Thank you for all the intriguing questions.
Below are written Telegram users' handles and answers to their questions. Winners congratulations and please contact Jure Pirc via telegram to receive instructions to claim your reward. The reward will be distributed on users' official exchange account.

Top 5 questions

@VidJZ: If you had to describe SOLO to someone who's only familiar with Bitcoin, how would you do it?

Sologenic is simply connecting the traditional financial markets with the Cryptocurrency markets. Considering the significant volume of traditional markets, we believe the key to helping the mass adoption of cryptocurrency globally is to merge these two markets together. SOLO holders will be able to tokenize assets from 30 global exchanges in Asia, North America, and Europe. The three asset classes traded on Sologenic are stocks, ETFs, and commodities. It means you can tokenize stock in your favorite companies such as TESLA. Some of the top stock exchanges that SOLO users can tokenize assets from including the New York Stock Exchange, NASDAQ, London Stock Exchange, Hong Kong Stock Exchange, and many more.

@Janggara96: Adoption is one of the Major Factors on which all projects should Focus to become Attractive in Investor’s eyes! So, What are the plans of Sologenic to Adopt More Adoption?

SOLO is merging traditional financial markets with crypto assets. If you look at the market cap of traditional financial markets, you’ll agree it is not even comparable to the market cap of the Crypto market today. The key to global mass adoption of Cryptocurrency is to connect these two markets together and that’s exactly what Sologenic does. There are also two Funds available within Sologenic ecosystem focusing on mass adoption of Sologenic and cryptocurrency globally:

Community Fund: The purpose of the Sologenic Community Fund “SCF” is to help the blockchain & cryptocurrency ecosystem grow globally by supporting various projects from the community. Sologenic is committed to building the infrastructure required for the large-scale adoption of cryptocurrencies. SCF is used for funding decentralized community-based projects, community events and emergency situations.

The purpose of the SOLO Expansion Fund “SEF” is to “directly” grow the Sologenic ecosystem, increase its global reach, and help to increase the value of the SOLO coin in the long term to protect all the initial investors and backers. This fund goes towards the marketing and promotional activities for the Sologenic ecosystem, such as listing fees for SOLO on global exchanges, summits, gatherings, and worldwide marketing campaigns explicitly promoting the Sologenic ecosystem and SOLO coins as well as community Airdrops.

@lildansr: What is your strategy for marketing and for mass adoption?

We will establish strategic partnerships in different markets in order to expand our reach globally. One of the main focuses is to encourage more institutional investors to participate and we are establishing partnerships with different entities in different countries. Our main focus currently is on development, legal and partnership. We have a clear vision for marketing and will launch our campaigns in a timely manner once all the components of the ecosystem are launched. In the meanwhile, our first marketing campaign will be launched in June globally along with the launch of SOLO cards.

@Emmellay: Does Sologenic have staking program?

SOLO holders can voluntarily participate in the Liquidity Provider Reward Program (LPRP), and receive rewards of up to 20% annually. There are multiple time-based programs, with both weekly or monthly participation models. Some of these programs come with flexible withdrawal terms, whereas others come with a fixed time-based deposit model. There is a daily reward payout mechanism for flexible programs and a time-based payout for fixed-term reward programs.

Sologenic sources the financial resources for these reward programs through the trading fees generated.

@CallmeUS: What will be Sologenic's next roadmap for 2020?

Sologenic has lots lined up for this year. Next month, the SOLO Cards will launch. Right after that, the decentralized exchange will go live, then towards the end of summer, the platform that enables the tokenization of assets will go live as soon as the MiFID II investment firm license is issued by FSA. We will also launch a demo platform, where users can practice trading and tokenizing of assets without real money. We're very excited about the rest of 2020! The full roadmap can be found at

Can you explain what's the main benefits of Tokenizing Assets like Stocks & Fiat? & why should we choose Sologenic than any other platforms?

Traditional financial markets are becoming obsolete! Really, it's time to modernize it. That's why DeFi is so hot right now, and Sologenic aims to fill this gap by providing modern tools to users and institutions. There are many, many, many benefits to the tokenization of these types of assets on the Blockchain. Not to mention geographical borders are removed from this system. Anywhere in the world will have access to any financial instrument or market. Another great benefit is the ability to buy in fractions rather than the whole stock. I won't remind you about other advantages of the Blockchain, such as transparency, decentralization, speed etc.

Do you have other plans for Solo tokens in terms of UseCase?

We have a great expansion plan for 2021 which includes getting more involved in the Finance & Banking industry. I'm not able to disclose more info here at this time.

What are 3 key points you hope to spread to the world about Sologenic today?

Everyone talks about the mass adoption of cryptocurrency globally, but we have not seen any big step to make that happen. Considering the massive market cap and daily trading volume of Stocks, ETFs & Commodities, I believe the key is to merge these financial markets with Crypto. That will bring a huge volume to the Crypto markets and that's exactly what Sologenic is aiming for.

How is community important to Sologenic?

Sologenic is a community-focused project, founded on the belief that cryptocurrency can be used in any way imaginable, by anyone in the world. There is SOLO Community Fund (SCF) available with the ecosystem which is used to develop decentralized projects, community events, and emergency situations. The fund also supports the Sologenic Developer Program. Developers around the world are encouraged to join this program to help create exciting new projects on the XRP Ledger.

“Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?

100% of the transaction fees generated through transfers and decentralized trading will be burned instantly by being sent to the gateway’s issuing address (Black hole). The system practices this deflationary mechanism to bring down the total supply of SOLO coins, which in turn makes remaining SOLO coins more valuable. This practice makes an equilibrium that, in the long term, makes it impossible for the SOLO coins to deplete due to higher valuation of coins and lower supply.

The real-time circulating supply can be found here:

What are the core features that create value for Sologenic? Can you highlight some of them?

One of the key features within the Sologenic ecosystem is “On-Demand” tokenization. This will allow users to choose assets from 40,000 Stocks, ETFs and Commodities from the top 30 global stock exchanges, tokenize them and trade them during the market hours. When the markets are closed, users are able to trade these assets on XRPL DEX. The goal is to make Sologenic as decentralized as possible while it will be fully in compliance with local and international regulations, therefore the SOLO core team is developing a hybrid ecosystem which our role is limited to be the point of KYC and redemption. The Custodial of the real-life assets will be through the public limited company and according to the Principles for Safeguarding Client’s Securities and Funds.

Are you planning to try and get many partnerships like Ripple does?

Certainly! We look at the partnership as one of the primary keys to expand and grow our reach. We will continuously look for new opportunities to establish a strategic partnership with other entities in different markets. We recently announced two partnerships with XUMM & XRP TOOLS KITS. Now, users can sign transactions, trade assets on the DEX, and in further stages, execute orders and trade directly using LEDGER devices.

Telegram AMA session was organised as a part of the SOLO trading competition announcement. Join the SOLO trading competition and win a prize!

Join Now
Rate this article:
Author: Team