Since its launch in April 2018, CoinField Exchange has been growing daily and has expanded its operations rapidly across all continents around the globe.
In this paper, CoinField reveals full details of the Sologenic ecosystem that strives to build a modern, fast, and secure platform to enable billions of people to tokenize different non-blockchain based assets such as stoc ks and ETFs from over 25 different global stock exchanges and trade them against cryptocurrencies in a straightforward platform.
Sologenic deploys SOLO coins for market-making and liquidity providing. SOLO coins and subsequent stablecoins are issued on the XRP Ledger allowing liquidity to be moved almost instantly. This creates a dynamic bridge between crypto assets and non-blockchain-based assets by being paired directly with fiat as a collateral to settle with third-party brokerage firms.
1 SOLO coins are available for trading on the CoinField’s existing Centralized Exchange, CoinField’s upcoming XRPL Decentralized Exchange (DEX), and other major global crypto exchanges. SOLO holders can take advantage of the SOLO Cards to convert their assets towards purchases of goods/services globally and are eligible for Liquidity Provider Reward Program (LPRP) run within the Sologenic ecosystem.
Sologenic is the most ambitious project ever built on top of XRP Ledger supporting the mass adoption of XRP blockchain globally
Sologenic Ecosystem
Tokenize, Trade, Earn & Spend
Sologenic is introducing a sophisticated ecosystem that facilitates users with investing, trading, and on-demand tokenization of assets such as stocks, ETFs, and fiat on top of the XRP Ledger. A tokenized stablecoin of TSLA stock or USD fiat is presented as TSLA or USD, respectively. These stablecoins are tradable and redeemable against XRP and SOLO on both CoinField exchange & XRPL DEX.
There are two types of coin available within Sologenic ecosystem:
- SOLO Coins: Utility Tokens which will be listed on global crypto exchanges starting Q1 2020
- Tokenized Assets: Securities Stablecoins backed by Fiat or Stocks which are only available to trade on CoinField due to required securities brokerage licenses
Key Business
On-demand Tokenization ◆ Trade Non-Blockchain Assets Staking Rewards ◆ Cryptocurrency Cards ◆ Community Participation
Sologenic Whitepaper
