Sologenic Price Prediction, History, and More
Non-fungible tokens (NFT) have garnered much discussion in recent years. These digital assets are meant to be unique, tradable, and potentially valuable depending on the asset itself. Though they have been available to buy through certain platforms, access to them has been something of a challenge.
That is where Sologenic is hoping to change the game. As experts attempt to make a Sologenic price prediction, its adoption and the growth of the NFT marketplace bear close observation. Sologenic offers the chance to tokenize real-world assets and trade them within the Sologenic NFT Marketplace, which operates on the Ripple XRP Ledger.
Though it has been around since 2019, experts are only now starting to show bullish feelings about Sologenic. Read on to find out more about what Sologenic is, how it works, its historical pricing, what makes it unique, and so much more.
What is Sologenic (SOLO)?
Sologenic is a decentralized digital asset exchange (DEX) that allows for the tokenization of real-world assets. These assets include more traditional things like commodities, ETFs, stocks, and even real estate. In the growing non-fungible token (NFT) demand makes a platform like Sologenic more valuable than ever.
The Sologenic ecosystem operates within the Ripple XRP Ledger, which makes it safe and transparent with low transaction fees. That said, one of the things that makes Sologenic unique is that it has no gas-fees, toppling the barriers for creators that would have otherwise been far too expensive.
Users of Sologenic have access to more than 40,000 assets from more than 30 different global stock exchanges across Asia, Europe, North America, and Oceania. Users are able to browse, access, and trade those assets within the decentralized Sologenic exchange.
Who are the Founders of Sologenic (SOLO)?
Created in 2019, Sologenic is the creation of co-founders Bob Ras and Reza Bashash. Ras is an investor and entrepreneur with a background in blockchain and manufacturing technology. Ras is also a co-founder of Coreum and a partner at CoreNest Capital, both of which he has partnered with Bashash.
The company is based out of Tallinn, Estonia. The duo also founded the Sologenic Development Foundation (SDF), otherwise known as the SOLO Core team, which is a separate entity. The SDF is made up of independent developers that contribute to the Sologenic ecosystem through a plethora of open-source use cases and projects as it relates to the SOLO token.
What Makes Sologenic (SOLO) Unique?
Behind any great product is a series of features that makes it unique. Sologenic is no different in that respect. Its core technology may not necessarily be groundbreaking, but its platform is attempting to spearhead a movement toward stability and transparency within the NFT marketplace.
Asset Tokenization
Without a doubt, the single most important aspect of Sologenic is its use as an asset tokenization platform. Through the Sologenic NFT Marketplace, users can create digital tokens based on real-world assets. Things like ETFs, fiat currencies, and stocks, among other things, are available to be tokenized.
In addition to being able to tokenize those assets, users can then manage, trade, and buy assets within the Sologenic NFT Marketplace. It creates the opportunity for users to access a broader range of assets, more than 40,000 in total. Additionally, users can manage their assets easily. With no gas-fees required, the barriers of access have been taken down, allowing more creators to enter the fray and create their own digital assets.
Decentralized Exchange (DEX)
One of the major selling points of Sologenic is that it operates as a decentralized exchange. That immediately means not having to deal with a centralized entity, providing users with greater control and autonomy than would be possible on a major centralized asset exchange.
Operating a decentralized exchange also means freedom from censorship since they operate on smart contracts. Permissionless trading, improved privacy, access to a wide range of tokens, and direct control over funds are just some of the many benefits for users when it comes to being part of a decentralized exchange.
Operates on the XRP Ledger
The security of the Sologenic NFT Marketplace is based largely upon being on the XRP Ledger. Known for being fast, scalable, and having some of the most affordable transaction fees, the XRP Ledger has proven to be the perfect home for the Sologenic NFT Marketplace.
Having the backing of the XRP Ledger, users can access Sologenic’s decentralized exchange (DEX) seamlessly. Using a Proof-of-Solvency mechanism, independent auditing can be done on the platform’s reserves, enhancing investor confidence while also promoting transparency in the platform.
Deflationary Mechanism
Though it is not necessarily unique to Sologenic, a deflationary mechanism has proven to be crucial to limiting the total supply of a token. Essentially, this means that a mechanism has been put into place to burn SOLO tokens at a determined rate to reduce the total supply of the token.
As it stands, 100% of transaction fees on the Sologenic platform are burned. The goal is to contribute to the overall value of the SOLO token by reducing the number of tokens in circulation. With a total supply of 400 million SOLO tokens at creation, there are new roughly 1 million fewer tokens in circulation.
How Many Sologenic (SOLO) Coins are There in Circulation?
One of the biggest determining factors of a token is its maximum and circulating supply. The max supply of SOLO is 400 million tokens. Since its release in 2019, just north of 399 million SOLO tokens have been released into circulation.
Trading at a current market price of $0.2 67 per token, we can determine both the market cap and fully diluted valuation of SOLO. SOLO has a burn rate on its token, so there are actually fewer than the max supply now available. Currently, there are 399.198 million SOLO tokens in circulation.
