Sologenic

Sologenic SOLO

$0.8758
Market Cap $ 175.166 MM (#78)
24h Volume $ 4.256 MM
Chg. 24h: -2.18%
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Sologenic project purpose and description

Sologenic clarity of purpose

Sologenic purpose and aspects

Sologenic deploys SOLO coins for market-making and liquidity providing. SOLO coins are issued on the XRP Ledger allowing liquidity to be moved almost instantly. This creates a dynamic bridge between Crypto assets and non-blockchain-based assets by being paired directly with fiat to settle with third-party brokerage firms.

Sologenic categories

InvestmentsMarketplaceReal world assets

Short description

Sologenic is a sophisticated ecosystem that facilitates investing and trading of on-demand tokenized assets, including Stocks and ETFs from 25+ global exchanges on top of the XRP Ledger.

Abstract

Since its launch in April 2018, Coin Field Exchange has been growing daily and has expanded its operations rapidly across all continents around the globe. In this paper, CoinField reveals full details of the Sologenic ecosystem that strives to build a modern, fast, and secure platform to enable billions of people to tokenize different non-blockchain based assets such as stocks a nd ETFs from over 25 different global stockexchanges and trade them against cryptocurrencies in a straightforward platform. Sologenic deploys SOLO coins for market-making and liquidity providing. SOLO coins and subsequent stablecoins are issued on the XRP Ledger allowing liquidity to be moved almost instantly. This creates a dynamic bridge between cryptoassets and non-blockchain-based assets by being paired directly with fiat as a collateral to settle with third-party brokerage firms. SOLO coins are available for trading on the CoinField’s existing Centralized Exchange,CoinField’s upcoming XRPL Decentralized Exchange (DEX), and other major global cryptoexchanges. SOLO holders can take advantage of the SOLO Cards to convert their assets towards purchases of goods/services globally and are eligible for Liquidity Provider Reward Program (LPRP) run within the Sologenic ecosystem. Sologenic is the most ambitious project ever built on top of XRP Ledger supporting themass adoption of XRP blockchain globally.

Link to Roadmap: https://www.sologenic.com/#roadmap
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