TALLINN, Estonia, Jan. 08, 2022 (GLOBE NEWSWIRE) -- The Sologenic team reported a great amount of participation and exchange support for the airdrop with almost 340,000 Trustlines established to the Sologenic’s gateway on the XRP Ledger, and more than 30 top centralized exchanges supporting that including, Binance, Okex, Houbi, Bithumb, Upbit, Bybit, Bitpanda, Uphold and more.
The snapshot was successfully completed at block number “68552402” at 8:00:01 pm UTC on December 24th, 2021 according to the schedule announced.
According to the official report, the total holdings that successfully participated in the SOLO Airdrop were 22,439,948,543.12 XRP, and 80,512,388.19228289 SOLO. Considering that the total Circulating Supply of XRP is 45,577,198,013, the holdings participating correspond to almost half of the XRP circulating supply.
As the demand for XRP sparked with the SOLO Airdrop popularity, some high volume transactions were detected by Whale Parser, including the movement of 449.3M XRP on December 19 in two separate transactions by one single entity.
The Airdrop ratio was calculated by dividing the 200M airdrop supply in two; one half for XRP holders, one for SOLO holders, and then dividing each amount by the total holdings that participated for each token. This formula provided a ratio of 0.004456338205 SOLO per each XRP Holding, and 1.2420448858 SOLO per each SOLO Holding.
The distribution will start on Jan 20th, 2022 at 8:00 PM UTC with 200M SOLO being unlocked and transferred by the system. The XRP and SOLO holders on decentralized wallets will have to allow some time for the deposits to appear. And for holders on the centralized exchanges, the distribution is expected to start after Jan the 20th.
With great exchange support on the SOLO Airdrop, the Sologenic team has disclosed that it remains in contact with these exchanges, and various new ones, for the listing of the SOLO token within the first quarter of 2022.
About Sologenic
The “Sologenic Development Foundation” is an independent community of developers with the passion of making the Sologenic Ecosystem successful. It consists of developers who are actively working on various open-source projects and use cases around the SOLO.
Contact
Favio Velarde
press@sologenic.org
FAQs
Well, to join the top 1% of all XRP accounts you must hold at least 73,733 XRP. Really, I'm kind of surprised at how do-able that sounds. I mean, why would you put a down-payment on a house when you could become a Ripple whale.
Is sologenic on xrpl? ›
Access a diverse array of stocks from the world's Top 30 global exchanges and seamlessly trade them on the XRPL Testnet along with blockchain-based assets within the Sologenic Ecosystem.
Can XRP hit $1000? ›
At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.
Is it possible for XRP to reach $10,000? ›
It's pretty clear that XRP will never reach a price of $10,000, as the coin's market capitalization would be unrealistically large at that price. The only way 1 XRP could be worth $10,000 would be through a massive coin burn program or a redenomination of XRP.
How high can XRP go? ›
The “best-case” price target set by the X user is in the range of $16-$20, while the “worst-case” one is between $4 and $7 with a timeframe of one year from today. It is worth mentioning that a price of $20 would require XRP's market capitalization to explode to approximately $2 trillion.
How many people have 5000 XRP? ›
According to the latest data available, there are approximately 10,000 XRP accounts holding between 5000 and 10000 XRP. This represents a small percentage of the total number of XRP accounts in existence.
How many people hold 10,000 or more XRP? ›
XRP: Over 270K Wallets Hold 10K+ Tokens Amid Recent Price Surge | CryptoNewsLand on Binance Square. A record 277,620 XRP wallets now hold over 10,000 tokens, indicating increased participation from major investors and whales.
Does Sologenic have a future? ›
The Sologenic price prediction for 2025 is currently between $ 0.095292 on the lower end and $ 0.111432 on the high end. Compared to today's price, Sologenic could gain 15.54% by 2025 if SOLO reaches the upper price target.
What does Sologenic want to become? ›
Sologenic is transforming the blockchain landscape by integrating traditional finance with decentralized finance (DeFi) technologies, offering unique features that cater to various users' needs.
Will Coinbase list Sologenic? ›
Sologenic can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sologenic.
Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.
How many sologenic tokens are there? ›
It has a circulating supply of 200,001,808 SOLO coins and a max. supply of 400,000,000 SOLO coins.
How many XRP tokens will there be? ›
XRP has a circulating supply of 56.10B coins and a max supply of 99.99B XRP.
How many wallets have 10,000 XRP? ›
According to BlockBeats, on July 31, Santiment reported on the X platform that the number of wallets holding at least 10,000 XRP has rapidly increased over the past five weeks. This figure has now risen to 279,400, marking a six-month high.
