Behind xSigma is a Nasdaq-listed company. It’s a fairly basic blockchain research and development lab, where some of the brightest minds in the world of decentralized protocols and global networks work together to develop new solutions and test ideas. Sure, R&D doesn’t sound as sexy as those multi-million dollar NFTs or Wall Street’s attraction to bitcoin, but don’t forget that it’s technologies like xSigma that are at the root of it all.
Without the programmers and engineers who worked tirelessly on their computers early on, we would never have been able to enjoy the blockchain we love and adore so much today. Moreover, xSigma is not ready yet and sooner or later it will make its own moves in the field ofFi and in the market of NFT. But isn’t it a little late for xSigma to enter an already crowded sector where there isn’t enough on the table? Well, read xSigma’s review to find out more.
What is xSigma?
xSigma is a subsidiary of ZK International, a Nasdaq-listed company (NASDAQ: ZKIN). Originally set up as a blockchain research and development lab to complement ZK International’s own forum for delivering blockchain solutions, xSigma continues to work today to solve many key implementation issues. This also means finding new ways to integrate and enhance blockchain technology into existing infrastructures today.
It includes training on adapting smart blockchain systems to finance, logistics, supply chain, Internet of Things (IoT) and infrastructure. xSigma Corporation is a relatively new company that is currently building its own decentralized financial platform (DeFi) to provide universal and equitable access to financial services for all. xSigma aims to create a DeFi platform that is not only secure and highly reliable, but also very user-friendly.
The team that makes up the bulk of xSigma’s research and development is led by former developers and engineers from renowned technology institutes. That includes former employees of Google, Facebook, Ripple, Amazon and xSigma rival DeFi by more than an inch. In its first DeFi launch, xSigma collected over $115 million in total locked-in value (TVL) within its DeFi protocol in just 24 hours of launch.
Who is ZK International?
ZK International Group Co, Ltd. is the parent organization of xSigma Corporation – xSigma is a subsidiary of ZK – and is responsible for the majority of the financial support. Based in China, ZK International is a leading manufacturer of high quality pipes and tubes. Their pipe designs are primarily used in areas where complex water and gas piping systems are used, such as. B. Large residential areas, industrial areas, oil and gas exploration, irrigation, etc.
It is an important company in China, as ZK International’s pipeline and pipeline solutions are part of the Chinese government’s $850 billion plan to improve the country’s infrastructure. To date, they have completed over 2,000 projects. Interestingly, ZK International then began to focus more on blockchain technology and became interested in developing new supply chain management solutions through smart contracts and distributed ledgers.
What can I do on the xSigma Day platform?
xSigma announced the launch of its decentralized financial platform (DeFi) on 24. There is a lot of hype about February 2021. It currently ranks in the top 25 ofFi protocols in terms of volume and user base growth shortly after its public release, at the time of writing this xSigma review. Still, there’s a lot to be said for this hype, because behind xSigma is DeFi, a large Nasdaq-listed company that is also regulated by the SEC.
At its core, xSigma is a decentralized DEX and liquidity extraction platform. It is a decentralized application (dApp) built and deployed on the Ethereum network. xSigma’s decentralized exchange protocol is based on the proven StableSwap algorithm developed by Curve Finance in 2019. The exchange itself, like many other DeFi exchanges, is run by an automated market maker (AMM) that facilitates trading.
This means that, unlike normal order book exchanges, xSigma users will pool their tokens into liquidity pools. These users become lenders. Using the AMM xSigma model, the algorithm determines the best price for a given asset or asset pair, based on available parameters such as supply and demand. In fact, users can trade against the algorithm instead of comparing their prices to an order book compiled by someone else.
1. Quick and easy replacement of boxes.
Using an automated market maker has some distinct advantages over a more traditional bidding exchange. Not only does it guarantee a fair price for a given trading pair and prevent large slippages – which can be a big problem with low liquidity assets – to protect traders, but it also allows users to earn passive rewards. Liquidity providers can earn a portion of the trading commissions from the tokens they have placed in the liquidity pool.
On the stablecoin-focused DEX xSigma, users can easily and quickly trade three different stablecoins – DAI, USDC, USDT – once they connect their wallet to xSigma, like the browser-based MetaMask crypto wallet. This gives you a place to trade your products very quickly and, more importantly, with minimal price differences between the stands, to maximize your income. That is if you don’t count the ridiculous gas prices on Ethereum.
2. Earn passive rewards by giving money.
On the other hand, users can also pool their stables in selected liquidity pools to earn rewards. In this way, these liquidity providers can earn a share of the fees for transactions and exchanges that originate from their chosen liquidity pools. Currently, xSigma has over $133.5 million in its cash pools – $36.9 million in DAI, $47.3 million in USDC and $49.3 million in USDT.
In return, they can earn their own xSigma SIG-LP tokens (liquidity provider) as an incentive. xSigma SIG-LP tokens are used to represent your share of the liquidity pool. These SIG LP tokens can then be split into two selected pools to allow liquidity providers to use the SIG crypto currency tokens. Two pools are now available at xSigma:
- Pool 1 – Built-in power on xSigma where you can put SIG-LP crypto-currencies on the map to earn SIG tokens in return. At the time of writing this xSigma review, you can earn up to 46% annual interest in SIG.
