Crypto NewsRipple (XRP)

According to Crypto Investment Platform Sologenic, XRP holders will receive $ 1,000,000,000 in Airdrop

A crypto investment platform launches a $ 1 billion airdrop for XRP and holder of the protocol’s native token.
Sologenic (SOLO), an XRP Ledger (XRPL) -based ecosystem that tokenizes a wide range of assets from traditional financial markets, is launching a new decentralized non-fungible token (NFT) Marketplace on the XRPL.

In order to strengthen the ecosystem of the new marketplace, Sologenic is giving up 200 million of its native token SOLO to investors who already own SOLO or XRP, according to a new announcement by the company.

SOLO is currently trading at $ 5.36, meaning the entire drop would be worth $ 1.07 billion at the time of writing.

To claim the free SOLO tokens, crypto investors must hold their SOLO and / or XRP on centralized exchanges that support the Airdrop, or a “trustline” from their private ones Wallet to create Sologenic.

The snapshot for the airdrop will be taken on December 24th and Sologenic will split 100 million SOLO apiece across the eligible XRP and SOLO accounts. Investors who set up trustlines will receive their tokens on January 20th.

Sologenic’s new marketplace will allow users to mint NFTs in eight different categories, including motion graphics, music, and sports collectibles. It will also allow users to mint and seal multiple NFTs on the XRP ledger under a single transaction fee.

explains Bob Ras, co-founder of the Sologenic Development Foundation,

“In view of the current user engagement at Sologenic DEX, the enthusiasm within the SOLO community and the need for a fast and cost-efficient NFT marketplace in the industry, I believe that this new decentralized NFT marketplace will be a crucial factor for both developers and collectors. “

Read more about the SOLO Airdrop here.
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Source: Crypto News Deutsch

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