Category: News

Sologenic is a product of CoinField. The main goal of CoinField is to become the most influential blockchain-based company in the world by facilitating the mass adoption of cryptocurrency through Sologenic, an ecosystem built on the XRP Ledger. SOLO users can invest, trade, and tokenize assets such as 30,000 stocks and ETFs from over 25 different global stock exchanges. Our mission is to modernize the traditional functions of financial markets and open up the global market to everyone, no matter how much money they have, no matter where they live in the world.

The Problem with Traditional Financial Markets

Firstly, physical money cannot be used online, and sending fiat currencies from one country to another is slow and expensive. With cryptocurrency, moving money around the world happens almost instantly for a fraction of the cost.

A major problem with the current financial market is that people must go through several hoops to trade on stock exchanges around the world. For example, a person in Canada must go through multiple brokerages in order to invest in companies listed in China or Japan. Additionally, it’s often required for an investor to have a certain amount of capital or be accredited in order to directly invest in foreign markets. The current system inhibits people with small amounts of capital from acquiring global assets.

There are billions of people in the world who are unable to access global assets

These people can range from low-income families and people whose finances are restricted, to people who do not have access to learning tools about the stock market, and people who live in risky countries with geopolitical uncertainty. Traditional firms are uninterested in serving people with low capital, effectively disallowing most of the world from buying stocks and investing in the market. It is largely an unfair system, which Sologenic aims to transform.

Tokenizing Assets

Sologenic aims to transform the traditional financial market by tokenizing assets. This means each digital token will represent an ownership stake in the asset. What’s more, trading on the stock exchange with SOLO means users can buy fractions of shares. They will no longer have to buy one whole share of a company in order to own a part of it, meaning just about anyone can own stocks in companies of their choice without the need for a certain amount of capital.

Trading assets on blockchain technology will ensure transparency and remove third parties from the process. It means people, everybody, not just high net worth individuals, can access global markets on a decentralized exchange and have direct control of their investments. Tokenization of assets opens up the global economy to people who under the current system, cannot access it.

Trading assets will happen in real-time, offering fast, secure and transparent transactions. By building the Sologenic ecosystem on the XRP Ledger, it allows Sologenic to focus on functionalities rather than underlying technology. The XRP Ledger offers a significant advantage in its speed. For example, a bitcoin transaction could take 10 minutes or even hours, but XRP sends transactions in 4–5 seconds. Therefore, Sologenic users will be able to trade almost instantly.

Burn commitment

Sologenic has a 100% burn commitment. What this means is that transaction fees generated through transfers and decentralized trading will be “burned” instantly by being sent to the gateway’s issuing address (also called a black hole). This is done to bring down the total supply of SOLO coins which in turn makes remaining SOLO coins more valuable. This practice makes an equilibrium that in the long term makes it impossible for the SOLO coins to deplete due to higher valuation of coins and lower supply.

SOLO Coins

To facilitate buying stocks with crypto, Sologenic deploys SOLO Coins. These provide liquidity, bridging the gap between crypto assets and non-blockchain-based assets. SOLO Coins are paired directly with fiat currencies as collateral to settle with third-party brokerage firms, allowing liquidity to be moved in seconds.

SOLO holders will also be able to convert their assets to purchases of everyday goods and services with the use of SOLO Cards, which act like regular credit cards, enabling users to spend their crypto instantly anywhere in the world. Utility bills, shopping, and ATM withdrawals can all be made with SOLO Cards, encouraging the mass-adoption of cryptocurrency. It would be empowering for people all over the world to use crypto cards for everyday spending, taking power away from big banks, back to themselves.

Buy SOLO Now

Sologenic IEO Public Sale is happening now, and it ends on February 25 19.00 CET. The public sale is available globally except in the USA and Canada. There is no invite required for this and in order to participate, users must have a funded CoinField Pro account. From there, users can make fiat or crypto deposits into their wallets. The decentralized SOLO Wallet app is available to download from the App Store and from Google Play. Sologenic is in the process of finalizing the launch of its new products and services such as crypto cards, decentralized exchange, and trading.

