Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading. Read our risk summary for qualifying crypto assets.
About Sologenic (SOLO)
Sologenic describes itself as a "sophisticated ecosystem" built atop of the XRP ledger.
It facilitates investing and trading among blockchain assets (cryptos) and non-blockchain assets, such as stocks and commodities futures.
SOLO is the Sologenic ecosystem’s native token. It’s used for market making and liquidity provisioning, according to Messari.
Take Tesla stock, in a given example, per the Sologenic white paper; in this example, TSLA would be presented on the platform as a tokenized stablecoin ("TSLAƨ"). These stablecoins are thus tradable and redeemable against XRP.
"SOLO creates a dynamic bridge between crypto assets and non-blockchain-based assets," Messari said.
Sologenic as of December 2021 was set to airdrop $1 billion of SOLO to XRP holders, it said.
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