Reading time: ~ 2 m
The Sologenic (SOLO) developers have said they are delighted with the amount of participation and exchange support for the Sologenic (SOLO) airdrop. Nearly 340,000 trust lines have been installed for a Sologenic gateway on XRPL, and more 28 leading centralized exchanges supported the airdrop.
The snapshot was successfully completed in block number «68552402» at 20:00:01 UTC on December 24, 2021 according to the announced schedule.
Sologenic’s compliance team has verified the top 1000 wallet addresses with the highest XRP volume, to ensure that the $ SOLO airdrop is delivered to the actual XRP holders.
The final distribution odds are as follows:
0,004456338205 SOLO for each participating XRP
1.2420448858 SOLO for each participating SOLO
The formulas used to calculate the distribution ratio are as follows:
XRP Distribution Amount:
(200,000,000 ÷ 2) ÷22,439,948,543,12233 = 0,004456338205 SOLO for each XRP holding
Number of Deals Solo:
(200,000,000 ÷ 2) ÷80,512,388,19228289 = 1,2420448858 SOLO for each SOLO holding
Airdrop of $ SOLO will begin January 20, 2022 at 20:00 UTC. 200 million SOLO will be unlocked and the system will process the transfers.
If you store your XRP and / or SOLO assets in decentralized wallets, wait for the deposits to appear in your wallets.
If you are storing your XRP and / or SOLO assets on a centralized exchange, please contact your exchange after January 20th to ensure that the airdrop is distributed in a timely manner by the exchanges.
You will need to make sure you have the following trustline configured to receive your airdrop.
Please note that if you purchased SOLO through DEX, you will still need to create a trust line to be able to receive SOLO when the distribution starts.
Information about the Sologenic Gateway Trust Line:
currency: 534F4C4F00000000000000000000000000000000
issuer: rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz
limit: 400000000
What if you were holding your XRP in Binance?
If you were holding your XRP in Binance at the time of the snapshot, you will receive SOLO to your account in your personal account.
Please note that Binance SOLOs will initially be listed on the Binance Smart Chain.
The SOLO team builds a wrapped SOLO using the BEP20 standard on BSC, which allows users to trade SOLO on Binance DEX as well as be able to use SOLO on DeFi apps.
More details on SOLO and Binance Smart Chain will be announced shortly.
#Distribution #SOLO