Sign up here for a CoinField Pro account

The Future

Imagine a world where people have complete control of their own money and assets, where they no longer have to go through third parties or wait days for transactions to complete while paying exorbitant fees in the process. A world where no matter where you live, or what your income is, you can trade on global stock exchanges. A world where people no longer have to trust banks and governments with their money. That’s the dream. That’s the goal that Sologenic is working towards.

For more detailed information about the Sologenic ecosystem, please refer to the white paper.

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We are pleased to announce the launch of the SOLO Savings Program (SSP).

SSP is an exclusive program for SOLO holders who would like to stake and lock their SOLO for a period of time to receive daily SOLO rewards.

How is the SSP Funded?

Funded by the SOLO Expansion Fund (SEF), the SSP fund’s purpose is to grow the Sologenic ecosystem directly, increase its global reach, and help to increase the value of the SOLO coin in the long term to protect all the initial HODLers. This fund goes towards the marketing and promotional activities for the Sologenic ecosystem, such as listing fees for SOLO on global exchanges, summits, gatherings, and worldwide marketing campaigns explicitly promoting the Sologenic ecosystem and SOLO coins as well as community Airdrops.

The SEF wallet has a total of 60M SOLO, which is equal to 15% of the total supply of Sologenic. The SOLO core team has decided to assign a small portion of this fund to create the SOLO Savings Program, to help the market price stability.

What is the SOLO Savings Program (SSP)?

The SSP is a community airdrop program exclusive to the SOLO community. Loyal SOLO HODLers who stake and lock their SOLO holdings for a set period receive rewards. The rewards are distributed daily and range from 6% to 20% per annum year.

What’s the size of the rewards pool for SSP?

SSP is a limited-time program with a maximum of 2% of SEF holdings, equal to 1.2M SOLO. Once this amount is completely distributed, the program continuity will be evaluated and may be suspended.

What are the rewards percentage & Lock-up time?

Depending on the programs, the rewards range from 6% to 20% per annum year, and the rewards are distributed on a daily basis. The reward calculation is simple interest, not compound interest. For example, If a user enrolled in a two-year program with 100,000 SOLO, she/he will be rewarded a total of 40,000 SOLO for two years.

What are the Available Programs?

Who is Eligible?

Anyone who holds a minimum of 100 SOLO in their wallets has a CoinField Pro account and has passed KYC & AML to enroll in the SSP. This program is not available to the residents, citizens, or legal entities of the US and Canada.

Sign up for a CoinField Pro account and enroll now at CoinField.com

To celebrate the launch of Sologenic’s official global Telegram groups, we hosted our first AMA and invited the Sologenic community to ask questions.

The AMA was a huge success, and we received 600 questions within two minutes! In case you missed it, here are the questions that co-founder Reza Bashash answered.

What are the Advantages of SOLO compared to other Crypto assets? What are the benefits for SOLO Holders?

SOLO is built on the XRP Ledger, which means settlements are blazingly fast. The financial industry needs fast and secure Blockchains, and that’s why we chose the XRP Ledger, designed for business purposes. Other benefits of SOLO include rewards, SOLO Cards, Staking, and other upcoming products.

How Effective Will PayID be for SOLO? What about the speed and security of transactions?

We will utilize PayID for SOLO to make it easier for users to transfer funds across exchanges. PayID works for most centralized exchanges, but we have plans in mind to have PayID for the SOLO Wallet, which is decentralized.

Staking & Mining is very popular nowadays as an incentive. Is there a Sologenic staking program? If so, what makes Sologenic staking and mining different compared to its competitors and what are the conditions for following it?

Staking is very important for ecosystems, such as Sologenic. We have dedicated funds from the Sologenic Expansion Fund (SEF) for the Sologenic Savings Program (SSP). At the end of this month, we will launch this program. Details of the program will be announced when the product goes live.

What does Tokenizing an asset mean? What are the benefits of it & why would one want to convert rights to their assets into digital tokens?

Tokenizing assets are an essential part of the modern economy. Tokenization is already happening in the non-blockchain world. Think of it this way, when you deposit “physical” cash into your bank account and use them in your credit card, and it has tokenized your assets. This way, you can use your card anywhere at any time.

