Published
4 years ago on
February 20, 2020
- Sologenic announced its own initial exchange offering earlier this week with the team expecting to sell at least 10% of the total supply by the 25th of February.
- With the SOLO tokens looking for listings on big platforms, users will be able to convert any digital asset such as BTC or ETH.
The Coinfield XRPL project, Sologenic announced its own initial exchange offering earlier this week with the team expecting to sell at least 10% of the total supply by the 25th of February. This will give users the ability to trade into SOLO tokens. The CEO of CoinField, Bob Ras said the following in an interview:
“Our goal for IEO is to sell 10% of the total supply, which is about 40 million SOLO. Our presale was a success. But the main goal is that we get SOLO listed in other major exchanges.”
With the SOLO tokens looking for listings on big platforms, users will be able to convert any digital asset such as BTC or ETH, into one of the 30,000 stocks and ETFs on the Sologenic platform in real-time. Despite this, when it comes to decentralised platforms, the assets will be treatable only against the token itself and XRP.
On top of this, the CEO went to clarify a positive attitude towards Ripple and its IPO and said that if the stocks are available, it will be listed on Sologenic:
“So I think by launching an IPO, Ripple is going to be much more stronger. And obviously XRP is decentralize, you know, they, then, they’re not centralized, but, it’s going to affect. If Ripple is going to launch an IPO, it’s going to have some effect on the price of the XRP, which I think is positive.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
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