Sologenic Price and the Future of Tokenisation
Before considering what impacts on Sologenic price, we need to understand the platform. Sologenic is a platform built on the XRP ledger with the aim of merging non-blockchain assets with crypto assets. Sologenic also offers a low-cost, on-demand, secure tokenisation of these traditional finance markets on a distributed ledger or blockchain.
These assets can then be traded like every other cryptocurrency using Sologenic's decentralised exchange (DEX). This means that institutions and individual users can trade crypto assets like XRP and SOLO (Sologenic's native token) against traditional finance markets.
Sologenic's Asset Tokenisation platform has more than 40,000 stocks, ETFs, and commodities tradable across three continents, which it tokenises.
How Sologenic changes the game
Sologenic’s whitepaper points out specific challenges and bottlenecks that give a logical reason for their platform’s solution.
The first is the limitation of most economic markets to their regions. It is difficult to do cross-border value exchange, which can help people to make foreign direct investments from anywhere in the world, especially for small, individual investors. Sologenic hopes to democratise this process through its Assets Tokenisation Platform.
Another challenge highlighted is the limitation caused by low financial literacy in many economies and high platform costs for many trading platforms.
The major highlight of this solution is that there are no technologies or trading platforms available for cross-asset trading, that is, between crypto and fiat or other traditional commodities.
The solution aims to address these challenges by making their platform simple, secure, fast, and easily accessible. Sologenic price for trading fees is also low compared to traditional trading.
Combining blockchain benefits for traditional markets
At the core of the Sologenic platform is the application of blockchain technology and its benefits to existing traditional assets. To make this possible, Sologenic has a decentralised exchange module, an asset tokenisation module, a blockchain module, and an order fulfilment module.
How to predict Sologenic price
Like many other cryptocurrencies, Sologenic (SOLO) price is directly related to its use. If Sologenic's Asset Tokenisation platforms have increased traffic and usage, there will be more demand for the SOLO coin, causing an increase in Sologenic price.
Sologenic price can be affected by the overall trend of crypto markets. Since it trades traditional assets, it can also be affected by the stock market and other traditional markets.
To accurately predict Sologenic prices, you can start by analysing its price history as a helpful reference and comparing it to other crypto and stock market prices.
Sologenic price and the future
SOLO is created by users staking it in the SOLO Savings Program (SSP). The market cap of the SOLO coin is 400,000,000. The platform has an expansion plan called the SOLO Expansion Fund (SEF), which aims to include SOLO's global reach, protecting initial investors and increasing Solo's price. A portion of this fund is to stabilise the Sologenic price.
Sologenic was founded by Bob Ras and Reza Bashash, with Bob as CEO and Reza as CTO. Sologenic.com is a part of the Sologenic ecosystem, as it is called. The Sologenic ecosystem offers other blockchain solutions and manages an NFT marketplace.
Sologenic price today will depend on various facts like crypto market trends and current activity, stock market trends and current activity, your trader's appetite, and the overall use of the Sologenic platform.
Author: Samuel Oluwagbami
Samuel is a versatile writer with special interests in finance and technology; particularly in blockchain, cryptocurrencies and related concepts. He writes on trending topics and provides value-driven content to his readers.