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CoinField Starts One Week SOLO Token Pre-Sale
CoinField has launched its SOLO Token Pre-Sale today, which started at 6 pm UTC (10 am PST). The pre-sale will run December 9-16, 2019. A limited number of participants will be able to purchase a total of 40 million SOLO tokens at a discounted rate, ahead of the public sale in Q1 2020.
Last month, CoinField sent out 50,000 invitations to the Sologenic VIP community members who needed to sign up for a CoinField account, pass the KYC verification process and successfully fund their account before December 6, 2019, to join the pre-sale.
Built on top of the XRP Ledger, Sologenic was unveiled at the Malta AI & Blockchain Summit in November, where it was nominated as “DeFi Project of the Year.”
“I have to say that from all the projects in 2019, this one, in particular, caught my eye for various reasons. The first one being that this is an ambitious project that aims to revitalize the trading industry through a blockchain-only solution, and the second being the innovative use of XRP Ledger technology to make it all happen. I’m confident that with Sologenic’s stellar direction, this will be one of the projects to shake things up moving into 2020,” said Eman Pulis, CEO of SiGMA and Malta AI & Blockchain Summit.
Since its inception, the Sologenic project has attracted keen attention from the XRP community and initiated widespread discussions on the tokenization of assets through XRPL.
“I’m very pleased to finally see a project utilizing some of the greatest features of the XRP ledger. I believe the XRP ledger is a great (if not the best) choice to open up the world of stocks and ETFs to cryptocurrency users, utilizing the XRP ledger’s speed, low fees and amazing features like the built-in decentralized exchange,” said Wietse Wind, founder of XRPL Labs and adviser to Sologenic.
During the SOLO VIP Pre-Sale, all purchases must be made via USDT, USDC, or XRP. Users may also deposit fiat and convert to USDT, USDC, or XRP to participate.
Sologenic is an ecosystem built on top of XRP ledger that merges traditional financial markets with crypto assets. The ecosystem tokenizes over 30,000 stocks and ETFs from global stock exchanges such as Nasdaq, NYSE, Tokyo, London, and more. It deploys SOLO coins for market-making and liquidity, providing purposes to operate. SOLO holders receive a wide range of benefits such as Crypto Cards, Staking Rewards, Community Funds, Expansion Funds, and participation in different decision making events. Learn more on https://www.sologenic.com.
CoinField is a regulated European based fiat-to-crypto exchange, which operates in 193 countries globally. The platform supports the top six fiat currencies and a large number of digital assets. Learn more on https://www.coinfield.com.
Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.
US dollar index retreats
Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.
The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.
Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.
At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.
“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”
“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…
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