Tokenizing assets on the Blockchain has the same concept. You can trade your assets at your will in the Decentralized Exchange. You can transfer your assets at any time. You can spend your assets without having to go through a brokerage firm and, in some cases waiting days for your money to arrive. Tokenizing = Modernizing the Economy.

How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?

We plan to translate our websites/apps and other content into different languages. Telegram communities for different languages are already here. In addition to our English group, we have groups for French speakers, Vietnam, Indonesia, India, the Philippines, and Africa.

Total supply of SOLO token is 400,000,000. That’s a huge number of tokens. Will you conduct token burning in the future to reduce the supply of SOLO token and increase its investment attractiveness?

SOLO tokens use a deflationary mechanism to reduce the total supply. Each time a transaction is sent, some of the SOLOs in the tx are burnt. Eventually, there will be an equilibrium where the total supply will be more limited. As supply becomes more scarce, Demand increases. SOLO is needed for settlements with the outside world.

Most of the DEX platforms are not easy to use and require a high level of technical know-how. How will XPRL DEX make DEX platforms become user friendly and easy to use for traders?

We are designing a state-of-the-art UI and an interface for the XRPL DEX for people to be able to trade their tokenized assets. After all, adoption is the key, and we know it. I promise that you will see no other DEX client like the one we are working on 🙂 I am sure sneak peeks will leak out before the launch.

There are some common issues in today’s technology: scalability, adaptability and interoperability, speed, and privacy. How will Sologenic tackle these problems?

XRP Ledger.

Sologenic is Built on the XRP Ledger. Could you explain why you chose XRP Ledger for your Platform? Is there any main reason behind using XRP Ledger? How does XRP Ledger help you more than any other Blockchain platforms?

XRP Ledger is built for these. We are also contributing to the Ledger code to make it better over time.

I have a question about the nice PayID integration. Will it be possible to customize our CoinField PayID addresses? Would it even be possible? If yes would you plan to do it?

Yes, we are working on it.

What positive effect will the SOLO Cards have on the community?

The fact that you can spend your assets at any time and anywhere! Merchants have been accepting credit cards for many years, and they already built this infrastructure. We will utilize this massive network and will make it possible for users to spend their digital assets in real-time. Imagine if you hold common stock and decide you need to buy a car after a good ROI. BAM! No need to sell it in a brokerage firm, transfer the money and go through all the hassle. You can do it in real-time. Think of other possible scenarios!

Future AMAs

If you would like to participate in future AMAs and be in with a chance of winning SOLO, please join our Telegram group.

Sologenic and its Co-Founders Reza Bashash and Bob Ras can be found on Twitter. For more information about the Sologenic ecosystem, visit its website.

Sologenic’s mission is to become the most influential blockchain-based project in the world by bridging the gap between non-blockchain assets and crypto-assets. It aims to facilitate the mass adoption of cryptocurrency by giving everyone in the world more straightforward access to traditional financial markets.

We answer some of your questions about Sologenic below.

1. How is SOLO different to other tokens?

SOLO is the only crypto that can be converted to other asset classes. When users execute “BUY” orders between Crypto assets and non-blockchain assets such as stocks, the system will save the crypto assets to SOLO first and then convert to non-blockchain assets. There will be no additional cost or trading fees for the conversion. SOLO is playing an essential role within the ecosystem since all settlements are by SOLO only. On the DEX, users will be able to trade these assets against both XRP & SOLO.

2. How will users tokenize assets?

SOLO holders will be able to tokenize assets from 30 global exchanges in Asia, North America, and Europe. The three asset classes traded on Sologenic are stocks, ETFs, and commodities. It means you can tokenize stock in your favorite companies such as TESLA. Some of the top stock exchanges that SOLO users can tokenize assets from including the New York Stock Exchange, NASDAQ, London Stock Exchange, Hong Kong Stock Exchange, and many more.

