Another DEX to appear on Ripple XRP Ledger

Another DEX to appear on Ripple XRP Ledger

A project based on the Sologenic Ripple XRP Ledger is about to release a decentralized trading platform with advanced features.

Sologenic, a blockchain ecosystem focused on the Ripple XRP Ledger, is a few inches closer to launching its decentralized exchange. In addition to the XRP token and Sologenic’s own coin, SOLO, this DEX will support the storage and transfer of tokenized real assets.

According to an official statement from Sologenic co-founder and Coinfield CEO Bob Race, the decentralized trading tool from Sologenic on its main network will be activated on March 29, 2021. He emphasizes that his team was focused on creating an easy-to-use product suitable for the storage and transfer of XRPL-based assets.

This release supports PayString (formerly PayID) technology, which allows Universal Readable IDs to be used for payments in XRP Ledger. This integration is made possible through the collaboration with the PayMe app. Deals on Sologenic DEX will close in three seconds. Both web and mobile apps will be multilingual: the team is announcing support for English, Spanish, Japanese and other languages.

In addition, Sologenic DEX will interoperate seamlessly with other end-user tools for the Ripple XRP Ledger; namely XUMM non-custodial service, Ledger hardware wallets and so on.

It was previously known that Ripple XRP is strengthening decentralization with a new validator.

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