyone. Soon, users will be able to tokenize 40k+ assets, including stocks, ETFs, and commodities, from 30 global stock exchanges.

One of the most exciting parts about Sologenic is the introduction of Pool Orders. By contributing to a pool, you can buy fractions of stock. For example, if you want to buy just $1 worth of TSLA stock, you can! Fractional trading opens up the barriers to traditional financial markets and makes them accessible for everyone.

Learn more about how asset tokenization works in our demo.

Bob Ras Keynote

Sologenic’s Co-creator Bob Ras opened the DeFi x SOLO event with his keynote. Bob talked about asset tokenization, his thoughts on Sologenic, and he made an exciting announcement!

SOLONEX is a tokenization brokerage solution for financial institutions. Banks, brokerages, exchanges, and investment firms can offer their clients new and improved services using blockchain technology.

To hear more about SOLONEX, visit our website, or watch Bob Ras’s keynote below.

Reza Bashash Keynote

Sologenic’s Tokenization Asset Simulator is built on the XRP Ledger. Learn why we chose the XRPL over Ethereum, how the technology works, and much more in Reza Bashash’s keynote.

DeFi is a hot topic. To discuss it further, DeFi x SOLO hosted a panel discussion moderated by Charles Bovaird. Charles is a Senior Contributor for Forbes and is the Vice President of Content for Quantum Economics.

On the panel was Hans Koning, Chair of DigiByte Foundation, Carolyn Reckhow, Head of Business at Keep Network, Santiago Roel, Partner at ParaFi Capital, and Piers Ridyard, CEO of Radix.

The panel discussed DeFi through the lens of investors, examining both opportunities and pitfalls in the space.

Sign Up to Use the Simulator

You can sign up to use the Tokenization Asset Simulator right now!

Use your existing CoinField credentials to log in or create a new Sologenic account. Test accounts for the Simulator are available to everyone, including those in Canada and the USA. Sign up here.


Follow Sologenic on Twitter, and visit our website for more information.