Sologenic (SOLO): D-Score 32/100 — Centralized Leaning

BlockIndex D-Score: 32/100 (Centralized Leaning). Sologenic (SOLO) is a Layer 2 cryptocurrency using Other consensus. Sologenic: XRPL-native token ecosystem with BEP-20 liquidity, DEX/AMM, NFT marketplace and deflationary fees.

Source: https://blockindex.ai/coin/solo · Data by BlockIndex.AI · Updated 2026-06-19

D-Score breakdown (0-100, higher means more decentralized)
Component: Score: Overall D-Score: 32: Node distribution: 0: Initial distribution: 0: Governance: 21: Age and history: 11: Autonomy: 0: Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other
- Founder: N/A
- VC funded: No
- Max supply: 25,800,000
- Circulating: 12,899,969 (50.0%)

Market data (as of 2026-06-19)
- Price: $0.63
- Market cap: $8.11M
- 24h volume: $0
- 24h change: +0.22% · 7d change: +3.09%

About
Sologenic (SOLO) is a hybrid token-and-ecosystem project that blends XRPL-native issuance and trading with a BEP-20 token representation on BNB Chain to provide additional liquidity and access via EVM-compatible tooling. The platform centers on an XRPL-based DEX and AMM front end, a token hub for issuing XRPL-native assets (IOU-style tokens), an NFT marketplace, and a suite of developer tools including an NFT SDK and GitHub-hosted repositories. Sologenic emphasizes mainstream accessibility through fiat on-ramps, card partners, and a mobile-first SOLO Wallet and DEX app aimed at self-custody trading. The project materials stress a deflationary economic model in which 100% of transaction fees collected by the system are burned to a gateway blackhole address, and they describe liquidity provider reward programs offering variable annualized yields.

Technically, Sologenic is not a standalone layer-1 blockchain: its core issuance and DEX functionality runs on the XRP Ledger, while an actively traded BEP-20 representation of SOLO exists on BNB Chain to enable broader exchange listings and DeFi integrations. The documentation and extracted materials highlight features such as an XRPL ↔ Coreum bridge callout, an Inter-Chain Bridge product page, and integration points for NFT minting and trading. Public developer resources are available on GitHub and within official documentation pages, though granular low-level chain metrics specific to SOLO (e.g., token decimals, chain ID for the BEP-20 instance, precise launch date) are not present in the supplied excerpts.

From a tokenomics perspective, SOLO has a max supply of 400,000,000 SOLO with circulating supply reported at ~398.77M (≈99.69% of max). Market snapshots included in the provided material show active market activity, an ATH of $6.63 (Dec 02, 2021), and market-cap/price snapshots near $0.14 and ~$55.85M respectively in the cited extracts. The project highlights product-level adoption metrics in marketing copy (claims such as >2M weekly DEX views and ~150k–250k weekly transactions appear in different statements), and it promotes developer outreach via grants and SDKs to grow listings, liquidity and usage. No explicit premine/PIP/ICO allocation figures were included in the provided files; in the absence of explicit pre-issue-percentages or premine statements the extraction defaults those distribution metrics to conservative values.

Governance and organizational structure are centered around the Sologenic Development Foundation Limited (registered in Ajman, UAE) which appears in legal and contact text on the site; the materials describe developer-led decision-making for listings with proposals and community voting discussed as an intended decentralization path but do not document a full on-chain DAO or on-chain governance contract. Public market aggregators (CoinMarketCap, CoinGecko, CryptoCompare) and community channels (Twitter, Telegram references) provide visibility and analytics; no security incidents or network freezes are documented in the supplied excerpts. Overall, the supplied materials portray Sologenic as an XRPL-native issuance and trading ecosystem with a BEP-20 liquidity token, a deflationary fee-burn model, and a product-focused roadmap emphasizing developer tooling and mainstream access.

Links
- Website: https://sologenic.org/
- Whitepaper: N/A
- GitHub: https://github.com/sologenic

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore