Nov 2 / 2019
Latest News / Blockchain news/ Crypto
katy micallef
Posted by: Katy Micallef

CoinField to launch SOLOGENIC at Malta AIBC Summit

The highly anticipated project is nominated for the “DeFi Project of the Year” Award at the largest blockchain conference of 2019

CoinField will officially launch its groundbreaking Sologenic project at the upcoming AIBC Summit, which will take place on November 7-8 in Malta. The CEO of the company Bob Ras will address the Summit participants during his keynote speech at 12.00 on November 8 on the main conference stage. 

Just under 3 weeks ago CoinField announced the sophisticated ecosystem that will facilitate trading of on-demand tokenized assets, including stocks and ETFs, from over 25 global stock exchanges, or fiat-backed stablecoins on top of the XRP ledger (XRPL). 

Sologenic deploys SOLO coins for market-making and liquidity providing. Coins are issued on the XRPL allowing liquidity to be moved in a matter of seconds. This creates a dynamic bridge between crypto assets and non-blockchain-based assets by being paired directly with fiat as collateral to settle with third-party brokerage firms. SOLO will be available for trading on CoinField’s existing exchange, CoinField’s upcoming DEX, and major global crypto exchanges. 

“On November 8 we will address the necessity of merging traditional finance with blockchain technology. Our goal is to make it very easy for people around the world to have access to different global stock exchanges via the blockchain. Sologenic tokenizes stocks on the XRPL on demand and allows to trade them against any cryptocurrency. We believe we are paving the way to the mass adoption of crypto,” said CoinField’s CEO Bob Ras

SOLO tokens will be distributed to the public in two phases. The SOLO VIP Pre-Sale will be held December 9-16, 2019 with discounts of up to 12.5%. The SOLO IEO will start in early Q1 2020. 

CoinField will be live streaming the keynote speech through its Twitter @CoinFieldEX account. All AIBC Summit participants are invited to visit Booth 9 at the show to learn exclusive details about Sologenic. 

About Sologenic 

Sologenic is merging traditional financial markets with crypto by leveraging the XRPL to enable ultra-fast and efficient transactions in real-time. Users can invest, trade, and tokenize assets such as stocks, ETFs, and fiat on-demand. For example, a tokenized stablecoin of TSLA or USD is presented as TSLAƨ or USDƨ. These stablecoins are tradable and redeemable against XRP and SOLO on both CoinField exchange & XRPL DEX. SOLO holders are eligible to obtain a free 

Crypto Card to use their crypto assets as collateral and spend instantly anywhere in the world. 

Sologenic is a community-based ecosystem where users can participate in different decision- making events and benefit from the SOLO Community Fund (SCF) and the SOLO Expansion Fund (SEF). Developers are encouraged to contribute to the Open Source SDKs and other decentralization initiatives. Users can voluntarily participate in multiple time-based reward programs and receive up to 20% rewards annually. 

It’s time for the world to #GoSOLO and create a new financial ecosystem for the modern era. 

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