Sologenic stablecoins are backed by the real-world assets 1:1. The price of the tokenized stock will fluctuate during the market hours according to the amount of the represented stock on Sologenic. When these tokenized assets get traded on XRP DEX, the price is determined by the market supply and demand rule. There might be some cases when a specific tokenized stock trades at a higher or lower price after hours on the XRP DEX.

We are working on a program that allows SOLO HODLers to have access to FREE trading of tokenized assets when they maintain a certain amount of SOLO in their wallets.

Towards the end of summer, the platform that enables the tokenization of assets will go live as soon as FSA issues the MiFID II investment firm license. We will also launch a demo platform, where users can practice trading and tokenizing of assets without real money. We’re very excited about the rest of 2020!

3. What are the benefits/advantages of tokenizing assets?

Traditional financial markets are becoming obsolete! It’s time to modernize it. That’s why DeFi is so hot right now, and Sologenic aims to fill this gap by providing modern tools to users and institutions. There are many, many, many benefits to the tokenization of these types of assets on the Blockchain. Not to mention geographical borders are removed from this system. Anywhere in the world will have access to any financial instrument or market. Another great benefit is the ability to buy infractions rather than the whole stock. I won’t remind you about other advantages of the Blockchain, such as transparency, decentralization, speed, etc.

4. How will dividends be paid?

Dividends are portions of company earnings that are paid to investors and are key metrics as to which stocks investors decide to invest in. Sologenic pays dividends to tokenized assets holders in real-time as they happen. At any point in time, Sologenic can scan and find addresses that hold tokenized assets for an underlying asset and deposit the dividends or fractions of dividends (depending on the user’s holding) into their account, whether assets are in self custody or Sologenic accounts.

5. Does Sologenic offer staking rewards?

SOLO holders can voluntarily participate in the Liquidity Provider Reward Program (LPRP), and receive rewards of up to 20% annually. There are multiple time-based programs, with both weekly or monthly participation models. Some of these programs come with flexible withdrawal terms, whereas others come with a fixed time-based deposit model. There is a daily reward payout mechanism for flexible programs and a time-based payout for fixed-term reward programs. Sologenic sources the financial resources for these reward programs through the trading fees generated.

In addition to that, Sologenic introduced a new program called the Sologenic Savings Program “SSP”.

SSP’ is a community airdrop program exclusively available to the SOLO community. The SSP offers daily rewards to loyal SOLO HODLers who stake and lock their SOLO holdings for a period of time by enrolling in one of the available time-based programs. The rewards are distributed on a daily basis into the same wallet address of the users who participate in this program. The program is being launched in partnership with CoinField Exchange.

6. Do you have functions such as buyback and burning to regulate the demand and supply of SOLO?

100% of the transaction fees generated through transfers and decentralized trading will be burned instantly by being sent to the gateway’s issuing address (Blackhole). The system practices this deflationary mechanism to bring down the total supply of SOLO coins, which makes remaining SOLO coins more valuable. This practice makes an equilibrium that, in the long term, makes it impossible for the SOLO coins to deplete due to higher valuation of coins and lower supply.

7. What’s the relationship between Sologenic and CoinField?

Sologenic is backed and launched by the CoinField exchange. CoinField is a European based centralized crypto-to-fiat exchange & virtual currency wallet system supervised by the Financial Intelligence Unit (FIU) under license numbers FVR001049 & FRK000941. CoinField adheres to the requirements under the Proceeds of Crime (Money Laundering and Terrorist Financing Prevention Act (MLTFPA).

8. Will SOLO enter the gaming industry?

Maybe! Future opportunities are limitless!

9. Adoption is one of the important factors that all sustainable blockchain projects should focus on to be more attractive in the investors’ eyes. What are Sologenic’s plans to achieve real-world adoption?

While everyone talks about the mass adoption of cryptocurrency globally, we have not seen any big step to make that happen. Considering the massive market cap and daily trading volume of Stocks, ETFs & Commodities, I believe the key is to merge these financial markets with Crypto. That will bring a considerable amount to the Crypto markets, which is precisely what Sologenic is aiming for.

