xSigma is the upcoming stablecoin DEX protocol developed by the first DeFi project supported by a Nasdaq listed company. In order to attract liquidity providers to provide their stablecoins to decentralized exchanges, the agreement will use a profitable reward system for liquidity mining. The project recently completed the smart contract and released a white paper to the public today.
Provide stable coins and earn SIG tokens
DeFi investors have recently made huge gains, but have also become victims of scammers, hackers, and bad programmers. Therefore, before you make the leap, it is a good habit to find a project that can be trusted with digital assets. Moreover, you cannot find a project that focuses more on minimizing these risks for liquidity providers than xSigma DeFi. This is a DEX protocol developed by a team of top software developers and a laboratory supported by a company listed on NASDAQ.
One of the main goals of xSigma is to make the process as safe as possible, easy to use and profitable for liquidity providers. All the liquidity providers have to do is provide stablecoins, which they can retrieve at any time, and the system will take care of the rest and earn SIG tokens for them when they sit down. Some people may think of it as the “Uber of market makers”. In this technology, not every investor works for himself, but aggregates the best returns.
Recently, xSigma also introduced an enhanced reward system for early adopters. At the beginning of the agreement, liquidity providers can expect to receive additional generous rewards in the first few weeks. The reward for the first week is as high as twice. Developers also use a scalable system to incentivize ongoing stablecoin farming to maintain returns. All liquidity providers can also benefit from better transaction fees in decentralized transactions.
xSigma white paper released today
As mentioned above, xSigma is the first DeFi project supported by a Nasdaq listed company. The laboratory is a wholly-owned subsidiary of ZK International Group Co., Ltd. (NASDAQ: ZKIN), a major Chinese company dedicated to supplying advanced steel pipes. The impressive xSigma team also includes world-class developers with experience working at Google, Facebook, Ripple Labs, 1inch and other technology companies.
Each of these factors will make itself stand out in DeFi projects, but having incredible support and an impressive team makes xSigma truly compelling. The SIG token that powers the system also has important basic factors that support its value.
The supply of tokens will be strictly controlled, most of which will flow to liquidity providers, and SIG will be burned by exchange fees. This will reduce supply while increasing demand, as more users will be needed for SIG to use the platform. It is also necessary for members holding SIG to participate in the vote of xSigma DAO, which will control future token issuance, so that the power to restrict supply is mainly in the hands of liquidity providers. In addition, in stark contrast to most DeFi projects, xSigma’s sales are very professional and transparent, which attracts more cautious investors.
The xSigma team is working hard to develop the protocol, and there are continuous new developments. On December 29, 2020, the team announced the completion of the smart contract, which has been sent to an extensive technical software review to ensure the safety of funds and system integrity. Today, January 12, 2021, the xSigma white paper was released. The 17-page document provides a brief introduction to the protocol and makes xSigma superior to the existing DeFi protocol.
In order to keep up with the latest development of xSigma, its new DeFi protocol and generous reward system for liquidity providers, please visit the laboratory’s website xSigma.com and the project located at xsigma.fi. For more information on joining the Discord community, Twitter And telegram.
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