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Highlights
- Sologenic is a protocol designed to revolutionize the asset trading industry.
- Since the past few days, the SOLO crypto has been rising and it jumped about 23 per cent in a week.
- Sologenic is built on top of the XRP Ledger and it allows users to get access to investing and trading between crypto and non-crypto assets.
The price of Sologenic (SOLO) crypto was up 8.4 per cent over the previous day and trading at US$ 0.3873 per token at the time of drafting this article.
Since the past few days, the SOLO crypto has been rising and according to CoinGecko data, the virtual currency jumped about 23 per cent in a week.
What is Sologenic?
It is a protocol designed to revolutionize the asset trading industry which includes non-fungible tokens (NFTs), crypto assets, and tokenized securities.
Sologenic comprises- Sologenic.com and Sologenic.org. The former is for the expansion of the protocol's decentralized ecosystem and the latter is working to launch the use-case of Sologenic ecosystem- tokenization of securities.
Sologenic has features like the Sologenic decentralized exchange (DEX), a solowallet for trading, and SOLONEx, which is a tokenization brokerage solution for financial institutions.
According to the official website, Sologenic is built on top of the XRP Ledger and it allows users to get access to investing and trading between crypto and non-crypto assets like commodities, stocks, and exchange-traded funds (ETFs).
Also Read: Why is DGB crypto skyrocketing? All you must know about DigiByte
The Sologenic DEX gets two million views and more than 250,000 transactions per week, according to CoinMarketCap data.
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Bottom line
On December 21, 2021, the Sologenic Development Foundation revealed details of an upcoming blockchain network called Coreum, an open-source project run by the community.
To engage with the community, Coreum said it would conduct an airdrop equal to 20 per cent of the total supply of CORE cryptocurrency, which is 100 million.
It appears that people are looking up for the SOLO crypto airdrop, however, the airdrop is happening for the CORE crypto. On April 1, Coreum shared a report for the fourth CORE Airdrop Ratio for SOLO holders.
The distribution of CORE Airdrop for February 2022 starts on April 4 at 7:30 PM UTC. At 9:30 AM EST, the one-day volume of SOLO crypto was up 35 per cent to US$ 4.7 million and its market cap was US$ 77.9 million.
Also Read: What is Celo crypto and why is its price skyrocketing?
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