10. How has Covid-19 affected Sologenic?

We have deadlines, and we have to follow the dates on our roadmap. The whole team is pushing it very hard and putting in maximum effort. I see sometimes team members work 15–16 hours a day.

COVID-19 had some impact on some of the tasks which involve the physical appearance of the team, but we have overcome that. I think everyone needs to get used to the current situation. It is what it is, and the business cannot be stopped, however, one of the main benefits and goals of cryptocurrency is to sustain such situations. The Sologenic Ecosystem can do this. Imagine a day when people are only investing and trading with cryptocurrency as the only reliable system!

11. How do you plan to spread awareness about your project in different countries where English is not spoken well?

We will establish strategic partnerships in different markets to expand our reach globally. One of the main focuses is to encourage more institutional investors to participate, and we are building partnerships with various entities in different countries.

In regards to SOLO itself, we are continually working with global crypto exchanges to list SOLO, so that people in all corners of the world can buy and trade it. The Sologenic team also attends blockchain events around the world to speak about, and introduce people to, the ecosystem.

We will also be launching several global Telegram groups to engage with communities in different languages.

12. What’s next for Sologenic?

Sologenic has lots lined up for this year. In June, the SOLO Cards will launch. Right after that, the decentralized exchange will go live. Towards the end of summer, the platform that enables the tokenization of assets will go live as soon as FSA issues the MiFID II investment firm license. We will also launch a demo platform, where users can practice trading and tokenizing of assets without real money. We’re very excited about the rest of 2020! Visit our roadmap to learn more.

13. Are you planning to try and get many partnerships as Ripple does?

Certainly! We look at the partnership as one of the primary keys to expand and grow our reach. We will continuously look for new opportunities to establish a strategic connection with other entities in different markets. We recently announced two partnerships with XUMM & XRP TOOLS KITS. Now, users can sign transactions, trade assets on the DEX, and in further stages, execute orders and trade directly using LEDGER devices.

To learn more about the Sologenic ecosystem, please visit its website.

Sologenic’s token SOLO is now available to trade on European crypto exchange HitBTC. The trading pair available is SOLO/USDT. This partnership is part of Sologenic’s strategy to enable trading of SOLO on crypto exchanges around the world.

“We believe that today’s announcement will help to greatly increase the number of SOLO users around the world as we are partnering up with one of the most popular and transparent exchanges — HitBTC .”

Bob Ras, Sologenic Co-Creator

Sologenic Securities Trading

Sologenic has revealed the full list of securities exchanges where SOLO holders will soon be able to trade tokenized assets including stocks, ETFs and commodities. The 30 global exchanges include the New York Stock Exchange, Hong Kong Stock Exchange, and London Stock Exchange. The currency symbol for Sologenic token is “ƨ”.

Assets Tokenization is a revolutionary new process, where real-world assets become digital tokens that can circulate securely and transparently on the blockchain. By switching to a tokenized system, investors can liquefy real-world assets while retaining the characteristics of the asset.

Currently, in development for a Q2 and Q3 launch, the SOLO core team plans to release several essential products including Sologenic DEX and SOLO cards, which will allow holders to spend digital assets instantly worldwide.

Trade SOLO on HitBTC

In a statement, Peter Swen from HitBTC’s marketing team said, “We always welcome the opportunity to onboard assets that can both enrich the trading experience on our platform and contribute unique value to the digital asset sector. Sologenic has that potential so we are pleased to be able to bring it into the fold here.”

HitBTC users can start trading SOLO now. For more information about the Sologenic ecosystem, visit Sologenic’s website.

A Historic Crypto Exchange

HitBTC is a historic crypto exchange founded in 2013. It officially launched in 2014 with trading pairs: BTC/USD, BTC/EUR, BTC/LTC USD/EUR. Today, the exchange boasts more than 800 pairs including BTC/USD, BTC/EUR, LTC/USD, LTC/EUR, LTC/BTC, DOGE/BTC, XMR/BTC, BCN/BTC, and NXT/BTC. This makes HitBTC one of the top exchanges where users can trade the most popular, as well as the most obscure, coins.

