How to buy Sologenic (SOLO) in Australia

Sologenic
SOLO- USD
$0.23
- $0.03 ( - 12.42%)

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How to buy Sologenic

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Sologenic.

  1. Open an account on an exchange that supports SOLO.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Sologenic.
  3. Buy Sologenic.
    Complete your Sologenic purchase and then find the best wallet to store SOLO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Sologenic?

Sologenic is one of many projects seeking to act as a bridge between the crypto world and traditional financial assets. According to Coinspeaker, it works by allowing users to tokenise their assets by "converting" them into SOLO tokens which are hosted on the Ripple ledger. They can then be traded on the Sologenic decentralised exchange.The network works by creating stablecoins based on the "real world" assets that are being traded, with SOLO, the utility token for the whole platform, there to provide liquidity and allow for market-making. In practice, they exist to facilitate trading in stocks, commodities and ETFs (exchange traded funds) on their DEX, along with delivering staking rewards. These are offered only via the CoinField exchange, are distributed daily, and Solocentric promises rewards equivalent to between 6 and 205 APR.

Sologenic (SOLO) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Sologenic is $0.232154, which is -11.288% lower than yesterday. Prices have ranged between $0.27024 and $0.22646 over the past 24 hours. All prices are listed in US dollars and accurate as of October 18, 2021 03:10 UTC.

Where to buy Sologenic

Find an exchange to buy, sell and trade SOLO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinField Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer, Credit or Debit Card, SEPA, EFT, Faster Payments (FPS)
USD, EUR, CAD, GBP, JPY, AED

24
cryptocurrencies

Canadian-founded Bitcoin and cryptocurrency exchange available in 193 countries.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

657
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
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Compare up to 4 providers

Sologenic at a glance

Information last updated October 18, 2021 03:10 UTC.
Coin symbolSOLO
Coin MarketcapN/A
Total SOLO supply400,000,000
Current priceUS$0.232154
All time highUS$1.95
All time high dateApril 19, 2021
Notable team membersBob Ras, Reza Bashash
PartnershipsXUMM
IndustryAsset tokenisation
Token usesUtility token
NetworkXRP Ledger

Sologenic price performance over time

Historical prices compared with the price of US$0.232154.

1 hour -0.37%
24 hours -11.29%
7 days -66.31%
14 days -73.81%
30 days -77.25%
60 days -77.07%
200 days -84.40%
1 year -71.38%

How to sell Sologenic

You can cash out your SOLO with the same exchange you bought it through:

  1. Sign in to the exchange you have SOLO on.
    If you store your Sologenic in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of SOLO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Sologenic.

What to consider when buying Sologenic

Decentralised exchanges aren’t exactly thin on the ground in the crypto space – so what are the things you should look out for when deciding which one to invest in?
  • Real world use-cases. Sologenic’s main point of difference is that it’s built on the Ripple ledger. Ripple is aimed at institutional use and has been working in the cross-border payments sphere for some years now. The main point of Sologenic is that it can provide high levels of speed and reliable transaction settlement times. Aside from trading tokenising assets, they are also set to offer payments cards and a brokerage solution.
  • Availability. At the time of writing (June 2021), outside the Sologenic ecosystem the SOLO tokens can only be traded on 11 exchanges, and they are not available on the most popular players like Binance or Coinbase.
  • Project development. Sologenic is an ambitious project attempting to revolutionise the trading of assets across borders. While this is promising, it’s best to quell these expectations and see it instead as an exchange solution that takes the strengths of the Ripple network and builds on them to allow a speedy trading experience, while following the progression of the protocol.

Disclaimer: Cryptocurrencies, including Sologenic, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SOLO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Sologenic or any other cryptocurrency discussed.

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