Before considering what impacts on Sologenic price, we need to understand the platform. [Sologenic](https://www.sologenic.com/) 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](https://www.sologenic.com/downloads/sologenic-whitepaper.pdf) 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](https://www.sologenic.com/ecosystem/expansion-fund) it in the SOLO Savings Program (SSP). The [market cap](/news/article/what-is-market-cap-cryptocurrency) 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.

## Conclusion

Sologenic was founded by [Bob Ras](https://www.sologenic.com/downloads/sologenic-whitepaper.pdf) 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](https://sologenic.org/nfts/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.


sologenic logo and crypto token background

Sologenic Price and the Future of Tokenisation

Theta is an established and fast-growing cryptocurrency. Theta wallet is the official wallet operated by the [Theta project](/news/article/theta-coin-price) and used to interact with the Theta blockchain.

The web wallet can log into an existing wallet, or users can create a new one. Users with an existing wallet would have to unlock it from an encrypted Keystore file, mnemonic phrase, or private key.

## Creating a new Theta wallet

Theta [recommends](https://medium.com/theta-network/theta-web-wallet-available-now-996867e10db) that if you do need to create a wallet, you should do so offline. As soon as you reach the wallet website, put off your data connection or switch on your airplane mode. Use the "create wallet" button to begin.

Then, you must download the encrypted Keystore file and create a password for your wallet. The encrypted Keystore file you just downloaded is what you would use to unlock your wallet each time you need to access it.

## Mnemonic/seed phrase and private key

Next is copying out the mnemonic/seed phrase and private key and storing them securely. This is because it is the only data you need to recover your Theta wallet should your Keystore file or wallet password be lost.

It is also advised to store these details safely offline and not online or in any cloud storage. After following these steps, you can connect your device to the internet and unlock your new wallet.

## How to connect an existing Theta wallet

To connect an existing wallet, you must upload your pre-downloaded Keystore file or enter your mnemonic phrase or private key. If you must upload your Keystore file, it is recommended that you go offline before uploading it.

Once the wallet is unlocked, you will get a message indicating that it is safe to connect to the internet and go to the wallet.
Now that you are in your wallet, you can check your THETA and TFUEL token balance. You can also send and receive tokens right from your dashboard.

[The Theta Docs](https://docs.thetatoken.org/docs/theta-web-wallet) page gives more insight and details the functionality of the wallet.


Theta Wallet - A Guide

The rise of various blockchain companies has brought a lot of advancement and progress in how we see and work with blockchain technology. However, due to the loss of several investments to shady companies and projects, there has also been a level of caution. [Cryptoland](https://cryptoland.is/) is one of the mega projects that has brought uncertainty and doubt to crypto lovers and investors.

## What is Cryptoland

The Cryptoland project comes off quite differently from other blockchain and [Metaverse](/news/article/web3-games) projects. The founders aim to create a physical community to fill the experience that online communities cannot offer. It is said to be a real-life island NFT project. The company is [reportedly](https://thenextweb.com/news/welcome-to-cryptoland-real-island-cryptocurrency-fans-analysis) founded and led by Max Olivier and Helena Lopez with this mission to unite crypto enthusiasts.

According to their website, it aims to build a powerful ecosystem of crypto enthusiasts for crypto enthusiasts. They claim the island will have co-working zones, incubators, hotels, restaurants, et cetera. According to the founders, it will encompass all facilities for the community to thrive.

## Is Cryptoland real?

Cryptoland majorly offers land for investment, which has drawn the attention of investors around the globe.

There is speculation about whether this is real or just another elaborate scam.

"We are building the number one crypto destination on earth," their website says as they make their ambitions known.

This audacity may not have put some fears away, as some people question the safety of the investment for various reasons.

It was originally planned to be an island in Fiji, but information about the purchase or ownership is yet to be publicly available. This also means that there is no information on whether the project has started or not.

The uncertainties around the project have caused several criticisms among well-known personalities.

Molly White, a well-known crypto sceptic, did research that included a [report](https://twitter.com/molly0xFFF/status/1478500436873293828) of her findings on Twitter and an [online conversation](https://www.youtube.com/watch?v=aAYSUpCmVd8) with the founders.

## Is investing in Cryptoland worth it?

Cryptoland says most people struggle to transition into a full-time crypto lifestyle because they are isolated, and their innovation will solve this problem.

The arguments have been on whether there is really a problem to solve, the profitability of the venture, and the sustainability of the same.

Many have bought into this project and do believe in it. The major investment that is being made is the purchase of land in this community.

The Blockchain Hills area, a part of the project, is [reportedly](https://twitter.com/molly0xFFF/status/1478515610585817091) worth about $1.3 million; however, little detail is given on whether it has been purchased and how it will be managed. The Blockchain Hill is to be sold as "King Cryptolander NFTs".

Amid this, Cryptoland continues to gain popularity and has not shut its doors to the public on its company mission of uniting crypto enthusiasts.



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Author: Samuel Oluwagbami

Author: Samuel Oluwagbami's Articles

Sologenic Price and the Future of Tokenisation

Theta Wallet - A Guide

Exploring the Cryptoland

Lil Pudgys Explained

Cryptocurrency News Predictions

Cardano Midnight: A New Privacy Blockchain