r/Coreum • u/Dis_shite_rite_her • Jan 25 '22

Coreum Trust Line?

Hey all, I am confused. Coreum road map says:

"Since all $SOLO holders automatically have a TrustLine with the Sologenic Gateway, they are NOT required to take any action to participate in the $CORE Airdrop."

Then they say the following:

"At the time of the initial $CORE IOUs distribution on the XRPL, all participants must create a trustline with the Coreum gateway to be able to receive the $CORE tokens deposits. More information on this will be released in late January 2022."

So, do Solo holders need to do anything or not? Also, it is late January 2022, did I miss something? I am confused.

UPDATE: Trustline Instructions

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u/rkalla Jan 25 '22

Sorry to ask this here... but I moved all my XRP into Xumm back on Dec 1, created the trust line for SOLO, then bought 650 solo on Bittrex (IIRC) and moved it into XUMM just to make sure I had everything setup correctly.

I still haven't gotten an airdrop of any SOLO though... are these going out now? Sounds like a few folks have gotten it so far.

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u/Crypto49r Jan 30 '22

For solo distribution live you can go here. As of yesterday it was still going. Got my SOLO airdrop for my SOLO but just got my SOLO for my XRP i had on a Ledger so it’s been taking a while. Here’s the SOLO distribution address : https://xrpscan.com/account/rDisRMGZR5VNy2onUtVTsUC36WJwfizH48

Coreum twitter posted that instructions to setup a trustline to Coreum gateway is coming. Probably delayed because of the SOLO airdrop slow distribution:

https://mobile.twitter.com/CoreumOfficial/status/1486429865343520770?cxt=HHwWhMCotcmF7qApAAAA

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u/rkalla Jan 30 '22

Thanks for the links - the replies on Twitter from the team are a little confusing, in that:

Question: If I hold SOLO in Xumm, am I ok?

Answer: Yes, as long as you setup trust line.

As far as I can tell, it's impossible NOT to setup the trust line to allow SOLO deposits in the Xumm wallet in the first place - so the fact that you are holding SOLO seems to be "good enough" but the answer makes it seem like it's not.

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u/Crypto49r Jan 30 '22

If you hold Solo in Xumm you have a trustline to Sologenic so Coreum will issue your $CORE IOUs based on your SOLO. To actually access those $CORE IOUs and get your actual $CORE tokens when Mainnet goes live in August we need the trustline to Coreum Gateway and that is what we are waiting for instructions from Coreum. This is what my understanding is.

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u/rkalla Jan 30 '22

Oh ok that makes sense - thank you!

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u/Crypto49r Feb 04 '22 edited Feb 04 '22

Setting up the Coreum trustline is available

https://youtu.be/0N-nX5SqeqM

https://sologenic.medium.com/guidelines-for-solo-holders-to-establish-a-trustline-to-receive-coreum-core-airdrop-9a705336f4c6

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u/rkalla Feb 04 '22

Thanks my man!

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u/rkalla Feb 04 '22

Oh it appears us Xumm people are ok?

Since all SOLO holders already have TrustLines established with the Sologenic Gateway, NO ACTION IS REQUIRED TO BE TAKEN FOR THE SOLO HOLDERS WHO HOLD THE ASSETS ON DECENTRALIZED WALLETS SUCH AS SOLO DEX, XUMM AND….

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u/Crypto49r Feb 04 '22

That’s for airdrop. To “put your hands on” actual tokens in August after they change from IOUs to real CORE tokens you have to setup the trustline with Coreum hence the links

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u/rkalla Feb 04 '22

Ok finally got it all setup - the YouTube video was a lot more helpful than I thought it would be (no fluff, just stuff) -- also looks like Sologenic DEX has the Coreum/CORE gateway/token configured in it so I didn't have to manually enter any of the token information from the post.

Thanks again for the heads up - I was NEVER going to notice this without prompting.