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ZK's International Subsidiary, xSigma Corporation, Hits the Top 25 of the Industry's Biggest DeFi Projects and Achieves $115 Million of Value Locked on Opening Day
WENZHOU, China, Feb. 25, 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, Feb. 25, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (\"ZKIN\", \"ZK International\" or the \"Company\"), is pleased to announce that xSigma Corporation, a subsidiary of the Company and a blockchain R&D lab, has successfully launched its DeFi protocol, getting over $115 Million worth of liquidity within the first 24 hours (total value locked). This puts xSigma on the list of The Top-25 DeFi projects by Total Value Locked, according to https://defipulse.com. The link to the project's website is: https://xsigma.fi\nThe Company launched its decentralized stablecoin exchange and started the liquidity mining program, where Liquidity Providers (\"LPs\") can earn rewards in SIG token using stablecoins. So far, xSigma has $49,030,694 in USDT, $40,706,054 in USDC and $26,688,599 in DAI locked in the pool.\nBeing featured by numerous news outlets, xSigma has successfully built a community with a population of thousands of people and has garnered attention for its DeFi protocol. xSigma attracted key individuals and institutional LPs; it has also been endorsed by Dwight Howard, a professional basketball player and NBA Champion, which all helped with the Company building its exposure. \nMr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, \"We are excited about the launch of our highly anticipated DeFi protocol. Hundreds of LPs joined in the first hours, as the protocol got a lot of attention, locking crypto worth millions. We look forward to launching more blockchain products in the future.\"\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 National and Industry Standard Awards. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which in its current supply state is 70% unfit for human contact. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee that is fo...