Sologenic Airdrop XRP, How to Participate

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Sologenic Airdrop

Hello Readers, Here is the step by step way you can claim Sologenic Airdrop for free and In order to engage the community to participate in the ecosystem and proposed governance utilities the Solo team come up with this.

The SOLO Core Team has decided to unlock 200,000,000 SOLO (Community SCF, and Expansion SEF) and conduct an airdrop to the XRP and SOLO communities.

So to participate in the Airdrop you will have to follow the steps am about to show you below.

About Sologenic

Sologenic is merging traditional finance with blockchain. The Sologenic ecosystem aims to make it effortless for crypto investors to exchange assets and invest in different conventional financial instruments.

The ecosystem aims to eliminate entry barriers for individual and institutional crypto investors. Sologenic allows them to trade non-blockchain asset classes, such as stocks, ETFs, and commodities, with one cryptocurrency SOLO.

Sologenic is airdropping a total of 200,000,000 SOLO to XRP and SOLO holders. The snapshot will be taken on December 24th, 2021 at 8:00 PM UTC and eligible holders will receive the rewards on January 20th, 2022 at 8:00 PM UTC.

Sologenic Airdrop

Step-by-Step Guide:

  1. Hold XRP or SOLO in a private wallet or in a supporting exchange by the snapshot date.
  2. The snapshot will be taken on December 24th, 2021 at 8:00 PM UTC.
  3. A total of 100,000,000 SOLO has been allocated to XRP holders and 100,000,000 SOLO to SOLO holders.
  4. Users who’re holding SOLO in a private wallet don’t need to do anything to receive the rewards. Users who’re holding XRP in a private wallet need to add TrustLine to the Sologenic gateway by using the SOLO Wallet app or the XUMM app by adding SOLO as a currency to their existing account.
  5. Exchange holders need to check with their respective exchanges to see whether they will be supporting the airdrop.
  6. The rewards will be distributed on January 20th, 2022 at 8:00 PM UTC.
  7. For more information regarding the airdrop, see this Medium article.

Sologenic Overview


How to Claim Sologenic Airdrop XRP

  • Airdrop starts: 2021-12-24
  •  Airdrop LinkMORE INFORMATION
  •  Total value: 200,000,000 SOLO
  •  Platform: XRP
SOLO Token Aidrop

How to Participate on Solo Token Airdrop

The Airdrop Pool size is 10,000 SOLO (Valued more than $50,000 USD). We will randomly select 1,000 Winners and the Winners will receive 10 SOLO each!

In order to participate in the airdrop, please follow 6 simple steps:

ALL STEPS MUST BE FOLLOWED TO BE QUALIFIED

Step 1: Follow All These 4 Twitter accounts:

Step 2: Retweet the following tweet and tag 3 of your friends who loves Sologenic:

https://twitter.com/realSologenic/status/1473010442469462017?s=20 Step 3: Follow All These 4 Telegram and Discord:

Step 4: Follow Sologenic’s Facebook and Instagram:

How Will Airdrop Be Distributed?

The following ratio will be applied to the distribution:

XRP holders*: 50%

SOLO holders: 50%

* Please note that a TrustLine to the Sologenic Gateway must be in place for the account to be eligible for the airdrop.

Example: Let’s assume the final amount of XRP and SOLO which are qualified for the SOLO airdrop at the time of snapshot is as follows:

SOLO: 20,000,000

XRP: 500,000,000

Then the number of SOLO Airdrops for the holders of XRP and SOLO will be calculated and deposited as below:

SOLO Airdrop Amount:

(200,000,000 ÷ 2) ÷ 20,000,000 = 5 SOLO per each SOLO Holding

XRP Airdrop Amount:

(200,000,000 ÷ 2) ÷ 500,000,000 = 0.2 SOLO per each XRP Holding

When will the Snapshot be taken?

Snapshot Date/Time: Dec 24th, 2021 8:00 PM UTC

Sologenic Gateway (Issuer): rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz

SOLO Currency Code: 534F4C4F00000000000000000000000000000000 Limit: 400,000,000

When will the SOLO Airdrop be Distributed?

Distribution Date/Time: Jan 20th, 2022 8:00 PM UTC

What if you hold your XRP & SOLO on a Decentralized Wallet?

For XRP holders who take custody of their assets, a TrustLine to the Sologenic gateway is required. This can be conducted using the SOLO Wallet app or the XUMM app by adding SOLO as a currency to your existing account.

What if you hold your XRP & SOLO on Centralized Exchanges?

We will initially reach out to exchanges and ask them to distribute the SOLO tokens to their respective users. However, the XRP and SOLO community may help in asking their favorite exchanges to consider participating in the airdrop.

We hope that by distributing the locked SOLO to the community, we will have more user engagement on the Sologenic DEX as well as the NFT marketplace which brings a huge value to the XRP Ledger Ecosystem.

How to stay tuned for further updates?

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