xSigma is an upcoming stablecoin DEX protocol that was developed by the first DeFi project backed by a NASDAQ listed company. In order to win over liquidity providers for the delivery of their stable coins to the decentralized exchange, the protocol will contain a lucrative reward system for the liquidity reduction. The project recently signed its smart contract and released its white paper today.
Provide stable coins and earn SIG tokens
DeFi investors have had some great returns lately, but have also fallen victim to scammers, hackers, and terrible programmers. Because of this, it’s good to find a project to trust with your digital assets before you make the leap. And you can’t 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 world-class software developers and a laboratory supported by a NASDAQ listed company.
One of the main goals of xSigma is to make the process as safe, easy to use and profitable as possible for liquidity providers. All liquidity providers have to do is provide stable coins that they can withdraw at any time. The system takes care of the rest and earns you SIG tokens while you sit back. It could be thought of as “Uber for Market Makers,” where instead of every investor working for themselves, technology makes the best returns.
Recently xSigma also introduced one improved reward system for early adopters, for whom liquidity providers can expect additional lucrative incentives in the first few weeks at the start of the protocol. Up to twice as many rewards for the first week. The developers are also working to keep the rewards going by using a scalable system to incentivize an ongoing stable coin farm. All liquidity providers also benefit from better exchange fees on the decentralized exchange.
xSigma whitepaper released today
As mentioned above, xSigma is the first DeFi project to be supported by a NASDAQ-listed company. The laboratory is a wholly-owned subsidiary of ZK International Group Co., Ltd. (Nasdaq: ZKIN), a large Chinese company focused on supplying advanced steel tubes. The impressive xSigma team also includes world-class developers with experience working at Google, Facebook, Ripple Labs, 1 Zoll and other technology companies.
Any of these factors would stand out from the crowd of DeFi projects on their own, but both incredible support and an impressive team make xSigma truly remarkable. The SIG token that powers the system also has great fundamental factors that support its value.
The delivery of tokens is tightly controlled, with most going to liquidity providers, and SIG is burned with exchange fees. This will both reduce supply and increase demand at the same time as more users need SIG to use the platform. Holding SIG will also be required to vote in the xSigma DAO, which will control future issuance of tokens, placing the ability to limit supply largely in the hands of liquidity providers. In addition, unlike most other DeFi projects that attract more prudent investors, the xSigma is marketed very professionally and transparently.
The xSigma team is working hard to develop the protocol and new developments are happening at a constant pace. On December 29, 2020, the team announced the completion of the smart contract, which was sent to extensive audits of technology software to ensure the security of funds and the integrity of the system. And today, January 12, 2021, the The xSigma white paper has been published. The 17-page document provides a simple introduction to the protocol and shows what makes xSigma superior to existing DeFi protocols.
To stay up to date on future developments with xSigma, the new DeFi protocol and the lucrative reward system for liquidity providers visit the laboratory’s website at xSigma.com Anf the project at xsigma.fi. Join the community for more members discord, Twitter and telegram.
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