TALLINN, ESTONIA, DECEMBER 14, 2021 (GLOBE NEWSWIRE) – On November 11, 2021, the Sologenic Development Foundation announced its decision to develop a new, completely decentralized NFT marketplace on the XRP ledger, in order to benefit users with extremely low transaction costs for minting, bidding, and trading. NFTs on the current DEX Sologenic.
In order to engage the community in participating in the proposed ecosystem and governance facilities, there is an amount 200 m solo It will be opened as part of an airdrop to XRP and/or SOLO holders around the world. At the time of this press release, SOLO’s spot price is 4.27 USD This makes Airdrop one of the largest ever deployed in the crypto space.
This airdrop will be obtained from tokens that are currently locked into the SOLO Community Fund (SCF), a SOLO Expansion Fund (SEF) that was designed to build and expand the SOLO community when the ecosystem was launched in early 2020.
the glimpse To be taken on December 24, 2021 at 20:00 UTC from all XRP and/or SOLO wallets that have established Trustline with Sologenic oracle. Users can simply hold their assets on centralized exchanges that support airdrops or Create Trustline directly from their own wallet to claim it.
With a low transaction cost of around $0.00005, Sologenic DEX has gained a lot of popularity among the XRP and SOLO community for trading various crypto assets and even fiat through various portals that issue stablecoins on the XRP ledger such as Bitstamp and Gatehub. At the time of this press release, Sologenic DEX has over 20 million page views and 1.5 million transactions per month.
the Sologenic DEX It is an advanced decentralized trading platform that allows users to trade (peer-to-peer) various upcoming cryptocurrencies and token assets such as stocks and ETFs while fully keeping their private keys, ensuring maximum security and trust within the ecosystem.
SOLO to mint and list NFTs in the upcoming Sologenic NFT Market
The new Sologenic NFT marketplace offers unique functionality to mint and stamp multiple NFTs under a single transaction fee on the XRP ledger, breaking the barrier that other markets face for new creators with extremely high gas fees.
This new marketplace will allow users to easily create NFTs under 8 different categories including Animation, Music and Sports Collectibles, with a very user friendly and elegant user interface to accommodate both creators and collectors.
“Given the current user interaction on Sologenic DEX, the level of excitement within the SOLO community and the need for a fast and cost-effective NFT marketplace in the industry, I believe this new decentralized NFT marketplace will be a game changer for both creators and collectors.”– bob head – Co-founder and creator of the Sologenic Development Foundation.
About Sologenic Development Foundation
The Sologenic Development Foundation aka The SOLO Core Team is an independent community of developers who are passionate about making the Sologenic ecosystem successful. It consists of developers who are actively working on various open source projects and use cases around XRP as well as SOLO.