xSigma Announces Its Fund and ETF-like Decentralized Platform – Bitcoin News Press Release

PRESS RELEASE. ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN“,”ZK International“Or the“ Company ”, a designer, engineer, manufacturer, and supplier of patented high performance stainless steel and carbon steel pipe products used primarily for water and gas supplies, is pleased to announce its decentralized fund and platform similar to ETFs, which is DeFi’s second project in the xSigma ecosystem. Project website: https://xsigma-etf.com.

The announced ETF-like protocol will be a decentralized fund based on the Ethereum blockchain, which will diversify between large crypto assets related to the DeFi space. In addition, it will provide a platform that will enable others to create indexes and will be branded and called xTF by xSigma.

The decentralized smart contract application (DApp) is expected to act as an index of the major DeFi tokens, allowing crypto investors to capitalize on the overall growth of a broader DeFi market share, and potentially reduce transaction risks and costs. XTF by xSigma is also expected to allow others to create decentralized ETF-like funds on their own with just a few clicks. It will allow organizations and individuals to create their own indices, attract capital and earn trading fees and cost ratios. The fees can be configured, and various business models can be implemented. Finally, the platform is expected to turn into a market or aggregator of various indexes.

Indexes will be presented in the form of tokens published on the Ethereum blockchain. Consumers will be able to buy or issue ETF-like tokens using ETH. Giving tickets means increasing the size of the fund and more assets need to be added to the fund. Withdrawing money from the capital requires burning by the amount of tickets. Crucially, all those who engage with the DApp will retain control of their crypto assets (eg Ethereum) and will be able to deposit assets into the DApp and withdraw from the DApp at their discretion by use their own crypto asset wallets.

The DeFi industry now has crypto value all over it $ 21 billion locked in large protocols, according to the DeFi Pulse website. XSigma is now targeting the DeFi space with two projects: the DeFi protocol (stablecoin DEX) and the xTF-like xTigma protocol that has just been announced by xSigma. The ultimate goal of xSigma is to build an ecosystem of products for finance and blockchain.

Mr. Jiancong Huang, Chairman and CEO ZK International, he said, “We are pleased to announce that xSigma now has two projects in the DeFi space. We look forward to bringing innovation to the blockchain and finance industries with the xSigma team. “

The release of the xTF by xSigma is scheduled for the second quarter in 2021, and technical details will be revealed soon. XSigma expects to generate fees from the operation of the fund in the future. The project will not be a regulated financial product, and the xSigma team will not have access to digital assets deposited in the DApp.

Some elements of the platform protocol cannot be moved while others are subject to revision in accordance with the votes of a devolved autonomous organization (DAO) that will govern key decisions in relation to the protocol. Voting must be done using governing tickets which will be ERC-20 tickets issued automatically by the protocol, in accordance with the terms of the protocol. As a utility sign, such governing tickets will not be registered with any securities regulator or other regulatory body. XSigma expressly rejects any comments regarding the actual or projected value of tokens issued on any of its DeFi protocols; they need not be of any value at all because it is a DAO governance signal.

The protocol is not an ETF, in the conventional sense of the term; it is not registered, licensed or regulated by any regulatory or governing body. Instead, the protocol will be a smart contract issued to the Ethereum blokchain that is open to anyone to explore and engage with as they wish. More details of the protocol will be discussed in a white paper to be published by xSigma before the protocol is launched.

Time ZK International Group Co., Ltd.

ZK International Group Co., Ltd. is a designer, engineer, manufacturer and supplier of patented high-performance stainless steel and carbon steel pipes requiring 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 take advantage of the $ 850 billion commitment made by the Chinese Government to improve water quality, which in its current state of supply is 70% unfit for human contact. ZK International is a Quality Management System Certified (ISO9001), Certified Environmental Management System (ISO1401), and National Industrial Stainless Steel Production License with a focus on supplying steel pipes for multi-billion dollar industries in the Gas and Water sectors . ZK has supplied stainless steel pipelines for over 2,000 projects, including the Beijing National Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics. Highlighting the superior properties and durability of its steel pipes, ZK International provides a solution for providing high quality, highly sustainable, environmentally sound, potable water not only to the Chinese market but to international markets such as Europe, East Asia and Southeast Asia.

For more information visit www.ZKInternationalGroup.com. In addition, follow the Company on Twitter, Facebook, YouTube, and Weibo. For more information about the Company SEC file visit www.sec.gov.

Time XSigma Corporation

XSigma Corporation, is a wholly owned subsidiary of ZK International Group Co., Ltd. Along with ZK International, launched xSigma as a research and development laboratory back in 2018 to solve real-world infrastructure challenges. Its mandate was to explore new opportunities in smart contracts, supply chain management and other blockchain-based solutions. Since then XSigma has focused on decentralized finance, focusing on decentralized exchanges, fixedcoins and lending protocols. The research lab is now working on its ecosystem of products starting with its DeFi protocol. The ultimate objective is to build a range of financial tools and products for the thriving decentralized finance industry. The assembled xSigma team is at the forefront of blockchain R&D that intersects decentralized finance, supply chain management, IoT, and infrastructure. The DeFi protocol is one of many devolved finance projects that xSigma plans to launch over the next 12 months. It will feed into DeFi’s growing network of products for enterprise and consumer markets. Any blockchain protocol is subject to some risk; The DeFi xSigma protocol has implemented intervention-resistant programs, but is still subject to potential hacks. To find out more about xSigma, visit their website at www.xsigma.com and www.xsigma.fi.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act 1933, as amended, and Section 21E of the Securities Exchange Act 1934, as amended, and as it is defined in the UD Private Securities Litigation Reform Act 1995. Without limiting the generality of the above, words like “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “may,” “estimate” or are intended to “continue” or the negative or other variations or comparable terminology identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characteristics of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to some unpredictable risks, uncertainties and assumptions, many of which are out of control ZK International. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors included in the Company’s filings with US Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions may be incorrect and, therefore, there can be no assurance that the results considered in forward-looking statements are realized. In light of the considerable uncertainty inherent in the cutting-edge information contained herein, the inclusion of such information should not be considered a representation by ZK International or any other person whose objectives or plans are to be achieved. ZK International undertakes no obligation to review the forward-looking statements contained herein to reflect events or circumstances beyond this date or to reflect unforeseen events.

Investor Contact:

Sherry Zheng Weitian Group LLC

Email: [email protected]

Phone: +1 718-213-7386


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