Sologenic To Launch Its Own NFT Marketplace And Celebrate It With A $ 250 Million Airdrop

You will not believe how easy it will be to participate

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Looking to solve the high cost and slowness of transactions in the NFT market, the Sologenic Development Foundation appears, which seeks to develop a new NFT market in the XRP ledger, which benefits users with extremely low transaction costs.

The organization is made up of developers who are actively working on various open source projects and use cases around XRP and SOLO.

About two years ago, SOLO Core Team issued 400,000,000 SOLO tokens to be used in the Sologenic Ecosystem.

The idea is to mint, bid and trade NFTs on Sologenic’s existing DEX and to do this, while also engaging potential customers to participate in the ecosystem, 200,000,000 SOLOs were unlocked.

Airdrop for XRP hodlers

The cash price of said asset is $ 1.44, which makes this airdrop one of the largest that have been distributed in the space of cryptocurrencies.

It will come from the tokens that are currently locked into the SOLO Community Fund (SCF), and the SOLO Expansion Fund (SEF), which were designed to build and expand the SOLO community when the ecosystem was launched in early 2020. .

The graph will be active in the wallets on December 24 at 20:00 UTC.

The snapshot is scheduled to be taken on December 24, 2021 at 20:00 UTC from all XRP and / or SOLO wallets that have created a Trustline with Sologenic.

Users can simply hold their assets on centralized supporting exchanges, or create a Trustline directly from their own private wallets to claim the airdrops.

TrustLine is an XRP ledger feature that allows currencies other than XRP to be issued and transacted between accounts.

It also allows accounts to maintain a “limit” of the currency they wish to have.

Due to the very negligible cost of the transaction, about $ 0.000005, Sologenic’s DEX has gained a lot of popularity among the XRP and SOLO community for trading various crypto assets and even fiat through different gateways that issue stablecoins on the book. XRP major, such as Bitstamp and Gatehub.

Sologenic’s DEX has more than 10 million monthly visits and more than 350,000 transactions that go through the DEX on a weekly basis.

What is Sologenic DEX?

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Sologenic’s DEX is a decentralized trading platform that allows users to trade (peer-to-peer) various crypto assets and upcoming tokens, such as stocks and exchange-traded funds, while having custody of their private keys, providing excellent security.

Moreover, the DEX provides users with all the features that are available on a legal centralized exchange, while users can safely manage and have custody of their own assets.

The Sologenic DEX supports different wallet integrations such as SOLO Wallet, Ledger Devices, D’cent, XUMM, and more.

Notable features include: Fees as low as $ 0.000005, fully customizable, dynamic widgets in the trading terminal, professional charting tools, and live order books.

Entry barriers are also eliminated for a private, secure negotiation without control by any centralized entity.

Speed ​​to be highlighted

 Solagenic places particular emphasis on the speed of transactions, which last an average of 3 seconds.

In addition, support is offered for other wallets such as Ledger and XUMM, among others. This support is offered in several languages ​​such as English, Spanish, French and others.

In another vein, users will be able to coin and list their NFTs in the next Sologenic NFTs market by burning SOLO Tokens.

It will also be possible to submit an NFT using ONLY as payment through a bidding system. 100% of ONLY tokens collected as fees will be burned instantly.

“The SOLO core team is feeling the excitement within the crypto community for the launch of the upcoming NFT market on Sologenic’s DEX and we believe this new market will solve current barriers and issues such as the extremely high cost of the transaction and the slow networks to coin, bid or market NFT ”, says Reza Bashash, technical director of Sologenic Development Foundation.

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.

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This post is also available in: Español (Spanish) Русский (Russian)

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