![]() Last week, we announced plans to launch an NFT marketplace platform to the existing Sologenic DEX. SOLO for minting, listing, and featuring NFTs on the upcoming Sologenic NFT marketplace Sologenic NFT Marketplace We will announce how the voting process will be conducted in the upcoming posts. Not only does this bring more value to the SOLO Token, but also more value to the projects on the XRPL and the community. Community Voting Mechanismįor the above-mentioned reason, the team is proposing a voting mechanism using SOLO for all the listings and default pairs. This process is not really beneficial for the community and we think the engagement and the power of DEX should really be decentralized too. ![]() At the time of writing this post, the DEX has over 2,000,000 views per week and an average of 150,000 transactions going through the Sologenic DEX on a weekly basis.Ĭurrently, the developers behind the Sologenic DEX, decide about which pairs to list on the DEX UI. Sologenic DEX is one of the most popular DEX gateways to the XRP Ledger. With the popularity of the Sologenic applications on top of the XRP Ledger, the SOLO Core Team along with the feedback from the community has decided to increase the uses cases of the SOLO Tokens, and as such is proposing: SOLO as a utility token on the Sologenic XRPL DEX The team has been building some of the greatest tools that work with the XRP Ledger such as the Sologenic DEX, SOLO Wallet, and the upcoming NFT marketplace. The SOLO Core Team, on the other hand, is actively looking to expand the use cases of SOLO as well as increase community engagement. More information can be found on Sologenic Ecosystem Expansion The potential this brings to the ecosystem is something we think can revolutionize the future of securities trading. We consider (Manticore Securities AS) as the one of largest use-cases of the Sologenic Ecosystem. Currently, Manticore Securities AS is in the process of obtaining the license and has developed a test environment that simulates the tokenization of securities on the XRPL. SOLO Tokens play an integral part in when the platform is fully operational. (Manticore Securities AS) is a Public Limited Company, registered in the EU with the aim of obtaining MiFID ll Investment Firm license to tokenize securities such as stocks and ETF on the XRP Ledger using the Sologenic Ecosystem. It consists of developers who are actively working on various open-source projects and use cases around the XRP as well as SOLO. SOLO Core team is an independent community of developers with the passion of making the Sologenic Ecosystem successful. aka SOLO Core team’s focus is purely on the expansion of the Sologenic as a decentralized ecosystem while the team are working on the launch of an important use-case of the Sologenic ecosystem: Securities Tokenization (SOLO Core Team)Īround 2 years ago, the SOLO Core Team issued 400,000,000 SOLO Tokens to be used across the “Sologenic Ecosystem”. To start with, it is important to understand the distinction between (SOLO Core Team) and (Manticore Securities AS). ![]() In this blog post, we outline the upcoming plans and additional utility proposals by the SOLO Core Team and the details of the upcoming SOLO Airdrop for SOLO and XRP holders.
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