How is the Sologenic Network Secured?
The security of any network is paramount to users and investors alike. The security of Sologenic comes down to three different factors: the XRP Ledger, platform security features, and user responsibility.
XRP Ledger
The single most important piece of Sologenic’s network security is being hosted on the Ripple XRP Ledger. Known for blazing transaction speeds and its robust security features, users can operate with confidence knowing that it is a safe option.
The XRP Ledger is not only totally decentralized, but completely permissionless. With no single entity in control, all transactions are public, and the Ledger features a trust line mechanism. Users need to pass an AML/KYC verification before they can even hold assets on the platform, let alone trade them. This is just another layer of security and fraud prevention.
Proof-of-Solvency
Though it helps to be on the XRP Ledger, it cannot be the only security feature of a viable platform. The transactional-based database is a nice aspect that helps create a more secure transaction environment. Transactions are stored only after commitment and confirmation.
The focal point of Sologenic’s platform security is the Proof-of-Solvency mechanism. This allows anyone to verify the value of underlying assets and audit reserves. The use of PoS is to promote transparency while building trust of users on the platform.
Community Responsibilities
The community also takes part in the overall security of the Sologenic platform. Through self-custody, users that store their SOLO in wallets on the exchange are personally responsible for managing those wallets, typically through a private security key.
Additionally, there are authorized trust lines in use as well. Through the Sologenic ATP, users are able to hold assets and make trades with complete security. Front-end requests go through proxy, CDN, cashing, and firewall services in order to make the platform as secure as possible.
Sologenic Ecosystem
Unlike other blockchain technologies, Sologenic has a very specific focus of its services. The Sologenic ecosystem is comprised of a decentralized exchange (DEX) with a focus on the tokenization of real-world assets like stocks, ETFs, real estate, and more.
Operating on the XRP Ledger, the Sologenic NFT Marketplace is the place to tokenize, trade, and buy NFTs. Users can store their NFTs within a SOLO wallet or connect via a cold storage device in order to transfer assets to and from the DEX.
FAQs
What can Sologenic be used for?
The primary function of Sologenic is to tokenize real-world assets into digital assets or non-fungible tokens (NFTs). Things like ETFs, commodities, stocks, real estate, and more can be tokenized by users while also offering an exchange that allows them to participate in fractional trading of those assets.
What is the highest and lowest price for Sologenic (SOLO)?
Akin to most other cryptocurrencies, Sologenic’s native token SOLO has had a volatile history. The best way to see that is by taking a closer look at the all-time highest and lowest prices of the token.
SOLO managed to reach an all-time high of $6.55 per SOLO token, while its all-time low is $0.06172. Currently, SOLO is trading at -95.92% of its peak, though it is roughly 332% higher than its lowest all-time price.
What is the history of Sologenic?
Initially founded in 2019, Sologenic is based out of Tallinn, Estonia. It was founded by Bob Rasa and Reza Bashash in order to provide a platform for asset tokenization as well as decentralized finance (DeFi) exchange services for crypto trading.
Under the Sologenic umbrella is the Sologenic Development Foundation (SDF). Also known as the SOLO Core Team, this group is made up of independent developers who make contributions to the Sologenic ecosystem through a number of open-source projects, use cases, and more as it relates to the SOLO token.
Is it safe to invest in Sologenic?
Like most cryptocurrencies, Sologenic has inherent volatility. The market for crypto has always been one of steep climbs and massive falls, but Sologenic has remained relatively reliable going back to 2023.
In 2025, Sologenic (SOLO) has had an average price of roughly $0.2672. Industry experts expect to slow but steady climb in coming years. Some even think that it can approach the $1.00-per-token threshold by 2035 based on current industry factors and variables.
What are Tokenized Assets with SOLO?
One of the features that makes Sologenic unique is that it offers asset tokenization. This profess involves converting real-wrold assets – things like commodities, ETFs, and stocks – into digital tokens. When they have been converted, those tokens can then be traded within a decentralized exchange platform.
Sologenic lets users tokenize their assets in an on-demand format. There are fewer barriers when it comes to requesting the tokenization of specific assets, then being able to trade them as part of the Sologenic ecosystem.
What is the Sologenic NFT marketplace?
As the non-fungible token (NFT) market continues to grow, organizations are rising to meet the growing demand. The Sologenic NFT marketplace is hoping to be the premier platform when it comes to minting and trading NFTs with no gas-fees all on the XRP Ledger.
The Sologenic NFT Marketplace hosted an early access period prior to its release. A group of 150 creators from all around the world were selected and invited to create and mint the very first NFTs on the Sologenic NFT marketplace. The Sologenic NFT Marketplace has eight different categories, including film, music, sports, and motion graphics. With no gas-fees, the entry barrier for creators has been destroyed, allowing creators to mint their artwork without having to deal with traditionally high costs.
