Sologenic

Sologenic (solo)

Since its inception in April 2018, CoinField Exchange has embarked on a relentless journey of expansion, quickly establishing a global presence across all continents. In this comprehensive exposition, CoinField unveils the intricate workings of the Sologenic ecosystem—an ambitious endeavor to construct a cutting-edge, rapid, and highly secure platform. The platform’s primary mission is to empower billions of individuals to tokenize a diverse array of non-blockchain-based assets, including stocks and ETFs from over 25 prominent global stock exchanges. These tokenized assets can then be seamlessly traded against cryptocurrencies on a user-friendly platform.

At the heart of the Sologenic ecosystem lies the innovative use of SOLO coins for market-making and liquidity provision. SOLO coins, along with the subsequent stablecoins, are issued on the XRP Ledger, a technological marvel that facilitates near-instantaneous liquidity transfers. This dynamic synergy between crypto assets and non-blockchain-based assets involves pairing these assets directly with fiat currencies, serving as collateral for transactions with third-party brokerage firms.

The versatility of SOLO coins is underscored by their availability on various trading platforms, including CoinField’s existing Centralized Exchange, the upcoming XRPL Decentralized Exchange (DEX), and several other major global crypto exchanges. SOLO coin holders enjoy unique privileges, including the utilization of SOLO Cards for converting their assets into a global currency for purchasing goods and services worldwide. Furthermore, they are eligible for participation in the Liquidity Provider Reward Program (LPRP) within the Sologenic ecosystem.

Sologenic stands as one of the most ambitious projects ever conceived on the XRP Ledger, with a profound commitment to driving the mass adoption of the XRP blockchain on a global scale.

The Sologenic Ecosystem: Tokenize, Trade, Earn & Spend

Sologenic introduces a sophisticated ecosystem that seamlessly accommodates users in investment, trading, and on-demand tokenization of a wide spectrum of assets. These encompass stocks, ETFs, and fiat currencies, all of which are tokenized and operational on the XRP Ledger. Through this innovation, a tokenized stablecoin representing assets such as TSLA stock or USD fiat is transmuted into a tradable format (TSLA or USD). These stablecoins can be exchanged and redeemed against XRP and SOLO on both CoinField Exchange and the XRPL DEX.

Within the Sologenic ecosystem, there exist two principal types of coins:

  1. SOLO Coins: Utility tokens with planned listings on leading global crypto exchanges commencing in Q1 2020.
  2. Tokenized Assets: Securities-backed stablecoins collateralized by fiat or stocks. These are exclusively available for trading on CoinField due to the imperative need for securities brokerage licenses.

Key Business Components

The Sologenic ecosystem encompasses several key components, each contributing to its robust functionality and user-centric design:

  • On-demand tokenization
  • Trading of non-blockchain assets
  • Staking rewards
  • Cryptocurrency cards
  • Community participation

In conclusion, CoinField’s Sologenic ecosystem presents a groundbreaking amalgamation of traditional financial markets and the blockchain realm. It serves as a testament to the evolution of the cryptocurrency landscape, promising to revolutionize the way individuals interact with and invest in a diverse array of assets, all while leveraging the power of blockchain technology.

 

sologenic whitepaper