Introduction
The Sologenic Development Foundation has unveiled plans to launch an innovative NFT marketplace on the XRP Ledger, offering ultra-low transaction costs for minting, bidding, and trading NFTs. Alongside this development, SOLO will airdrop over $250 million worth of tokens to XRP and SOLO holders globally.
Key Announcements
1. NFT Marketplace Launch
- Built on the XRP Ledger, leveraging its low transaction fees (~$0.000005 per transaction).
- Integrated with the existing Sologenic DEX, enabling seamless trading of NFTs alongside crypto and tokenized assets.
2. $250M SOLO Airdrop
- 200,000,000 SOLO tokens (valued at $1.44 per token at press time) will be distributed.
- Snapshot date: December 24, 2021 (20:00 UTC).
- Eligibility: Hold XRP or SOLO in wallets/exchanges with a Sologenic Trustline.
Benefits of the Sologenic Ecosystem
✅ Ultra-Low Cost NFT Trading
- Mint, list, and trade NFTs with minimal fees, addressing high-cost barriers on other platforms.
✅ SOLO Token Utility
- Minting NFTs: Burn SOLO to create/list NFTs.
- Featured Listings: Bid SOLO to highlight NFTs (100% of fees burned).
✅ Sologenic DEX Features
- Transaction Finality: ~3 seconds.
- Multi-Wallet Support: SOLO Wallet, Ledger, XUMM, and more.
- Professional Tools: Live order books, 1-minute candles, customizable widgets.
Industry Impact
"This NFT marketplace solves critical pain points like exorbitant fees and slow networks, democratizing access to digital ownership."
— Reza Bashash, Tech Lead, Sologenic Development Foundation
Sologenic DEX Metrics:
- 10M+ monthly page views.
- 350K+ weekly transactions.
FAQs
Q1: How do I qualify for the SOLO airdrop?
A: Hold XRP or SOLO in a wallet/exchange with a Sologenic Trustline by December 24, 2021.
Q2: What makes Sologenic’s NFT marketplace unique?
A: Near-zero transaction costs and integration with the XRP Ledger’s fast settlement.
Q3: How are SOLO tokens used in the NFT marketplace?
A: SOLO is burned for minting/featuring NFTs, reducing supply and increasing scarcity.
About Sologenic
- Sologenic.org: Developer community driving the ecosystem (400M SOLO tokens issued).
- Sologenic.com: Manticore Securities AS, pursuing MiFID II licensing for tokenized securities.
👉 Learn more about Sologenic’s vision
For media inquiries:
John Silver
Marketing Team, Sologenic Development Foundation
[email protected]
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