OKX Will Support the Sologenic (SOLO) Airdrop Program for XRP (XRP) Holders
OKX will support the Sologenic (SOLO) Airdrop Program for XRP (XRP) holders. The snapshot for the airdrop will take place at the first XRP block with a timestamp greater than or equal to 2021-12-24 20:00 (UTC). OKX will take a snapshot of XRP tokens held by OKX users at the above time. The airdropped SOLO amount for an eligible user will be determined by the formula below:
Amount received = Amount of XRP owned at the snapshot time / Total XRP held by OKX at the snapshot time * Total SOLO received by OKX in the airdrop
Snapshot Time：
The snapshot for the airdrop will take place at the first XRP block with a timestamp greater than or equal to 2021-12-24 20:00 (UTC). The snapshot time is expected to last 15 minutes. Due to the fluctuation of the market, please avoid transferring funds, trading or any other actions during the snapshot, your account XRP equity is subject to the snapshot. A further announcement will be given after the snapshot ends.
Snapshot scope: Trading account (Unified account), Classic account (Spot, Margin, Coin-margined Perpetual Swap account, Futures account), Funding account, Finance module.
Rules
When the snapshot is taken, please be sure to deposit and withdraw in advance. It will not be included in the snapshots if XRP is in the middle of processing withdrawal or deposit.
In order to be eligible to receive the SOLO airdrop, the minimum amount of XRP held in each user’s OKX account must be at least 10 XRP (excluding those in pending trade orders).
If the user borrows XRP in the margin platform, even if it is transferred to the spot account, OKX will not count this part of the position.
If you have any outstanding XRP loan over the snapshot time (including negative XRP equity on unified accounts), you will have to repay the airdropped $SOLO. If you fail to repay the $SOLO generated by the outstanding XRP, we would limit your transfers and withdrawals, and deduct your asset equivalent to US dollars (calculation: It will be calculated by our real time price of $SOLO on OKX if we list it, otherwise we would take the fair price as reference according to the market if we do not list $SOLO). Your account might subsequently be locked if your negative balance is too big. If you don’t want to deal with the extra $SOLO repayment, please repay your loan ahead of the snapshot.
Suspended for Deposit and Withdrawal
Deposits and withdrawals for XRP tokens will be tentatively closed at approximately 2021-12-24 10:00 (UTC).
About perpetual contract trading:
If the XRP perpetual contract price deviates significantly, the platform will adjust the price limit rules and funding rate rules of perpetual contracts according to the market situation, and will not announce separately.
About Listing：
For the trading and listing of SOLO on OKX, SOLO will go through the same strict listing review process as OKX does for any other coin/token. Supporting this airdrop does not guarantee the listing of SOLO. OKX does not guarantee any listings as per its internal policy.
Airdrop：
OKX will distribute the SOLO tokens after the project has completed the SOLO token distribution to OKX. We will post a further announcement once the distribution to OKX users is completed.
For further information, please refer to the original announcement: $SOLO Token Airdrop Information
SOLO Token, DEX, NFT Marketplace, and Airdrop
Sologenic (SOLO) Airdrop Guidelines & FAQ
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
For any inquiries regarding this listing, please feel free to contact us in the official OKX Telegram group or via the Support Center.
OKX,
Dec. 24, 2021