Sologenic (SOLO)is an ecosystem that aims to facilitate the process of a low-cost, on-demand, and secure tokenization of non-blockchain assets on the XRP Ledger. Tokenization involves the creation of digital tokens on a distributed ledger or blockchain, which represent either physical or digital assets. The tokenized assets are tradable against SOLO (Sologenic’s native coin) and XRP. The XRP Ledger is a cryptographic ledger that is decentralized and powered by peer-to-peer network servers. The Sologenic ecosystem seeks to bridge blockchain and other asset classes such as stocks and ETFs. The platform envisions having the key businesses of on-demand tokenization, trading non-blockchain assets, staking rewards, cryptocurrency cards, and community participation.

According to the Sologenic whitepaper, there are several challenges in the traditional asset trading industry:

As a solution to the problems mentioned above, the Sologenic ecosystem aims to reduce the friction, complexity, and cost of traditional trading and transfer of assets by creating a simple, fast, and secure infrastructure.  

Sologenic seeks to apply blockchain benefits and features to existing financial instruments. To achieve this, Sologenic has components such as a decentralized exchange module, a blockchain module, a tokenization module, and an order fulfillment module. These components are classified into two systems, decentralized exchange (DEX) and asset tokenization platform (ATP).Sologenic’s ATP combines various open-source and in-house developed technologies to achieve a secure, robust, and advanced architecture to ensure maximum security and uptime. The Sologenic DEX is an open-source gateway to the native decentralized exchange on the XRP Ledger. The Sologenic DEX allows customers to connect their wallets and trade their tokenized assets with other customers in real time, peer-to-peer.

The Sologenic ecosystem has two types of tokens:

Bob Ras and Reza Bashash are the founders of Sologenic (Manticore Securities AS). Bob Ras is the CEO and has established ventures within the manufacturing, tech, and marketing industries. Reza Bashash is the CTO and is an experienced engineer with over 10 years of experience working in the artificial intelligence and fintech sectors.

The total max supply of SOLO is 400,000,000.

The SOLO HODLers (crypto investors) are rewarded by staking SOLO into SOLO Savings Program (SSP). Sologenic has SOLO Expansion Fund (SEF) with the purpose of the ecosystem’s growth, increasing the global reach, and increasing the value of the SOLO coin to protect all the initial HODLers. The platform aims to assign a small portion of this fund to create SSP to help the market price stability. 

We update our Sologenic to GBP currency in real-time. Get the live price of Sologenic on Coinbase.

The current market cap of Sologenic is £2.141M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Sologenic is £4.00. This all-time high is highest price paid for Sologenic since it was launched.

Over the last 24 hours, the trading volume of Sologenic is £247.371.

Assets that have a similar market cap to Sologenic include Neiro Solana (neirobropump.com), QoWatt, Agoric, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Sologenic is 153 million.