According to Sologenic’s statement, XRP holders will receive an airdrop of $ 1,000,000,000. A crypto investment platform (Sologenic) is launching a $1 billion airdrop for Ripple (XRP) holders and its native token. Details of the topic cryptocoin.com‘in.
airdrop for Ripple
Sologenic (SOLO), an ecosystem built on the XRP Ledger (XRPL) that tokenizes a wide variety of assets from traditional financial markets, is launching a new decentralized, non-tradable token (NFT) market on XRPL. According to a new announcement from the company, Sologenic is airdropping 200 million of its native token SOLO to investors who already hold SOLO or XRP to feed the new market’s ecosystem. SOLO is currently trading at $5.36, meaning the total airdrop would be worth $1.07 billion.
To claim free SOLO tokens, crypto investors must hold their SOLO and/or XRP on centralized exchanges that support the airdrop, or create a “Trustlines” from their private wallet to Sologenic. The snapshot for the airdrop will be taken on December 24, and Sologenic will split 100 million SOLO between eligible XRP and SOLO accounts. Investors who set up trustlines will receive their tokens on January 20. Sologenic’s new marketplace will allow users to print NFTs under eight different categories, including motion graphics, music and sports collections. It will also allow users to print and seal multiple NFTs on XRP Ledger under a single transaction fee. Bob Ras, co-founder of the Sologenic Development Foundation explains:
“Considering the current user engagement regarding Sologenic DEX, the level of excitement within the SOLO community, and the need for a fast and low-cost NFT market in the industry, I believe this new decentralized NFT marketplace will be game changer for both creators.”
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