Sologenic
Sologenic is an ecosystem built on the XRP Ledger allowing users to trade tokenized assets with any crypto assets.
The Sologenic ecosystem will enable billions of people to tokenize different non-blockchain-based assets such as stocks and ETFs from 30+ global exchanges, and trade them against cryptocurrencies on a single platform.
Contents
History and Leadership
Bob Ras and Reza Bashash are the co-creators of Sologenic.
Goals
Built on the XRP Ledger (XRPL), the Sologenic ecosystem allows trading and investing of 30,000 tokenized stocks and ETFs from 30+ global exchanges.[1] It will enable people all around the world to buy and sell stock in their favorite companies with SOLO, without the need for traditional brokerages.
Upcoming Services
Decentralized XRPL Exchange
The exchange, built on the XRP Ledger, enables users to trade tokenized assets for SOLO or XRP.
Products
SOLO Wallet app
On 5th February 2020, Sologenic launched its decentralized SOLO Wallet app for SOLO, XRP, and tokenized assets.[2] The app is available to download on the App Store and Google Play.[3]
Regulations
Regulations prevent Sologenic from operating in the USA and Canada.
Sologenic Community
Sologenic is a community-focused project, founded on the belief that cryptocurrency is used in any way imaginable, by anyone in the world. The Sologenic supporters all share this belief, when participating in Sologenic’s programs and community funds.[4]
SOLO Community Fund (SCF)
Sologenic is committed to building the infrastructure required for the large-scale adoption of cryptocurrencies. The SCF’s purpose is to help the blockchain and cryptocurrency ecosystem grow.[5] The fund is used to develop decentralized community-based projects, community events and emergency situations. The first initiative funded by the SCF is Sologenic’s XRP Bounty Program.[6]
References
- ↑ Alex Dovbnya,"Ripple's XRP Ledger to Facilitate "Ultra-Fast" Trading of Traditional Stocks and ETFs". u.today. 15 October 2019. https://u.today/ipples-xrp-ledger-to-facilitate-ultra-fast-trading-of-traditional-stocks-and-etfs. Retrieved 25 February 2020.
- ↑ "Sologenic Launches First Decentralized Wallet App for SOLO, XRP and Tokenized Stocks". globenewswire.com. 6 February 2020. https://www.globenewswire.com/news-release/2020/02/06/1981442/0/en/Sologenic-Launches-First-Decentralized-Wallet-App-for-SOLO-XRP-and-Tokenized-Stocks.html. Retrieved 25 February 2020.
- ↑ "Sologenic Launches First Decentralized Wallet App For Solo, Xrp And Tokenized Stocks". cbj.ca. 6 February 2020. https://www.cbj.ca/sologenic-launches-first-decentralized-wallet-app-for-solo-xrp-and-tokenized-stocks/. Retrieved 25 February 2020.
- ↑ JP Buntinx,"What is SoloGenic?". nulltx.com. 15 October 2019. https://nulltx.com/what-is-sologenic/. Retrieved 25 February 2020.
- ↑ JP Buntinx,"Sologenic Wants to add 10 XRP Validators to the Ripple Network Through a Bounty Program". themerkle.com. 12 February 2020. https://themerkle.com/sologenic-wants-to-add-10-xrp-validators-to-the-ripple-network-through-a-bounty-program/. Retrieved 25 February 2020.
- ↑ "Sologenic Offers New Bounty Program to Launch XRP Validators". bloomberg.com. 10 February 2020. https://www.bloomberg.com/press-releases/2020-02-10/sologenic-offers-new-bounty-program-to-launch-xrp-validators. Retrieved 25 February 2020.