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Sologenic Prime: Grants Program for Innovative NFT Projects and Artists on the XRPL

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As the Sologenic ecosystem continues to grow under great quality standards, new programs arise to address community pinpoints and make the marketplace a great platform for innovative projects to thrive.The Sologenic Prime Program aims to bring talented artists and NFT projects with a solid vision in front of millions of users online. Apply and get the exposure you deserve!https://forms.gle/ivqvJEZXbWQ6TY4h6- Join the SOLO Community – Telegram: https://t.me/SOLOGENICxGoSOLO Twitter: https://twitter.com/realSologenic Discord: https://discord.gg/hwUhpnGtGC

As the marketplace continues to expand, Sologenic announced the launch of a program set to provide grants and marketing support for outstanding NFT projects.

DUBAI, United Arab Emirates, May 04, 2022 (GLOBE NEWSWIRE) — Sologenic Development Foundation

In an effort to support new talented artists and innovative NFT projects, the Sologenic team announced the launch of Sologenic Prime – A program to feature select original collections on the marketplace and provide artists with powerful tools for community building.

Amidst the exponential rise in popularity of NFTs, artists new to the space face multiple pain points such as a high-cost entry barrier and an oversaturated market that does not necessarily favour innovation and originality. It is often the case when original projects with outstanding artistic contour and great utility struggle to break through the noise and reach like-minded peers online.

Sologenic aims to disrupt the entry barrier to NFT Marketplaces by addressing the disproportionate dynamic between quality and online popularity. By providing talented artists and innovative projects the opportunity to get the exposure they deserve, the team strives to continue growing a community-aligned ecosystem.

In addition to marketing support, the program will provide artists and creators with a grant in order for them to cover production costs and grow their projects accordingly. In that sense, Sologenic Prime is part of an assortment of initiatives that empower the community and make Sologenic a diverse, scalable and dynamic marketplace.

In order to participate, artists are required to submit a portfolio and some basic information. The NFT team expressed that the selection criteria will be mainly based on originality and craft, as well as considering the utility and overall value each project potentially would bring to the community. The selection process will also aim for a balance between art categories to showcase a diversified marketplace.

Moreover, the Sologenic team is constantly launching opportunities and incentives for projects to scale the ecosystem, such as the upcoming IDO Launchpad. Additionally, the team is always open to receiving partnership proposals that bring value to the ecosystem.

About Sologenic

Sologenic is disrupting the asset trading industry by offering: Tokenized Securities, Crypto Assets and NFTs in a decentralized ecosystem. The Sologenic Development Foundation is formed by independent developers who maintain, build and expand the Sologenic ecosystem.

Vladyslav Ankvin

Marketing Team

press@sologenic.org

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/e96908dd-ca1e-40c4-9806-6a227a1dedc9

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Sologenic Partners with Allbridge for a Cross-Chain Bridge Between the XRPL and BSC for SOLO

A partnership between Allbridge and Sologenic allows the flow of SOLO tokens into the BNB Chain and unlocks limitless DeFi opportunities.

Following a series of upgrades and new components being implemented to the Sologenic ecosystem, a cross-chain bridge has been integrated between the XRP Ledger and the BNB Chain for the flow of SOLO — Sologenic’s ecosystem token through a partnership with Allbridge.

In late Jan 2022, the Sologenic and Binance teams agreed upon the issuance of SOLO tokens on the BSC networks allowing all XRP holders on the Binance exchange to receive their SOLO airdrops on the platform. The new cross-chain bridge integration will enable SOLO holders on Binance to move their assets from BSC directly to the XRP Ledger. In addition, it will unlock limitless DeFi opportunities such as Lending, Borrowing, Staking, and Token Swaps for the SOLO holders.

The partnership sets the path for bridging more popular assets to the XRPL by connecting it to a large variety of EVM and non-EVM compatible chains, such as Solana, Terra, Protocol, Fantom, and more. Along with the integration, Allbridge is implementing the support of the SOLO Wallet for the convenience of SOLO DEX users.

Visit Sologenic to interact with the ecosystem and use the Allbridge platform to transfer SOLO between networks.

