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XRP Holders To Receive $1,000,000,000 Airdrop, Says Crypto Investment Platform Sologenic

A crypto funding platform is launching a $1 billion airdrop for XRP and holders of the protocol’s native token.

Sologenic (SOLO), an ecosystem constructed on the XRP Ledger (XRPL) that tokenizes a variety of belongings from conventional monetary markets, is launching a brand new decentralized non-fungible token (NFT) market on the XRPL.

In order to juice the brand new market’s ecosystem, Sologenic is airdropping 200 million of its native token, SOLO, to buyers who already maintain SOLO or XRP, in line with a brand new announcement from the corporate.

SOLO is presently buying and selling at $5.36, which means the full airdrop could be value $1.07 billion at time of writing.

To declare the free SOLO tokens, crypto buyers want to carry their SOLO and/or XRP on centralized exchanges which can be supporting the airdrop or create a “Trustline” from their personal pockets to Sologenic.

The snapshot for the airdrop will probably be taken on December twenty fourth and Sologenic will divvy up 100 million SOLO a chunk among the many eligible XRP and SOLO accounts. Investors who set up Trustlines will obtain their tokens on January twentieth.

Sologenic’s new market will allow customers to mint NFTs underneath eight totally different classes, together with movement graphics, music, and sports activities collectibles. It may also permit customers to mint and seal a number of NFTs underneath a single transaction price on the XRP Ledger.

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

“Considering the current user engagement on Sologenic DEX, the level of excitement within the SOLO community and the need for a fast and cost-efficient NFT marketplace in the industry, I believe this new decentralized NFT marketplace will be a game-changer for both creators and collectors.”

Read extra concerning the SOLO airdrop here.

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Featured Image: Shutterstock/fran_kie

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