Sologenic (SOLO) was launched on HotsCoin on January 15. Sologenic is a tokenized ecosystem built on XRP Ledger, aiming to enable users to invest, trade and on-demand tokens in stocks, ETFs, legal currencies and other assets. Monetization. SOLO is currently open for trading on HotsCoin.
Token information
Circulation: 399,947,699 SOLO
Total supply: 399,947,699 SOLO
Circulation market value: $68,146,573.199
Fully diluted market cap: $68,155,484.7
The Sologenic Development Foundation has unveiled important information about a new Layer-1 blockchain designed to become the core infrastructure for future decentralized applications.
Launch of Coreum
The Sologenic Development Foundation announced the launch of “Coreum” on December 20, 2021, a new Layer-1 blockchain. The goal of this blockchain is to improve the weaknesses of existing blockchain networks and provide developers with the infrastructure needed for decentralized applications ranging from asset tokenization, banking and remittances, to DeFi, Metaverse and gaming.
Key features
Community-driven open source project: Coreum is not conducting an Initial Coin Offering (ICO), but is a 100% community-based open source project designed to support future decentralized applications (dApps) and the DeFi space across the entire blockchain ecosystem growth of.
Web Assembly (WASM) engine: Unlike many modern blockchain networks that use the Ethereum Virtual Machine, Coreum uses a modern Turing-complete Web Assembly engine to handle smart contracts written in many different languages.
Cross-chain interoperability: Coreum will provide cross-chain interoperability by deploying bridging capabilities, allowing other cryptocurrencies to flow into Coreum’s ecosystem through staking wrappers.
High performance and low transaction fees: Coreum stands out in terms of speed with a block time of 1.5 seconds and the ability to process 7,000 transactions per second, while maintaining low transaction fees.
Economic model and deflation: Coreum’s economic model uses a dynamic fee ratio generated by each block for validator incentives and reward pool replenishment to achieve deflation.
Asset issuance and minting: Coreum supports the issuance of any fungible and non-fungible tokens on the chain, making asset issuance and minting more flexible.
Leadership Team and Advisors
Coreum’s team is made up of passionate individuals and is supported by well-known figures in the blockchain space, including Sologenic co-founder Bob Rath, Reza Bashash, Celsius Chief Architect and former Head of DeFi Engineering at Ripple. Mr. Hua, as well as Michael Zochowski, Vice President of Valon and former head of RippleX products, etc.
in conclusion
Sologenic provides strong support for the future growth of decentralized applications and the DeFi space with the launch of Coreum. Its powerful features and outstanding background of the team have given it an important position in the blockchain ecosystem. Investors should pay close attention to the further development of Sologenic and its ecosystem.
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