The current real-time Sologenic price is $0.2493**, with a 24-hour trading volume of **$172,835. Over the past day, SOLO has increased by 0.48%, and over the last seven days, it has risen by 3.15%. The current market capitalization of Sologenic stands at $99,423,504, reflecting steady investor interest. With a maximum supply capped at 400,000,000 SOLO coins and a circulating supply of 398,782,758, Sologenic currently ranks #237 in the global cryptocurrency market.
Notably, today’s SOLO price is 96.24% below its all-time high but remains 1,298.41% above its all-time low, indicating significant recovery potential amid broader market trends. All data, including prices and trading volumes, are updated in real time to ensure accuracy for traders and investors.
What Is Sologenic (SOLO)?
Sologenic (SOLO) is the native utility token of the Sologenic ecosystem—a derivatives protocol designed to bridge the gap between traditional financial markets and blockchain technology. Built on the XRP Ledger, Sologenic leverages the speed, security, and low transaction costs of this established blockchain to enable efficient and transparent digital asset trading.
At its core, Sologenic empowers users to tokenize real-world assets such as stocks, commodities, and securities. Each tokenized asset is issued as a stablecoin, pegged 1:1 to the underlying asset's value. These digital representations carry the unique suffix Ƨ in their ticker symbols (e.g., AAPLƧ for Apple stock), making them easily identifiable within the ecosystem.
Tokenization transforms physical or off-chain assets into blockchain-based digital tokens. This process enhances liquidity, enables fractional ownership, and allows seamless trading on decentralized platforms. In decentralized derivatives markets, tokenized assets act as financial derivatives, deriving their value from real-world counterparts while eliminating many logistical barriers—such as storage, custody, and cross-border restrictions.
Key Components of the Sologenic Ecosystem
Sologenic offers a comprehensive suite of financial tools tailored for both retail and institutional users:
Sologenic DEX
The Sologenic Decentralized Exchange (DEX) enables users to trade SOLO, XRP, and various tokenized assets directly from their wallets. Hosted on the XRP Ledger, the DEX ensures fast settlement times and minimal fees. Traders benefit from advanced order types including limit orders, market orders, and stop-loss mechanisms. Crucially, the platform supports self-custody, meaning users retain full control of their funds at all times.
SOLO Wallet
Available on both iOS and Android, the SOLO Wallet serves as a mobile gateway to manage digital assets. Users can securely store, send, receive, and track transactions across multiple tokenized assets. Real-time market data integration allows users to monitor price movements directly within the app.
SOLO Cards
Designed for everyday spending, the SOLO Card is a physical payment card that lets users spend their tokenized assets at merchants worldwide. The card supports instant conversion between digital assets and fiat currencies, enabling seamless use in retail stores, restaurants, and online platforms—just like a traditional debit or credit card.
SOLONEX
Tailored for institutions, SOLONEX is a white-label tokenization brokerage solution. It enables financial institutions and enterprises to launch their own asset tokenization platforms with features like fractional trading, liquidity management, fundraising capabilities, and compliance-ready infrastructure. This product positions Sologenic as a key player in the convergence of DeFi and traditional finance.
Who Founded Sologenic?
Sologenic was launched in April 2018 by CoinField Exchange, with Bob Ras serving as the project’s founder. Ras holds a degree in marketing and brings extensive leadership experience from both traditional and digital finance sectors. Prior to Sologenic, he served as CEO of CoinField and held executive roles at Hardex Manufacturing, including Senior Global Expansion Advisor. He is also a co-founder of Coreum, another blockchain-focused venture.
Under Ras’s vision, Sologenic aims to democratize access to global financial markets by removing intermediaries and lowering entry barriers through blockchain innovation.
What Is the Purpose of SOLO Tokens?
The SOLO token plays a central role in powering the Sologenic ecosystem. Here’s how it’s used:
- Payment Method: SOLO can be used to purchase tokenized assets such as stocks and commodities.
- Everyday Spending: Through the SOLO Card, holders can spend their tokens on goods and services globally.
- Transaction Fee Discounts: Users who pay fees on the Sologenic DEX using SOLO receive reduced rates—a common incentive model in decentralized platforms.
- Liquidity Provider Rewards (LPRP): SOLO holders can participate in limited-time programs that reward liquidity providers with daily payouts, encouraging active participation in the platform’s growth.
These utility functions enhance demand for SOLO beyond speculative trading, contributing to long-term value accrual.
SOLO Token Supply and Deflationary Mechanism
The total maximum supply of SOLO is fixed at 400 million tokens, with nearly all already in circulation (398,782,758). All tokens are issued on the XRP Ledger, ensuring transparency and interoperability.
To support long-term sustainability, Sologenic employs a deflationary mechanism: a portion of transaction fees generated across the platform is periodically burned by sending it to an irrecoverable issuing address. This reduces the overall circulating supply over time, potentially increasing scarcity and upward price pressure as adoption grows.
Frequently Asked Questions (FAQ)
What is the current price of SOLO?
As of now, the live price of Sologenic (SOLO) is $0.2493 USD. Prices are updated in real time across major crypto tracking platforms.
Where can I buy SOLO tokens?
SOLO is available on several major exchanges including Binance, KuCoin, and Kraken. Always verify exchange availability based on your region.
Is SOLO built on Ethereum or XRP Ledger?
SOLO operates exclusively on the XRP Ledger, not Ethereum. This choice enables faster transactions and lower fees compared to many competing blockchains.
How does asset tokenization work on Sologenic?
Sologenic allows real-world assets (like stocks or gold) to be converted into digital tokens backed 1:1. These appear as stablecoins with the Ƨ suffix and can be traded or spent via supported tools.
Can I earn rewards with SOLO tokens?
Yes—holders can join the Liquidity Provider Reward Program (LPRP), which offers time-limited incentives for contributing liquidity or engaging with platform features.
Is Sologenic safe to use?
The platform emphasizes security through self-custody models, transparent operations on the XRP Ledger, and institutional-grade infrastructure via SOLONEX.
Final Thoughts
Sologenic represents a compelling fusion of decentralized finance and traditional asset markets. By enabling secure tokenization of real-world assets and offering practical tools like the SOLO Card and DEX, it delivers tangible utility beyond typical crypto projects.
With strong fundamentals—including a deflationary supply model, growing ecosystem adoption, and experienced leadership—SOLO continues to position itself as a forward-thinking player in the evolving digital asset landscape.