Bitexen, the Digital Asset Trading Platform, one of the leading software products of Bitexen Teknoloji A.Ş., a leader in blockchain technology, announced that it would give SPARK tokens to its Ripple (XRP) users. According to Bitexen's statement, Ripple (XRP) deposits and withdrawals on the Bitexen platform will cease at noon on Dec. 11, 2020. Then, on Dec. 12, 2020, at 03:00, users will take an immediate balance of all Ripple (XRP) held by users, and distributions will be made according to this balance.
Yahya Tuğyan Erdem, CEO of Bitexen Teknoloji A.Ş., commented on the issue: "With our Bitexen platform, we are also involved in the SPARK token distribution applied by the few exchanges in the world to holders of Ripple (XRP). As one of the leading companies in this field, we will continue to implement more measures in the new year that will benefit our users."
SPARK, which mediates the adoption of Ripple's XRP digital asset, one of the new trends of recent times, decentralized finance (DeFi), will be distributed to XRP holders completely free of charge and will allow the testing of the Ripple network, which can perform hundreds of transactions per second at a very low cost. SPARK will work on the Ethereum network, allowing it to be connected to other decentralized finance projects. This way, the SPARK network's fast transaction capacity, and avalanche consensus will be combined to open up to decentralized finance.