xrp crypto news

Almost 50% of XRP Circulating Supply

Sologenic Set to Airdrop $1 Billion to XRP Holders with the
Written by publisher team

TALLINN, Estonia, Jan. 08, 2022 (The Globe Newswire) – The Sologenic The team reported a great deal of engagement and exchange of support for nearly all of the airdrops 340,000 Trustlines Created for the Sologenic portal on the XRP Ledger, and more 30 Top Central Stock Exchange Support it including, Binance, Okex, Houbi, Bithumb, Upbit, Bybit, Bitpanda, Uphold and more.

Snapshot completed successfully at block number “68552402” 8:00:01 PM UTC on December 24, 2021 according to the announced schedule.

according to official report, the total collectibles that successfully participated in SOLO Airdrop were 22,439,948,543.12 XRP and 80,512,388.19228289 single. Given that the total circulating supply of XRP is 45,577,198,013, the holdings involved correspond to nearly half of the circulating supply of XRP.

As the demand for XRP started with the popularity of SOLO Airdrop, some high-volume transactions were discovered by Whale Parser, including the 449.3M XRP On December 19 in two separate transactions by one entity.

The Airdrop Ratio was calculated by dividing the 200m airdrop supply into two; Half for XRP holders, and one for SOLO holders, then divide each amount by the total holdings that participated in each token. This formula provided a ratio 0.004456338205 Solo Per XRP Holding, and 1.2420448858 Solo Per SOLO Holding Company.

Distribution will start on Jan 20 2022 at 8:00 PM UTC With 200m solo it is opened and moved by the system. XRP and SOLO holders in decentralized wallets will have to allow some time for deposits to appear. For central holders of stock exchanges, distribution is expected to begin after January 20.

With the huge exchange support on SOLO Airdrop, the Sologenic team revealed that it is still in contact with those exchanges, and several new tokens, to list the SOLO token during the first quarter of 2022.

About Sologenic
The Sologenic Development Corporation is an independent community of developers who are passionate about making the Sologenic ecosystem successful. It consists of developers who are actively working on many open source projects and use cases around SOLO.

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Favio Velardi
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