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Investing In Sologenic (SOLO) – Everything You Need to Know

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The cryptocurrency industry is constantly growing, expanding, and connecting to other industries out there, including traditional finance. As part of that, it has always had a loose connection to traditional markets, as well. Correlation between cryptocurrencies and stocks, for example, has existed for ages, and that was felt best in mid-March 2020 after the start of the global COVID-19 pandemic caused the stock market crash, which pulled cryptocurrencies down with it.

Meanwhile, the crypto industry has been pushing hard to ensure the approval of new assets in traditional finance that would be tied to cryptocurrencies. Countless attempts to get the regulators to approve a Bitcoin ETF is one of the best examples of this.

Now, however, there is a new project that aims to bridge crypto and traditional assets and to let users do so on-demand, through the process of tokenization of traditional assets and their introduction into the world of crypto and blockchain technology. Its name is Sologenic, and today, we were interested in seeing what it has to offer.

What Problems Does Sologenic (SOLO) Solve?

Let’s start by looking into what problems can Sologenic solve, meaning, in what ways can it help?

Connecting the global financial markets with crypto

Sologenic uses the XRP Ledger, on which it operates, to ensure fast transaction times and allow people from all around the world to tokenize different assets in a quick and secure way. As a result, it aims to create a bridge that would bring global financial markets to the blockchain, and make it a part of the world of cryptocurrency.

Asset tokenization

Sologenic’s ecosystem is sophisticated, transparent and safe enough to allow users to securely tokenize assets. Anything, from stocks to ETFs and commodities can be tokenized, and the project is available anywhere in the world. Its token holders already have access to a wide range of stocks from over 30 global exchanges, and more is always being added thanks to the ease of use that makes asset tokenization simple and available.

Pushing crypto towards mass adoption

The project has a mission to become the most influential blockchain-based project in the world by bridging the gap between traditional financial markets and crypto. However, its vision is to use this bridge between the two opposing sides and facilitate the mass adoption of cryptocurrency globally, by encouraging traditional asset investors and traders to try them out in the crypto sector, through the tokenization process.

Benefits of Sologenic (SOLO)

Now, let’s talk about what Sologenic can do for its users directly, and what benefits it has to offer. There are quite a few of them, but we will quickly go through some of the most notable ones.

Access and trade over 40,000 assets

According to Sologenic’s website, there are over 40,000 different assets that users can access, browse, and trade using its platform. That includes stocks, commodities, and ETFs from over 30 top global stock exchanges located in Europe, Asia, Oceania, and North America. However, keep in mind that, despite being tokenized, they can still only be traded during market hours.

Get a free SOLO card

Next, Sologenic also offers its users a free SOLO card if they choose to HODL SOLO in their wallets. SOLO cards can allow users to spend their cryptocurrencies and tokenized assets anywhere in the world where standard credit cards are accepted. Users can also opt to load their cards up manually, or to put assets as collateral, so that they would never exceed their limit.

There are multiple types of cards, and the deciding factor regarding which one they will get is the amount of SOLO that they hold in their wallet. So, for 500 SOLO, users are eligible to get a SOLO Black plastic card. If they hold 2000 SOLO, they can get a SOLO Black Metal card. 100,000 SOLO will ensure that they receive a SOLO Black Prestige metal card, while 400,000 or more brings the SOLO Black Whale carbon fiber card.

Benefits of the XRP Ledger

As mentioned earlier, the project runs on XRP Ledger, which allows it to harness the potential of Ripple’s advanced network which is fast and efficient, resistant to censorship, secure, transparent, and capable of processing 1,500 TPS. Plus, Ripple is known for building relationships with banks all over the world, which is further evidence of how reliable the system is.

A rich ecosystem

Finally, it should be noted that Sologenic has a rich and advanced ecosystem featuring multiple tools and services. For example, you can use its SOLO Wallet, Sologenic DEX, SOLO Cards, tokenized asset trading, SOLO Expansion Fund (SEF), and SOLONEX, which is a tokenization brokerage solution for financial institutions.

How Does Sologenic (SOLO) Work?

Sologenic is a crypto project that aims to create a bridge between crypto and traditional financial assets, but not by bringing cryptos to traditional exchanges, but by bringing traditional assets on the blockchain. The project has a vision of pushing crypto towards mass adoption, and it intends to do that by showing traditional asset traders and investors the benefits of the crypto industry.

The project makes tokenization of traditional assets on demand a simple and user-friendly feature that allows anyone to do it. Furthermore, it already has over 40,000 assets from more than 30 global exchanges available for its users. It brings a new approach on joining crypto and traditional finance, and it does it in a simple way available to all.

How to Buy Sologenic (SOLO)

Currently, Sologenic (SOLO) is available for purchase on the following exchanges.

Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.

Gate.io – This exchange was established in 2013, and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK.  USA & Canada residents are prohibited.

Sologenic (SOLO) — Tokenize Stocks, ETFs, and Commodities on demand

The crypto industry is here to stay, and the world has finally come to accept it. Gone are the days of proclaiming Bitcoin dead or claiming that blockchain is a scam. These days, institutions are getting more and more involved with the crypto sector, central banks are developing their own coins, regulators are struggling to finally bring proper rules for digital currencies, and the governments are slowly opening to the idea of accepting crypto as legal tender.

In the midst of all of this, projects like Sologenic are speeding up this process of merging crypto with the traditional world of finance, and in doing so — ensuring the gradual inclusion of digital currencies into everyday life, as well as the global financial scene.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.

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