Huobi, one of the largest crypto exchanges in the world, announced that Sologenic, which works on the XRPL network, has included the SOLO token in the sale list on the exchange.
Ripple (XRP)-Based Cryptocurrency Listed On A Major Exchange For The First Time
Previously, the token was listed on centralized platforms such as MEXC or Gate.io, but with the Huobi listing, it is the first time SOLO token has been listed on a top-tier exchange in size.
It doesn’t seem strange that Sologenic (SOLO) chose to be listed on such a major platform. The project operates as a fully independent body within the XRPL network and is based solely on Ripple It not only receives money from its network, but also makes many contributions to this network.
Hence, Sologenic’s decentralized trading solution is one of the most popular ways to enter the XRPL ecosystem. In addition, the platform is almost one-of-a-kind in offering asset tokenization services, and its product Solonex, designed for financial institutions and organizations, is similar to its close relative Ripple.
Among other things, the Sologenic team is developing a number of projects useful for the entire XRPL community. Among the projects, Market Index, which will track the prices of all Ripple-based tokens, cryptocurrency It features a launchpad, known by its community as a tool for launching new projects, a cross-chain bridge between Ripple Ledger and other blockchains, and the SOLO card with native app, which will include an onramp exchange directly to fiat at the time of payment.
The SOLO token has a variety of uses, including voting rights, fees for printing and listing Sologenic NFTs, DEX service token, staking reward, and providing liquidity.
*Not investment advice.