HitBTC has offices around the world and users in 200+ countries. The most active traders reside in Brazil, Germany, UK, Turkey, Russia, and India. The exchange is also actively developing its reach in the markets of China, South Korea, and Latin America, making it a truly global crypto exchange.

Do you believe in the Sologenic project? We are seeking influencers to help us achieve our goal of becoming the most influential blockchain company in the world.

Sologenic is a project backed by CoinField. It aims to facilitate the mass adoption of cryptocurrency by creating an ecosystem, built on the XRP Ledger. Users can invest, trade, and tokenize assets such as 30,000 stocks and ETFs from over 25 different global stock exchanges.

If you or your company can help spread the word about Sologenic, then we want to hear from you! We are looking to work with influencers who can boost the online presence of Sologenic, create brand awareness, and help us transform the world’s financial markets.

What’s Coming Next for Sologenic

Sologenic has some important dates coming up, such as our Initial Exchange Offering (IEO) Public Sale from February 18–25 2020, our live trading, and release of our SOLO Crypto Cards later in the year. We want to increase our brand awareness and encourage people to use SOLO! For us to do this, we want to work with people who can help generate buzz in the cryptocurrency worldwide.

We are looking to partner with individuals or companies who have a dedicated online following. Through YouTube or other social channels, we’re looking for influencers to make videos about Sologenic’s products, offer reviews, give social media mentions, write online articles, or provide different ways to help increase our online presence. We always compensate for our influencers and believe in a fair and equal partnership.

How to Apply

If you would like to apply to become a Sologenic influencer, then please complete our form and submit it to us for review. We will look at all applications and get back to you.

We want to thank everyone for their continued support of Sologenic. Together we can revolutionize the world.

#GoSOLO

APPLY HERE

Sologenic was created by Bob Ras, CEO of CoinField, and Reza Bashash, CTO of CoinField. It is a decentralized ecosystem built on top of the XRP Ledger and allows users to tokenize stocks and assets from 30+ global exchanges. Sologenic’s native token, SOLO, is currently tradable on CoinField’s exchange.

Sologenic is committed to building the infrastructure required for the large-scale adoption of cryptocurrencies and that’s why community is important. The more developers there are to work on projects, the further the expansion of the crypto community and the mainstream use of cryptocurrencies.

Sologenic Developer Program

Sologenic has launched an open-source Developer Bounty Program to incentivize developers and the community. The initiative has been so far a success and many libraries have been developed through the Open Source Community. The list of bounties and work to be done is available on Github and the bounties, which range from 100–10,000 SOLO, are funded by the SOLO Community Fund (SCF).

Developers around the world are encouraged to join the Sologenic Developer Program to help create exciting new projects on the XRP Ledger. These projects will allow developers to refine their skills while taking on technological challenges and being a part of the Sologenic community.

Projects in Development

Sologenic’s developers and the developer community work on a suite of open-source software development toolkits that make it possible to seamlessly integrate the process of transferring tokenized assets and SOLO coins to and from XRP addresses.

Some of the more prominent projects developed by the community are:

Sologenic XRPL-Stream-js

This is a library that provides a streaming interface to the XRP Ledger (XRPL). It allows users to communicate and submit transactions to the XRP Ledger seamlessly and reliably.

The two types of users who would benefit from this project are:

• Users that make large-volume transactions who want to be notified along the way that their transactions are processed and delivered reliably.
• Users who do not want to deal with transaction dispatching, validations, and errors on the XRPL.

View Project

Sologenic Application Programming Interface (API)

This is a library which provides a JSON based API to be used by exchanges for fast and easy SOLO currency integration. The library is for those who would prefer not to have to integrate with the XRPL through web sockets or gRPC. This library provides an easy interface for an end-user to perform basic interactions against the XRPL currently, such as getting their account balances, details of a transaction, or submission of a transaction.

View Project

The Developer Program Community Manager, Russell McConnachie, would like to see more developers take part in these projects.

“I would really like to see more activity (for) this project, including that the community defines and creates their own use cases, which in result would allow them to earn additional SOLO bounties.”

