Tech

BitMart to Launch a 50% Discount Sale for XRP

06/17/2023
Bitcoin Ethereum News

BitMart has announced an upcoming discount sale that would allow its users purchase XRP at a price 50% less than its average value.

BitMart, a leading crypto exchange, recently announced an exciting opportunity for its users. The exchange unveiled an upcoming XRP 50% Off Flash Sale event as part of their “More Crypto, Less Fees” campaigns. This initiative aims to reward BitMart users for their continuous support and loyalty.

The XRP 50% Off Flash Sale is scheduled from June 21 to 22, offering participants a unique chance to acquire XRP at a significant discount. To be eligible for this exclusive event, users need to acquire a ticket through BitMart Launchpad, which acts as the entry point for participating in the flash sale.

During the flash sale, participants can purchase XRP at a price roughly 50% lower than the average price observed in the last two days. This attractive discount allows users to expand their cryptocurrency portfolios or invest in XRP at a reduced cost.

Conditions for the XRP Flash Sale

To ensure a fair distribution and prevent hoarding, BitMart has set some guidelines for the flash sale. Each user is limited to purchasing a maximum of one ticket, and the total number of tickets available is tied to the amount of XRP allocated for the event. 

It is important to note that participation in the flash sale requires users to have completed the Know Your Customer (KYC) verification process by June 20, 2023. 

The subscription currency for the flash sale is Tether (USDT). This means that users must have USDT available in their BitMart accounts to purchase XRP during the event.

The campaign is coming up roughly six months after BitMart finally listed XRP. The prominent exchange officially declared support for XRP in January amid the SEC litigation. However, BitMart does not permit XRP trading for its U.S. users. The 50% flash sale is also not open to U.S. residents.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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