PRESS RELEASE. February 24, 2021 – xSigma, a decentralized exchange for stablecoin swaps, has announced details of its launch program. The DEX, which supports liquid swaps between stablecoin pairs, will go live on February 24th after passing a third party security clearance.
Blockchain security company Hacken checked the xSigma smart contracts and found no critical errors in the code. As a result, the Ethereum-based exchange started green as planned. A second security audit is underway to give the xSigma community additional confidence in the code that powers the AMM.
XSigma is supported by a NASDAQ listed company and developed by an experienced team that includes former Google engineers. It has received the support of several high profile supporters. This includes NBA star Dwight Howard, who has pledged to participate in the xSigma launch as an early liquidity provider (LP).
LPs receive double rewards for the first fortnight to incentivize adoption and ensure a fluid environment for performing stablecoin swaps with minimal slippage. XSigma has a detailed instructions for liquidity providers guiding them through the process of LP’ing and using their pool share tokens to get SIG, the protocol’s native governance token.
XSigma not only offers LP rewards for pooled USDT, USDC and DAI, but also offers incentives for a uniswap liquidity pool for ETH / SIG. The xSigma DEX is scheduled to launch on February 24th at 1:00 PM EST (6:00 PM UTC) and heralds a new era for efficient stablecoin swaps.
xSigma is a stablecoin DEX based on a governance token that gives holders the right to determine how the protocol should be managed. Token holders receive a percentage of all DEX fees, with Team and LP tokens gradually vested for two years to balance incentives between the platform and its community. xSigma is supported by the parent company ZK International Group, a company listed on NASDAQ.
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