Russell McConnachie

XRP Ledger Validator Bonus Program

Sologenic also has a bounty program for those who launch their own XRPL Validators. This program will provide funds to 10 qualified developers or businesses to launch an XRP Validator. To qualify, applicants must be verifiable developers or businesses who support XRP and be able to commit to run the validators for 12 months. The SCF will pay developers for six months of server costs to the maximum of $1500 USD in SOLO.

CoinField CTO, Reza Bashash, believes in building a foundation in order for crypto to gain mainstream usage.

“While everybody is expecting the mass-adoption of crypto to happen overnight, here at Sologenic we believe in a path. A path that is built by developers, enthusiasts, and those who are making the blockchain technology move forward.

A great product needs a great community and talented developers. That’s why we are asking those who dream like us to join forces and build a better financial ecosystem around the blockchain while getting incentivized.”

Reza Bashash

To find out more about Sologenic, visit the project’s website.

Developers can apply to take part in the Sologenic Developer Program by clicking the button below and filling out the form.

Apply Now

We believe that today’s announcement will help to greatly increase the trading volume of SOLO as we are partnering up with one of the most popular and transparent exchanges — HitBTC,” said Bob Ras, Co-Creator of Sologenic

TALLINN, Estonia, April 08, 2020 (GLOBE NEWSWIRE) — European-based crypto exchange CoinField announced the listing of Sologenic (SOLO) token on a leading cryptocurrency exchange HitBTC. The listing is part of a long-term strategy by the SOLO Business Development team to offer SOLO tokens on a large number of top cryptocurrency exchanges around the globe.

Trading on HitBTC commenced on Tuesday, April 7, 2020. Sologenic trades under the trading symbol of “SOLO,” and this new listing will include the trading pair of SOLO/USDT. In a statement, Peter Swen from HitBTC’s marketing team said, “We always welcome the opportunity to onboard assets that can both enrich the trading experience on our platform and contribute unique value to the digital asset sector. Sologenic has that potential, so we are pleased to be able to bring it into the fold here.”

“We believe that today’s announcement will help to greatly increase the trading volume of SOLO as we are partnering up with one of the most popular and transparent exchanges — HitBTC,” said Bob Ras, Co-Creator of Sologenic.

The Sologenic infrastructure connects traditional financial systems with blockchain-based assets and enables cryptocurrency trades against any asset class. In addition to rapidly growing options through decentralized exchanges, SOLO holders will also soon be able to tokenize and trade over 40,000 assets on-demand, such as stocks, ETFs, and commodities from 30 traditional global exchanges.

About Sologenic:
Sologenic is a sophisticated ecosystem built on top of the XRP ledger. It facilitates investing and trading between crypto and non-blockchain assets such as stocks, ETFs, and commodities from top 30+ global stock exchanges. Learn more on https://www.sologenic.com

About CoinField:
CoinField is a regulated European based fiat-to-crypto exchange supervised by the Financial Intelligence Unit (FIU) under the license numbers FVR001049 & FRK000941.

About HitBTC:
HitBTC is a crypto exchange with over 800 trading pairs. The platform was created in 2013 and provides exchange, custodial, and other related services. Despite its long tenure in the crypto space, HitBTC has remained one of the few exchanges whose security has never been compromised. HitBTC offers a range of APIs such as REST, WebSocket and FIX API. The exchange’s UI was developed to meet the needs of the most demanding and sophisticated traders.

Press & Media Inquiries
Darren Amner, [email protected]
778–945–0222

TALLINN, Estonia, April 02, 2020 (GLOBE NEWSWIRE) — European-based crypto exchange CoinField announced the full list of 30 global stock and securities exchanges for Sologenic. This sophisticated ecosystem connects traditional financial markets with crypto assets.

