Coins Wiki: $SOLO (Sologenic)

Token name

Metaverse

Ticker

SOLO

Website

https://sologenic.org/ 

Network

Sologenic is an XRP blockchain-based.

Summary of Token

SOLO, also known as Sologenic, is a cryptocurrency that was launched in 2019. It is a native token of the Sologenic ecosystem.

Overview of Token

Classified as a utility token, 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 as a collateral to settle with third-party brokerage firms. SOLO coins are available for trading on the XRPL DEX and other major global crypto exchanges. 

Advisors & Partners

Banxa, Allbridge,  Keyrock, GSR, Fireblocks, Simplex, to mention some.

Circulating Supply

399,947,699

Contract Address

rfpYHS1P7NGALmf4BhiNffXCcj96zJCore

Max Supply

400,000,000 

Blockchain

XRP

Year in-corporated

2019

Governance Token

XRP

Token Use Cases

SOLO, the native token of the Sologenic ecosystem, functions as a cornerstone for tokenization, trading and settling assets. Not only does it enhance liquidity and curtail transactional costs for users, but it also plays a pivotal role as the "Gas" for any tokenization of assets. This means that any operation related to the creation or exchange of digital assets within the ecosystem components requires SOLO, further underlining its importance. Additionally, SOLO token holders are endowed with governance rights, granting them the ability to influence platform developments, making SOLO a multifaceted asset that combines practicality with authority.