Canadian based crypto exchange CoinField has declared that its much anticipated XRPL-based project Sologenic would be launched at the upcoming AIBC Summit in Malta, a report affirms.
Nominated for “Defi Project of the Year” award at the blockchain conference, CoinField will officially unleash the project at the summit slated for November 7-8.
This year’s AIBC event, flagged as the largest blockchain conference for 2019, will feature the Medical Cannabiz World, 400 innovative exhibitors, 10,000+ eager delegates and over 1000 investors.
The CEO of CoinField Bob Ras will also attend the event, address the audience on November 8 as a keynote speaker. Participants are enjoined to visit Booth 9 at the summit for more exclusive information about the project.
The Livestream of Ras’ keynote speech would be made available via Twitter @CoinFieldEX account.
Afterward, the distribution of SOLO tokens to the public will take place in two phases. VIP Pre-Sale will hold on December 9-16, 2019 with a 12.5% discount, and SOLO IEO sale will begin in early Q1 2020.
CEO Bob Ras is to address the need for linking the traditional finance with blockchain technology at the event. He said the Coinfield’s goal was to ensure that people can seamless have access to various global stock exchanges via the blockchain.
“Sologenic tokenizes stocks on the XRPL on demand and allows to trade them against any cryptocurrency. We believe we are paving the way to the mass adoption of crypto.”
Even before its launch, Sologenic has been creating ripples in the finance industry. In an interview with TechBullion, Ras explained how trading would be performed on Sologenic platform.
“Users can trade the tokenized assets during the stock exchange market hours on CoinField’s centralized exchange at the same price as the market. If it is after hours, users can trade on the Decentralized exchange”, Ras said.
Sologenic card will also be rolling out in Q1 2020. Revealing to NewsLogical, the CEO said Sologenic aims at making people drop traditional credit and debit cards for SOLO cards.