Sologenic facilitates users with investing, trading, and on-demand tokenization of over 40,000 traditional assets such as stocks, ETFs, and commodities on an advanced and modern blockchain designed for the financial industry. Users will be able to tokenize assets from the following exchanges:

NASDAQ
New York Stock Exchange & NYSE MKT
Toronto Stock Exchange
TSX Venture Exchange
Athens Exchange
BME Spanish Exchanges
Deutsche Borse (XETRA)
Irish Stock Exchange
Johannesburg Stock Exchange
London Stock Exchange & IOB
Milan Stock Exchange
NASDAQ OMX Copenhagen, Helsinki and Stockholm
NYSE Euronext Amsterdam AEX, Brussels, Lisbon and Paris
Oslo Stock Exchange
Prague Stock Exchange
SIX Swiss Exchange
Wiener Borse / Vienna Stock Exchange
Warsaw Stock Exchange
Australian Securities Exchange
Hong Kong Exchanges
HK Stock Connect
Singapore Exchange
Tokyo Stock Exchange

“What makes Sologenic a game changer is “On-demand Tokenization,” where traders have access to a wide range of securities offered by the top global stock exchanges. Traders can tokenize any assets in real-time and then trade them against cryptocurrencies or other tokenized assets. I believe it’s time for the traditional financial markets to be disrupted and take advantage of existing blockchain technology,” said Bob Ras, the Co-creator of Sologenic.

Assets Tokenization is a revolutionary new process, where real-world assets become digital tokens that can circulate securely and transparently on the blockchain. By switching to a tokenized system, investors can liquefy real-world assets while retaining the characteristics of the asset.

The Sologenic ecosystem generates stablecoins backed 1:1 with real-world assets on the XRP ledger. Each stablecoin represents the ownership of real-world assets. Once tokenized, the asset issued on the blockchain is denominated with the suffix of “ƨ,” for example, a tokenized asset of TSLA stock is represented as TSLAƨ. Users can store and take custody of these tokenized assets on private online or offline wallets securely without requiring any third party to keep the private keys.

Currently, in development for a Q2 and Q3 launch, the SOLO core team plans to release several essential products including Sologenic DEX and SOLO cards, which will allow holders to spend digital assets instantly worldwide.

Press & Media Inquiries
Darren Amner, [email protected]

TALLINN, Estonia, March 26, 2020 (GLOBE NEWSWIRE) — The first group of global crypto exchanges to list Sologenic’s token SOLO has been announced.

For the last few months, the SOLO Business Development team has strived to have SOLO listed on various global exchanges outside of CoinField. After a comprehensive research process, which spanned the globe, the strategy and aim were to list SOLO on exchanges worldwide, so users from every corner of the world can trade SOLO.

The SOLO core team is pleased to announce that SOLO will be available to trade live on the following exchanges: HitBTC, BitForex, Bilaxy, Tokenz.net, CoinTiger, CoinsBit, Probit, WhiteBit, and SistemKoin.

“The strategy to list SOLO on other exchanges has been split into two phases. In phase one, the first step was to get SOLO listed on multiple exchanges internationally so users from different countries can have access to trade SOLO. The business development team is currently working towards additional onboarding of new exchanges next week. The main focus in the second phase will be on major 10 top global exchanges.” Said Bob Ras, Co-Creator of Sologenic.

On Monday, March 30, for the next 14 days, Sologenic’s Twitter page will reveal daily the SOLO trading pairs available on each exchange.

The Sologenic team is forward-thinking and has formed strategies to develop and introduce new products and services to revolutionize the traditional financial markets. Currently, in development for a Q2 and Q3 launch, the core team plans to release SOLO cards in May as well as the Sologenic DEX and the Sologenic Securities Trading Platform. This platform, built on top of the XRP ledger, aims to connect the global financial markets with crypto. Users will be able to tokenize and trade over 40,000 assets on-demand, such as stocks, ETFs, and commodities, and securely trade them against any crypto assets.

New exchanges can contact [email protected] for integration.

About Sologenic:

Sologenic is a sophisticated ecosystem built on top of the XRP ledger. It facilitates investing and trading between crypto and non-blockchain assets such as stocks, ETFs, and commodities from top 30+ global stock exchanges. Learn more on https://www.sologenic.com

About CoinField:

CoinField is a regulated European based fiat-to-crypto exchange supervised by the Financial Intelligence Unit (FIU) under the license numbers FVR001049 & FRK000941.

Press & Media Inquiries
Darren Amner, [email protected]