Bitrue will be listing Sologenic SOLO on November 25 at 11:00 UTC. An initial trading pair of USDT will go live at this time with the possibility of more pairs to be added should the coin prove to be popular.
You'll want to stock up on SOLO early because Bitrue will also be assisting the Sologenic team with an upcoming airdrop! The airdrop will be going out to users on Bitrue who hold XRP and/or SOLO. If you wish to take part then make sure that you have either (or both) of these tokens in your portfolio on Bitrue at the snapshot time of 20:00 UTC on December 24th 2021.
More information about the airdrop rationale direct from the project team can be found at their official blog.
Bitrue will conduct two separate airdrops - one according to users' XRP balances, and one according to users' SOLO balances at the snapshot time of 20:00 UTC on December 24th 2021.
The amount of SOLO that any user will receive will be determined according to the formula:
Amount received = Amount of XRP owned at snapshot time / Total XRP held by Bitrue at snapshot time * Total SOLO received by Bitrue in the airdrop pertaining to XRP balances.
Amount received = Amount of SOLO owned at snapshot time / Total SOLO held by Bitrue at snapshot time * Total SOLO received by Bitrue in the airdrop pertaining to SOLO balances.
If you wish to maximize your rewards, be sure to add and hold more XRP and SOLO into your Bitrue account before the snapshot time. XRP is available now for trading with SOLO coming soon. Users must hold the equivalent of $10 USDT in either XRP or SOLO to qualify for their respective airdrops. Any XRP pledged as collateral for a Bitrue loan will NOT be eligible to receive this airdrop. Any XRP or SOLO in open orders will also NOT be eligible. The snapshot process may take up to 1 hour to complete, any funds that are sold, moved, or interacted with in any way during this time may not be counted correctly. We advise users not to touch their coins during this time.
The actual distribution for SOLO is planned to occur before the end of 2021, details to follow.