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ZK International's Subsidiary, xSigma Corporation, Completes its Smart Contract on the Heels of Bitcoin Hitting a High of $26,700
WENZHOU, China, Dec. 28, 2020 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), a designer,
About this update from Zk International Group Co., Ltd
[{"type":"text","content":"WENZHOU, China, Dec. 28, 2020 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (\"ZKIN\", \"ZK International\" or the \"Company\"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce that xSigma Corporation, a wholly owned subsidiary of the Company, has completed the smart contract development of xSigma's DeFi platform. This marks an important milestone for xSigma as it systematically builds out the ecosystem of the xSigma DeFi protocol.\nxSigma's smart contract has been completed and is undergoing a technology software audit, which is the last step for xSigma before it releases the project. The technology audit of the software is being conducted as good practice to ensure the safety of funds and the system in general. xSigma will offer enhanced rewards for early liquidity providers, who join in the first weeks after the launch. (Learn more about xSigma DeFi project on: https://xsigma.fi and Telegram: https://t.me/xsigma_global)\nThis is just the beginning of xSigma creating a new future, and it is a crucial step in building the xSigma ecosystem. The xSigma team is working on finalizing the white paper and all the technical details are to be released in the near future. As Bitcoin and other cryptocurrencies continue to gain momentum and hit all-time highs, which currently has a total market cap of $688.3 billion, xSigma management team believes that the top team of xSigma, support from a NASDAQ listed company, and a DeFi protocol which aims to be first in class, are significant characteristics which should elevate and differentiate xSigma from the other DeFi platforms.\nThe xSigma DeFi protocol has received a significant initial interest, in a short period as it has already gathered over 5,000 members in its communities and has collected thousands of subscriptions on its waitlist. In addition, xSigma has secured commitments from individuals and institutional liquidity providers which is important for a successful launch. \nMr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, \"as Bitcoin and other cryptocurrencies continue to gain momentum, so does xSigma. xSigma continues to build its ecosystem, and it continues to gain a positive response fro...