Review on Sologenic by Toprak Dere
About Sologenic
Solo Coin was developed as a cryptocurrency to be used as the local currency of the Sologenic ecosystem. SOLO Coin, developed on the XRP Ledger, will provide market making and liquidity to the entire ecosystem. These coins act as a dynamic bridge between other crypto assets and non-blockchain-based assets as direct collateral for transfer to third-party brokers.
Thus, the Sologenic ecosystem and SOLO coin will provide a one-stop solution for tokenization of assets. On the platform, financial assets such as stocks and ETFs can be traded on more than 25 different global exchanges against crypto currencies.
Once funds are deposited into the platform, users can convert these assets directly to SOLO coins. SOLO operates as the only coin that can be converted into tokenized off-blockchain assets.
Another service to increase the use of solo coins will be the SOLO crypto card. Thus, users will have the opportunity to shop all over the world with the SOLO coins they load on their cards. In addition, it is planned to offer monthly returns and various advantages in specified amounts for purchases made.
Pros
- There are 3 different programs for traders and users to increase the use of SOLO tokens in the ecosystem. The first of these is the community participation program; Thanks to this program, users will be able to participate in the decision-making mechanism. This decision will enable it to determine which assets will be traded. A second program is the Solo Community Fund (SCF); Thanks to this fund, a global growth is aimed by supporting different decentralized projects of the Blockchain and crypto money market.
- SOLO holders receive a wide variety of benefits, such as crypto cards, staking rewards, community funds, expansion funds, and participation in various decision-making events.
Cons
- not listed in most exchanges
