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ZK International's Subsidiary's DeFi Project Surpasses $1 Billion in Volume
WENZHOU, China, June 10, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), is pleased to
About this update from Zk International Group Co., Ltd
[{"type":"text","content":"WENZHOU, China, June 10, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (\"ZKIN\", \"ZK International\" or the \"Company\"), is pleased to announce that xSigma DEX, a DeFi project by ZK International's subsidiary, xSigma Corporation, surpassed $1 billion of total volume. xSigma DEX allows users to swap stablecoins, such as USDT, USDC and DAI. So far, the project processed over $400 million for stablecoin exchange transactions and over $600 million for liquidity provider transactions.\n\n \n \n \n \n \n \n\n \nxSigma is also pleased to announce that it is currently working on major upgrades for the DeFi project, such upgrades will include:\n1) A bridge for transferring its governance token (SIG) to the Binance Smart Chain (BSC) network;2) Upgraded pools that will enable a buyback of the SIG tokens; and 3) Time locks for liquidity pools. \nAlso, the CTO of xSigma, Alex Lebed, shared some insights about the future plans for the DEX during an interview hosted by Jane King on the New to the Street show, which was also aired on Bloomberg TV and Fox. \nhttps://newtothestreet.com/new-to-the-street-interviews-alex-lebed-the-chief-technology-officer-at-zk-international-inc \nxSigma's team is working on getting the software ready before it finally goes live on the BSC network, focusing on security. The xSigma DEX has proven to be one of the securest decentralized apps on the market due to the rigorous quality standards it enacts. These days, security is proving to be a major problem for many Apps, while xSigma decided to take additional steps to ensure user safety before its releases any updates.\nxSigma DEX will be launching on BSC soon. xSigma is attempting to provide one of the most secure ways to earn interest to stablecoins on Binance Smart Chain, with minimal risk and no impermanent loss. The launch will be accompanied by a marketing campaign, and special incentives will be offered to early LPs on the BSC. xSigma DEX's website can be found at: https://xsigma.fi \nAbout ZK International Group Co., Ltd.\nZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems. The Company owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 Na...