Cross-Chain bridge between XRPL and other Blockchains

On Jan 26th, 2022, Ripple announced a strategic partnership with the Allbridge, a cross-chain bridge with more than $500 million in total value locked, in order to support token swap between the XRP Ledger and multiple other blockchains. Considering the Sologenic DEX is the most popular decentralized exchange on the XRPL, the SOLO team was connected with Allbridge to work on the integration of these new assets onto the trading DEX.

Upon integration, users will be able to swap digital assets between the XRPL and other popular blockchains such as Ethereum, Avalanche, Solana, Terra, Polygon, Fantom, BNB Chain, Celo, Aurora, Harmony, NEAR Protocol, and Fuse.

Consult the following guides to learn how to transfer SOLO to XRPL and back.

About Sologenic

Sologenic is disrupting the asset trading industry by offering: Tokenized Securities, Crypto Assets and NFT’s in a decentralized ecosystem. The Sologenic Development Foundation is formed by independent developers who maintain, build and expand the Sologenic ecosystem.

Website | Twitter | Telegram | Discord | Youtube | Linkedin

About Allbridge

Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains that aims to cover L2 solutions and NFT transfers in the future.

Allbridge’s mission is to make the blockchain world borderless by providing a tool to freely move assets between various blockchains.

Website | Twitter | Telegram | Medium | Reddit | Discord

Vladyslav Ankvin
Sologenic Development Foundation
Contact: press@sologenic.org

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Sologenic Set to Release New Components: XRP Ledger Cross-chain Bridge, Fiat Ramp and IDO Lanch-pad

As Sologenic strives to continue growing as the most significant ecosystem ever built on the XRPL, a batch of new components and upgrades have been announced for this year’s Q2

DUBAI, United Arab Emirates, April 08, 2022 (GLOBE NEWSWIRE) — The Sologenic Development Foundation has announced the addition of some new key components to the existing DEX. The new additions will play a crucial role in the growth of both; Sologenic, and XRP Ledger ecosystems by unlocking its full potential and bringing new assets from the other blockchains to the Sologenic decentralized exchange as the most popular XRPL DEX.

Cross-Chain bridge between XRPL and other blockchains

On Jan 26th, 2022, Ripple announced a strategic partnership with the Allbridge, a cross-chain bridge with more than $500 million in total value locked, in order to support token swap between the XRP Ledger and multiple other blockchains. Considering the Sologenic DEX is the most popular decentralized exchange on the XRPL, the SOLO team was connected with Allbridge to work on the integration of these new assets onto the trading DEX.

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Upon integration, users will be able to swap digital assets between the XRPL and other popular blockchains such as Ethereum, Avalanche, Solana, Terra, Polygon, Fantom, Binance Smart Chain, Celo, Aurora, Harmony, and stablecoins such as USDT, USDC and TUSD. Both teams are currently working on the integration and have estimated the bridge to be available for the public by late May 2022.

Fiat On and Off-Ramps

One of the major obstacles that decentralized ecosystems face is the ability to have “Fiat” on and off-ramps. To tackle this issue, the SOLO team is providing the ramps through multiple partnerships that allow the ecosystem to remain fully decentralized.

For the on-ramping, Sologenic has partnered with BANXA to be in charge of KYC/Operations and Customer Support, allowing the purchase of tokens directly on the DEX using Mastercard, Visa, and Apple Pay, as well as other commonly used payment options eradicating the entry barrier to start trading and minting on the ecosystem.

Launch-pad & Token Issuance

Another new component that was announced by the team was an IDO Launchpad to be implemented on the SOLO DEX providing a unique opportunity for start-ups to raise funds and launch their innovative projects. In the aim of making the process seamless, projects will be able to issue tokens directly on the XRP Ledger following a few steps and providing some detailed information such as a white paper, team background, tokenomics, as well as a roadmap that may incentivize investors to fund the project.

Market Index

Considering the fast-paced growth of the XRPL and the Cross-Chain Bridge introduced by Sologenic to bring crypto assets from the other blockchains, there is a lack of data curation around projects thriving in the ecosystem. The Sologenic team aims to provide an accurate market index with real-time metrics, and pricing of all XRPL Tokens as it will be directly connected to the SOLO DEX.

