Sologenic (SOLO) Airdrop Ratio for XRP and SOLO holders — Official Report

We’re thrilled with the amount of participation and exchange support for the Sologenic (SOLO) airdrop. Almost 340,000 Trustlines were established to the Sologenic’s gateway on the XRPL and more than 28 top centralized exchanges have supported the airdrop.

The snapshot was successfully completed at block number “68552402” at 8:00:01 pm UTC on December 24th, 2021 according to the schedule announced.

The Compliance team at Sologenic has reviewed the top 1000 wallet addresses with the most $XRP holdings to ensure that the $SOLO Airdrop goes to the actual $XRP holders.

After our team’s review, we’ve found out that some wallet addresses are believed to be owned by certain exchanges that did not announce the Airdrop support; however, they’ve created a trustline to claim the Airdrop. As a result, we’re glad to inform you that we’ve excluded the following wallet addresses from the Airdrop:

This will bring us to the following final XRP and SOLO holdings that successfully participated in the $SOLO Airdrop:

Total XRP holdings participated: 22,439,948,543.12233

Total SOLO holdings participated: 80,512,388.19228289

The final Airdrop ratios are as follows:

0.004456338205 SOLO per each XRP participated

1.2420448858 SOLO per each SOLO participated

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

XRP Airdrop Amount:

(200,000,000 ÷ 2) ÷ 22,439,948,543.12233 = 0.004456338205 SOLO per each XRP Holding

SOLO Airdrop Amount:

(200,000,000 ÷ 2) ÷ 80,512,388.19228289 = 1.2420448858 SOLO per each SOLO Holding

When will the SOLO Airdrop be distributed?

The $SOLO airdrop distribution will start on Jan 20th, 2022 at 8:00 PM UTC. We will unlock the 200M SOLO and the system will process the transfers.

If you hold your XRP and/or SOLO assets on decentralized wallets, please allow some time for the deposits to appear on your wallets.

If you hold your XRP and/or SOLO assets on a centralized exchange, please get in touch with your exchange after Jan 20th to make sure the airdrop will be distributed by the exchanges in a timely manner.

What if you held your XRP in a private wallet?

You will need to make sure that you have the following trustline set to receive your airdrop.

Please note that if you had bought SOLO through DEX, you will still need to create a trustline to be able to receive your SOLO when distribution starts.

Sologenic Gateway Trustline info:

currency: 534F4C4F00000000000000000000000000000000
issuer: rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz
limit: 400000000

What if you held your XRP on Binance?

If you held your XRP on Binance at the time of the snapshot, you will receive your SOLO airdrop in your Binance.com account. Please note that the SOLO in Binance will initially be withdrawable to the Binance Smart Chain. The SOLO team is creating a wrapped SOLO using the BEP20 standard on BSC which allows users to trade SOLO on the Binance DEX as well as be able to use SOLO in DeFi applications. More info about SOLO and Binance Smart Chain to be announced soon.

--

--

--

Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs. www.sologenic.com and www.sologenic.org

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

WHAT YOU NEED TO KNOW ABOUT OPENOCEAN

AMA Recap | All you need to know about MeebitPigs and the VirgoX NFT Auctions

1,000+ users after launching SOBA platform prebooking event!

Former Bitcoin Hater, MicroStrategy Points the Way to Follow for Big Companies in the Future

Bitcoin Price Briefly Hits $5,920 Before Minor Correction; Factors For Another Rally

Polygon Partners with Vera to Bring Decentralized NFT Rentals, Lending, and Mortgages to its 100+…

Coin Talk #63: 🐑 Ska, Selling Out, & the Bitcoin ETF

What are NFTs and How Do They Benefit Us?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Sologenic

Sologenic

Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs. www.sologenic.com and www.sologenic.org

More from Medium

What is MetaMask?

Announcing the winners of SCF #9!

Coming Soon to Luna in February

🍨 Catjam is live on Sundaeswap! 🍨