What is SOLO? Sologenic Tokenize SOLO coins
What is SOLO?
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. The ecosystem aims to eliminate entry barriers for individual and institutional crypto investors, allowing them to trade non-blockchain asset classes, such as stock, ETFs, and commodities, with one single cryptocurrency – SOLO. To put it simply, the coins will enable people all around the world to buy and sell stock in their favorite companies with SOLO, without the need for traditional brokerages.
There are two types of tokens available within the Sologenic ecosystem:
- SOLO: A utility token which is available to trade on the global crypto exchanges.
- Tokenized Assets: Securities Stablecoins backed by Stocks, ETFs or Commodities which are only available to trade on Sologenic Trading Platform due to required securities brokerage licenses.
100% of the transaction fees generated through transfers and decentralized trading will be burned instantly by being sent to the gateway’s issuing address (Black hole). The system practices this deflationary mechanism 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.
Tokenize Assets On-Demand
Sologenic is a sophisticated ecosystem built on top of the XRP ledger network utilizing the on-demand tokenization of a wide range of assets from traditional financial markets. This ecosystem facilitates investing and trading between crypto and non-blockchain assets such as stocks, ETFs, and commodities from the top 30+ global stock exchanges.
Single Account, Limitless Opportunities
Gain access to both traditional financial markets and crypto markets by completing the KYC & AML onboarding procedure on CoinField. Convert your existing account and connect your CoinField wallets to start trading on the Sologenic platform in one simple click.
Tokenize a Wide Range of Assets On-Demand
Monitor over 30 global stock exchanges all in one platform and get a live price quote, tokenize your preferred assets on-demand, and trade during the market hours.
SOLO Decentralized Wallet
Your Keys, Your Tokenized Assets
Store your tokenized assets, SOLO and XRP all in one decentralized wallet app. The Decentralized SOLO Wallet allows users to add, activate, and manage multiple wallets, hold, and transfer digital assets from a single wallet address, receive live market price updates, track recent transactions, and much more.