This index will act as the CoinMarketCap of the XRP Ledger. Tokens will be ranked based on market cap, volume, and community trust. The SOLO Index will be the most trustable price-tracking index for all XRPL Tokens within the ecosystem.

NFT XLS-20D Swap

The Sologenic NFT Marketplace was launched in early March this year with great reception from the community bringing no Gas-fees, fast transactions and no commissions for the minting and trading of NFTs on a fully decentralised ecosystem. As Ripple prepares for the release of the XLS-20D methodology on the mainnet set to bring native support for NFTs on the Ledger, the SOLO Team has already developed a swap to efficiently migrate from the current XLS-14D/SOLO to the new standard of XLS-20D.

This new standard will unlock many new features such as the distribution of royalties without the need of smart contracts which truly benefits artists and creators.

About Sologenic

Sologenic is disrupting the asset trading industry by offering: Tokenized Securities, Crypto Assets and NFT’s in a decentralized ecosystem. The Sologenic Development Foundation is formed by independent developers who maintain, build and expand the Sologenic ecosystem.

CONTACT: Favio Velarde Marketing Team press@sologenic.org
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Sologenic (SOLO) Airdrop Ratio for XRP and SOLO holders — Official Report

We’re thrilled with the amount of participation and exchange support for the Sologenic (SOLO) airdrop. Almost 340,000 Trustlines were established to the Sologenic’s gateway on the XRPL and more than 28 top centralized exchanges have supported the airdrop.

The snapshot was successfully completed at block number “68552402” at 8:00:01 pm UTC on December 24th, 2021 according to the schedule announced.

The Compliance team at Sologenic has reviewed the top 1000 wallet addresses with the most $XRP holdings to ensure that the $SOLO Airdrop goes to the actual $XRP holders.

After our team’s review, we’ve found out that some wallet addresses are believed to be owned by certain exchanges that did not announce the Airdrop support; however, they’ve created a trustline to claim the Airdrop. As a result, we’re glad to inform you that we’ve excluded the following wallet addresses from the Airdrop:

This will bring us to the following final XRP and SOLO holdings that successfully participated in the $SOLO Airdrop:

Total XRP holdings participated: 22,439,948,543.12233

Total SOLO holdings participated: 80,512,388.19228289

The final Airdrop ratios are as follows:

0.004456338205 SOLO per each XRP participated

1.2420448858 SOLO per each SOLO participated

The formulas used to calculate the airdrop ratio are as follow:

XRP Airdrop Amount:

(200,000,000 ÷ 2) ÷ 22,439,948,543.12233 0.004456338205 SOLO per each XRP Holding

SOLO Airdrop Amount:

(200,000,000 ÷ 2) ÷ 80,512,388.19228289 = 1.2420448858 SOLO per each SOLO Holding

When will the SOLO Airdrop be distributed?

The $SOLO airdrop distribution will start on Jan 20th, 2022 at 8:00 PM UTC. We will unlock the 200M SOLO and the system will process the transfers.

If you hold your XRP and/or SOLO assets on decentralized wallets, please allow some time for the deposits to appear on your wallets.

If you hold your XRP and/or SOLO assets on a centralized exchange, please get in touch with your exchange after Jan 20th to make sure the airdrop will be distributed by the exchanges in a timely manner.

What if you held your XRP in a private wallet?

You will need to make sure that you have the following trustline set to receive your airdrop.

Please note that if you had bought SOLO through DEX, you will still need to create a trustline to be able to receive your SOLO when distribution starts.

Sologenic Gateway Trustline info:

currency: 534F4C4F00000000000000000000000000000000
issuer: rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz
limit: 400000000

What if you held your XRP on Binance?

If you held your XRP on Binance at the time of the snapshot, you will receive your SOLO airdrop in your Binance.com account. Please note that the SOLO in Binance will initially be withdrawable to the Binance Smart Chain. The SOLO team is creating a wrapped SOLO using the BEP20 standard on BSC which allows users to trade SOLO on the Binance DEX as well as be able to use SOLO in DeFi applications. More info about SOLO and Binance Smart Chain to be announced soon.