- BitMart, a leading cryptocurrency exchange, has announced an enticing chance for its users: a Flash Sale that provides a 50% discount on XRP.
- This initiative, which is a part of BitMart’s “More Crypto, Less Fees” campaigns, serves as a gesture of appreciation towards its devoted user community.
BitMart, a leading cryptocurrency exchange, has announced an enticing chance for its users: a Flash Sale that provides a 50% discount on XRP. This initiative, which is a part of BitMart’s “More Crypto, Less Fees” campaigns, serves as a gesture of appreciation towards its devoted user community.
Scheduled for June 21-22, the XRP Flash Sale offers an unprecedented opportunity to acquire XRP at a substantial discount of 50%. To participate in this event, users need to obtain a ticket through BitMart Launchpad, which serves as the entry point for the flash sale.
During the flash sale, participants can expect to purchase XRP at approximately half the average price observed in the preceding two days. This attractive discount enables users to enhance their cryptocurrency holdings or initiate investments in XRP at a lower cost.
In order to ensure fair distribution and prevent hoarding, BitMart has established certain conditions for the flash sale. Users are limited to purchasing one ticket each, and the total number of available tickets corresponds to the amount of XRP reserved for the event. It is important to note that users must complete the Know Your Customer (KYC) verification process by June 20, 2023, in order to participate. Additionally, the flash sale exclusively accepts Tether (USDT) as the required currency, necessitating users to have USDT in their BitMart accounts to take part.
This event comes approximately six months after BitMart officially endorsed XRP, despite the ongoing SEC lawsuit. However, BitMart does not permit XRP trading for its users in the United States, and the flash sale also excludes residents of the US.
Meanwhile, the legal dispute surrounding Ripple’s XRP token continues to unfold. Recently, John Deaton, the founder of CryptoLaw, defended Ripple executives Brad Garlinghouse and Chris Larsen on Twitter, asserting that no reasonable jury would find them reckless in distributing XRP.
The Ripple-SEC battle emerged in December 2020 when the SEC sued Ripple and its executives, accusing them of allowing the company to distribute XRP in a reckless manner. Stuart Alderoty, Ripple’s General Counsel, criticized these allegations, stating that at worst, the SEC is deliberately distorting the law to create confusion.
In response, Deaton accused the SEC of using bullying tactics and strongly defended Ripple’s executives. Deaton argued that despite Ripple’s transparency in its XRP transactions, the SEC examined the personal financial records of Garlinghouse and Larsen in search of incriminating evidence.
Deaton remains steadfast in his defense of Ripple’s executives, highlighting the SEC’s internal confusion regarding XRP’s status and casting doubt on the accusation of recklessness against Ripple’s top leadership.
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