Blockchain platform Sologenic has launched a new program that would enable it to play a bigger role in the growth of XRP Ledger, the cryptocurrency exchange has said in a statement. According to the report, Sologenic said it is launching a bounty program for 10 qualified developers or entity.
This bounty would be covered by the SOLO Community Fund (SCF), however, it was not revealed the amount that would be disbursed in the program.
This will be covered through SOLO Community Fund (SCF). @realSologenic
— Bob Ras (@bobrasX) February 3, 2020
Sologenic is regarded as one of the top new blockchain projects which are expected to make a wave in 2020. The blockchain platform is built on XRP Ledger and aims to create a dynamic bridge between Crypto assets and non-blockchain based assets.
Sologenic Pushing through Major Developments ahead of its IEO
Sologenic which is the brainchild of Europe-based crypto-to-fiat exchanges and virtual currency wallet CoinField has made several developments in the past few months leading up to its IEO which is expected to hold between Feb 18th to 25th.
Last November, Sologenic launched its VIP Pre-sale of its native token SOLO, with more than 50,000 invitations. After the successful, Pre-Sale the platform moved towards developing its SOLO and XRP Wallet for Android and iOS devices.
On February 2nd, the CTO of CoinField Reza Bashash revealed that the wallet applications had been submitted to App Store and Google Play for review and would be launched after approval. This would be a major plus for the platform as it seeks to link cryptocurrency with traditional finance markets using XRP technology.
Sologenic allows users to trade XRP or SOLO against 30,000 tokenized Stocks and ETFs from over 20 global stock exchanges worldwide. The platform is also available in over 180 countries across the globe.
Sologenic potentials have been recognized within the crypto community and it was voted the DeFi Project of the year at the AI & Blockchain Summit in Malta last November. With its latest bounty offer, Sologenic has shown its willingness for further technical developments within XRP Ledger blockchain.