- Pool 2 is much riskier, but also offers higher returns. You can deposit your earned SIG tokens into Pool 2, which is a SIG-ETH liquidity pool managed by Uniswap. You can earn up to 853% APY while writing this article on xSigma.
What are xSigma crypto currency tokens?
As we have already described in the xSigma test report, we are now very familiar with the SIG LP markers. It is important to note that this token only represents your share in the selected liquidity pool. Using liquidity, you can bet on these SIG-LP tokens to win xSigma’s own cryptocurrency, SIG. Not only can you earn GIS by betting on the liquidity pool, but you can also acquire it by buying it through trading on Uniswap.
SIG is the main currency of the xSigma DeFi platform and the main token that feeds the xSigma decentralized network. SIG token holders can vote on topics proposed by the xSigma Decentralized Autonomous Organization (DAO). SIG token holders can earn a portion of their trading fees on DEX xSigma or receive a cashback bonus on the money they spend on transactions on the Ethereum blockchain. You can also get extra farm bonuses just by holding a GIS.
What are tokenomics around xSigma?
Since xSigma is built on Ethereum, SIG tokens are minted as ERC-20 tokens. At the time of writing this xSigma review, the price per SIG is $5.35. There are currently 2,299,479.66 SIG tokens in circulation, for a total of 16,816,816 SIG tokens. Although SIG tokens are inherently mined to rewards at a constant issue rate of 50 SIGs per block and are halved every 210,000 blocks, the xSigma DAO can theoretically vote to slow or speed up this process.
At launch – and as observed during the writing of this xSigma review – the issue rate slowed to just 12.5 deleted SIGs per block. In the distribution model, the supply of SIG tokens will be divided into three different groups: 60% of the SIG tokens will go to liquidity providers, including those in Pools 1 and 2; 30% will go to the xSigma research and development fund; and the remaining 10% will be used for marketing purposes as part of the xSigma growth fund.
In addition, there is a burn-in mechanism created by xSigma for SIG cryptographic sliders. Users can choose to burn the SIG tokens they own in exchange for Stables, with the refund coming from the exchange fee. This benefits xSigma in two ways: by increasing market prices and by increasing the rarity of characters. It serves to return value to token holders and can make SIG tokens an attractive investment option.
What are the future updates to the xSigma Roadmap?
Although xSigma is still a very young player in the highly competitive and fabulously unregulated DeFi sector, the company has already acquired a large following and is currently working towards a very ambitious goal of rapidly growing its user base by 2021. In addition to xSigma’s DeFi efforts, we previously hinted that xSigma is considering entering the equally controversial world of non-displayable tokens (NFTs) with its own marketplace.
Using various underlying blockchains, such as Ethereum and Polkadot, xSigma will create a massive new NFT marketplace where users can buy, sell or trade various NFTs. By 2021 alone, NMT has become a $1.3 billion industry. Recently, in conjunction with this review of xSigma, xSigma was able to convince NBA champion Dwight Howard to promote the xSigma DeFi platform and hopes to gain similar exposure for his NFT ecosystem.
For the rest of 2021 – mainly March and April – xSigma will continue to improve its DeFi platform. Further marketing and technical changes are underway, as well as upgrades to their DAO to make xSigma a truly decentralized network. For example, xSigma will also explore other options to attract more users. B. hosting new tokens, adding new farm pools, integrating Layer2 scaling solutions, using more data sources for pricing models, redesigning the user interface, migrating xSigma DEX to other blockchains, etc.
TestxSigma – Conclusion.
How else could we end our xSigma report but with a sense of giddy excitement? While much of what they offer is not entirely new to the already crowded – and some might say oversaturated – DeFi space, xSigma brings much more relief to life factors that others may not have considered. Especially for foreigners unfamiliar with decentralized finance, it can be difficult to get started with the DeFi platform.
The steep learning curve for making the simplest transactions, along with countless horror stories about flash loans and exit scams, have given DeFi a pretty bad reputation outside of the enthusiast category. There is still a long way to go before DeFi truly becomes a mainstream tool that the average person can use to trade currencies, invest in profitable liquidity pools or generate very lucrative passive income. xSigma’s DeFi offering is a glimpse of such a future.
Not only is their platform very easy to use and inspires confidence in anyone looking to jump into the DeFi hot seat for the first time, but it is certainly secured by the backing of a publicly registered and SEC-regulated company. xSigma could be the first major platform to make DeFi as easy to use as the ATM. They still have a lot to prove, but give them a big thumbs up in our xSigma review.
- Project values
- Long-term sustainability
- Their platform is very easy to use for DeFi focused offerings and is especially suitable for casual users or beginners who find most other DeFi platforms confusing or too complicated.
- Behind xSigma is a large Nasdaq-listed company that is also regulated and overseen by the SEC, giving xSigma greater legitimacy for its users.
- With the support of a fully devolved local government, a solid roadmap for 2021 is being drawn up.
- Liquidity pools and agricultural returns offer higher average returns than some other DEX platforms.
- Potential for more advertising (and perhaps possible synergies) as xSigma plans to develop the NFT market with its DeFi platform.
- A very young platform that will face strong competition from other DeFi heavyweights, especially those offering decentralized exchange services (DEX).
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