Coreum (CORE) 1st Airdrop Ratio for SOLO holders — Official Report

4 min readJan 5, 2022

The Sologenic Development Foundation (SDF) has created Coreum blockchain for the success of the Sologenic ecosystem. Many capabilities of Coreum have been designed to meet Sologenic’s roadmap and future expansion, for example, Tokenization of assets, Ultimate cost efficiency of the transaction and a native DEX with the synthetic order book.

Furthermore, SDF has decided to offer the CORE Airdrop exclusively to the Sologenic community and SOLO holders as the initial backers of the project.

There are 13 snapshots and 12 distribution scheduled for this airdrop.

According to the schedule announced, the first Snapshot was completed at block number “68552537” at 8:09:01 pm UTC on December 24th, 2021.
The second CORE Airdrop snapshot will be taken randomly between January 1st and 31st, 2022.

Only the SOLO holders that held SOLO on the decentralized wallets have been included for the first snapshots. However, the SDF team has started contacting all the centralized exchanges that have supported the SOLO airdrop to support CORE airdrop for their SOLO holders as well.

You can find the list of the participating exchanges in SOLO Airdrop from the below link.

List of exchanges: https://www.sologenic.com/participating-exchanges

WE STRONGLY ENCOURAGE ALL THE COMMUNITY MEMBERS TO CONTACT THESE EXCHANGES AND REQUEST THEM TO SUPPORT THE $CORE AIRDROP TO ENSURE ALL THE SOLOGENIC COMMUNITY MEMBERS WILL RECEIVE THE $CORE AIRDROP.

What’s the total number of SOLO holdings participating in the CORE Airdrop?

After our compliance team full review, we’re pleased to announce that there was no discrepancy and the total number of SOLO holdings participating in the 1st CORE Airdrop is:

Total SOLO holdings participated: 66,960,557.90332684 SOLO.

The final Airdrop ratio for the first Snapshot is as follows:

0.11487818998 $CORE per each $SOLO participated

The formulas used to calculate the airdrop ratio is as follow:

December 24th -31 2021 Snapshot #1:

(100,000,000 ÷ 13) ÷ 66960557.90332684 = 0.11487818998 $CORE per each $SOLO holding

Remember: The first distribution of the CORE airdrop will happen in February 2022 and will combine the first two snapshots as one deposit transfer together.

A total of 100,000,000 $CORE will be distributed to the $SOLO holders within 2022 every month gradually.

When/How will the CORE Airdrop be Distributed?

Each month’s airdrop will be distributed at the time of next month’s Snapshot at a random date and time to the $SOLO holders.

Since all $SOLO holders on the decentralized wallets automatically have a TrustLine with the Sologenic Gateway (Either by creating the trustline or by obtaining $SOLO through the DEX), they are NOT required to take any action to participate in the $CORE Airdrop.

At the time of the initial $CORE IOUs distribution on the XRPL, all participants must create a trustline with the Coreum gateway to receive the $CORE tokens deposits. More information on this will be released in late January 2022.

Here is the schedule for Snapshot and distribution of the $CORE Airdrop for the $SOLO holders:

What if you hold your $SOLO on Centralized Exchanges?

$SOLO holders who hold their assets on exchanges will need to periodically check and see if their exchanges are supporting the $CORE airdrop. You can find the list of the participating exchanges in SOLO Airdrop from the below link.

List of exchanges: https://www.sologenic.com/participating-exchanges

WE STRONGLY ENCOURAGE ALL THE COMMUNITY MEMBERS TO CONTACT THESE EXCHANGES AND REQUEST THEM TO SUPPORT THE $CORE AIRDROP TO ENSURE ALL THE SOLOGENIC COMMUNITY MEMBERS WILL RECEIVE THE $CORE AIRDROP.

When/How can I trade $CORE?

Initially, $CORE tokens will be distributed via an IOU on the XRP Ledger. However, once Coreum’s mainnet is launched in August 2022, users can conduct a token swap through a Gateway designated for the $CORE.

The $CORE tokens can remain and co-exist on the XRP Ledger. In addition, they may be traded on the Sologenic DEX, other XRPL DEX, and Partipcating Centralized Exchanges after completing the first distribution in February 2022.

How to stay tuned for further updates?

If you wish to receive more updates about the upcoming $CORE airdrop, we suggest you follow @CoreumOfficial and @realSologenic on Twitter.

What is Coreum?

Coreum is a 3rd generation, layer 1 Blockchain built to serve as a core infrastructure of future Blockchain applications.

The Coreum blockchain is simply the solution to improve all current weaknesses and provide developers with an essential infrastructure to build any decentralized app, from DeFi and Metaverse to Gaming & even asset tokenizations, banking & remittances in the financial industry.

Coreum interoperates with existing Blockchains while processing efficient, secure, fast and sustainable transactions. Get more info on www.coreum.com