The upcoming airdrop is timed to coincide with Coreum’s launch on the main network. 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.
For instance, Whale Alert caught 17,700,000 XRP worth $15 million transferred from Bitso to an unknown wallet. The bot also caught 20,000,000 transferred from Bithumb to an unknown wallet. For any inquiries regarding this listing, please feel free to contact us in the official OKX Telegram group or via the Support Center. The deposits and withdrawals of XRP will be suspended 30 minutes before taking the snapshot and will be resumed after that time .
If you held your XRP on Binance at the time of the snapshot, you will receive your SOLO airdrop in your Binance.com account. Please note that the SOLO in Binance will initially be withdrawable to the Binance Smart Chain. The SOLO team is creating a wrapped SOLO using the BEP20 standard on BSC which allows users to trade SOLO on the Binance DEX as well as be able to use SOLO in DeFi applications.
When will the SOLO Airdrop be distributed?
Earlier, another major exchange, MEXC, announced a similar event. In order to engage the community to participate in the ecosystem and proposed governance utilities, an amount of 200M SOLO will be unlocked as part of an airdrop to the XRP and/or SOLO holders around the world. At the time of this press release, the spot price of SOLO is $4.27 USD making this Airdrop one of the largest that has ever been distributed in the crypto space. Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.
If the user borrows XRP in the margin platform, even if it is transferred to the spot account, OKX will not count this part of the position. Gain access to both traditional financial markets & crypto markets by completing the KYC & AML onboarding procedure. With the XRP Ledger’s fast transaction times, people all around the world can tokenize different assets securely and quickly. CoinFLEX may open more markets when there is a decent amount of liquidity and trading volume in the spot market. We are not involved in the published airdrops in any way. Although we try to list only legit projects we can not be responsible for any issues or loss due to scam.
The exact amount of SOLO depends on how much XRP and SOLO are deposited in a supported wallet. They announced on their official Twitter page they’ll be supporting the airdrop. For the trading and listing of SOLO on OKX, SOLO will go through the same strict listing review process as OKX does for any other coin/token.
XRP tokens in a state of pending deposit/withdrawal at the snapshot time will not be counted toward the calculation. SOLO withdrawals are currently only available on the BEP-20 network as the SOLO project team is working on a bridge for its mainnet. You will need to make sure that you have the following trustline set to receive your airdrop. Liquid will distribute SOLO tokens at the conclusion of the program. We are not a financial advisor and the content on this website is not financial advice. All information on this website is informative and not a recommendation to buy or sell anything.
Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Supporting this airdrop does not guarantee the listing of SOLO. OKX does not guarantee any listings as per its internal policy. In order to be eligible to receive the SOLO airdrop, the minimum amount of XRP held in each user’s OKX account must be at least 10 XRP . Sologenic.com as the largest use-case of the Sologenic Ecosystem is a sophisticated ecosystem utilizing the on-demand tokenization of a wide range of assets including Stocks and ETFs. As covered by U.Today, xCORE is a token-option for a native token of Coreum , a Layer 1 decentralized blockchain created by the Sologenic Development Fund to fill the needs for Sologenic that XRPL cannot meet.
More info about SOLO and Binance Smart Chain to be announced soon. Korea’s largest crypto exchange, Upbit, announced its participation in an airdrop of xCORE tokens for all XRP holders. In addition to them, rewards will go to holders of SOLO, the token of one of the top projects on the XRP Ledger, Sologenic.
XRP borrowed from Margin or Crypto Loans, or XRP transferred to Spot wallets from these accounts, would not be eligible for the airdrop. The Compliance team at Sologenic has reviewed the top 1000 wallet addresses with the most $XRP holdings to ensure that the $SOLO Airdrop goes to the actual $XRP holders. We’re thrilled with the amount of participation and exchange support for the Sologenic airdrop. Almost 340,000 Trustlines were established to the Sologenic’s gateway on the XRPL and more than 28 top centralized exchanges have supported the airdrop. We are excited to announce that Liquid is supporting an upcoming AQUA token airdrop. XRP borrowed from the margin or crypto loans are not eligible for the airdrop.
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The snapshots include XRP balances in Spot wallets and Savings accounts. Undistributed XRP interest payments will not be included. These exchanges will automatically make sure that you will receive the SOLO coins. When autocomplete results are available use up and down arrows to review and enter to select.
In total there is an airdrop of 200,000,000 SOLO for XRP and SOLO holders. Huobi Global will distribute SOLO tokens to users’ Exchange accounts after receiving airdropped tokens. A further notice will be released once distribution for XRP holders is completed.
How to get the Sologenic (SOLO) airdrop? Hold XRP or SOLO for free tokens
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WazirX will distribute SOLO tokens after the project has completed the SOLO token distribution to XRP holders. We will post a further announcement once the distribution is completed. Exchange holders need to check with their respective exchanges to see whether they will be supporting the airdrop. If you hold your XRP and/or SOLO assets on a centralized exchange, please get in touch with your exchange after Jan 20th to make sure the airdrop will be distributed by the exchanges in a timely manner. We have a list of all supported wallets for this airdrop. 100 million SOLO for XRP holders and 100 million for SOLO holders.
Consult an expert when making financial decisions and only invest money you can afford. If you are too late for the snapshot, you can’t claim your tokens. I kindly let you know that currently, We don’t have any official word about Sologenic Airdrop yet.
OKX will distribute the SOLO tokens after the project has completed the SOLO token distribution to OKX. We will post a further announcement once the distribution to OKX users is completed. Please note that our support of the airdrop does not mean that Sologenic will be listed on EXMO. We will review it individually, like any other project applying for listing on our platform. Liquid will be supporting Flare Networks’ upcoming SPARK airdrop, where XRP holders will receive free SPARK tokens.
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. There is another new airdrop hype in the crypto world, this time it is the Sologenic airdrop for XRP and SOLO holders. Every XRP/SOLO holder who holds this cryptoin a wallet that supports the Sologenic airdrop during the snapshot will receive free SOLO tokens.
Withdrawals for SOLO tokens have been enabled; however, deposits for SOLO tokens are not supported. Please do NOT make SOLO deposits to avoid the risk of losing your funds. We want to make it possible for everyone to easily enter the world of cryptocurrency.