CoinField is in the news this week yet again, with its VIP SOLO pre-sale invitations going to first 50,000 participants. CEO Bob Ras and his team’s brainchild Sologenic will be gaining momentum when the VIP pre-sale officially starts on December 9. The pre-sale will be run exclusively on the CoinField exchange @CoinFieldEX
Just a couple of weeks ago Sologenic made a splash in Malta during the annual Malta’s AI and Blockchain Summit – when the highly anticipated project was first unveiled to the public during a keynote speech from Bob Ras. Now the company is reporting that it still has some limited spots on its waiting list for the VIP SOLO pre-sale, which will run for 1 week only (Dec 9-16).
CoinField’s team says the company will distribute only 40 million SOLO tokens at a discounted rate in December, while the main public sale will be held in Q1 2020. To take part in the pre-sale, VIP users must set up a CoinField account, pass a KYC verification, and fund their accounts by December 6.
CoinField says SOLO tokens can be bought with USDT, USDC, or XRP during the pre-sale. Alternatively, fiat deposits could be converted to USDT, USDC, or XRP for transactions.
Sologenic was first announced on October 15, but Ras is saying the project has been in the making already for over 6 months. It is built on top of the XRP Ledger (XRPL) and will allow to tokenize over 30,000 stocks and ETFs from top 25 global stock exchanges. Per Sologenic, SOLO coins will be used for market-making and liquidity; SOLO holders will get a wide range of benefits: crypto cards, staking rewards, community funds, and expansion funds. Among Sologenic’s advisors there are many industry experts, such as the co-founder of XRPL Labs Wietse Wind.
CoinField is currently listed as one of the top 20 crypto exchanges by CryptoCompare. It is a regulated fiat-to-crypto exchange that supports top six fiat currencies and a wide variety of digital assets. Its 24 hr trading volume is currently around $10 mln, per CoinMarketCap.