xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

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xSigma is a new cryptocurrency that aims to provide the best trading experience on the market. The project has been in development for over 3 years and uses a unique technology called “Signal”. This signal allows traders to make better decisions by analyzing price movements and predicting where they will go next.

xSigma is a cryptocurrency that was founded in 2021. It has been designed to be the next best curve finance.

There are no limits to one’s eagerness to experiment and discover new frontiers that may not have been feasible previously in the wild and uncharted regions of decentralized finance. DeFi has shown to itself and others across the globe how innovation can upend the financial system, bringing more equity and justice to everyone. We can see that this trip still has a long way to go, as we’ll see in our xSigma assessment later today.

xSigma is a blockchain research and development lab backed by a Nasdaq-listed business, where some of the greatest minds in the field of decentralized protocols and global networks collaborate to create new solutions and test new concepts. Sure, R&D doesn’t seem as exciting as those multi-million dollar NFTs or Wall Street’s appetite for Bitcoins, but keep in mind that all of it is based on technology developed by businesses like xSigma.

We may not have been able to experience any of the blockchains that we know and admire today if programmers and engineers had not worked hard in the early hours of the morning on their computers. xSigma isn’t done either, having made its own advances into the DeFi sector and, sooner or later, into the NFT industry. Is xSigma, however, entering an already competitive sector too late and with insufficient resources? To discover more, continue reading our xSigma review.

What Is xSigma and How Does It Work?

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

xSigma is a subsidiary of ZK International, which is a Nasdaq-listed publicly traded corporation (NASDAQ: ZKIN). xSigma was founded as a blockchain research and development lab to supplement ZK International’s own venture into delivering blockchain solutions, and it is still trying to address many of the problems that surround its implementation.

This entails figuring out new methods to incorporate blockchain technology into current infrastructures and enhancing them. It covers how to use blockchain smarts in banking, logistics, supply chains, the internet of things (IoT), and infrastructure.

xSigma Corporation, a relatively young business, is presently developing its own decentralized finance (DeFi) infrastructure in order to provide everyone with equal and inclusive access to financial services. xSigma aims to develop a DeFi platform that is not only safe and secure, but also extremely user-friendly.

Their staff, which is led by former developers and engineers from renowned IT schools, is an integral component of xSigma’s rapid blockchain research and development. Former employees from Google, Facebook, Ripple, Amazon, and xSigma’s DeFi competitors at 1inch are among them. Inside 24 hours of its debut into the DeFi market, xSigma has garnered more than $115 million in total value locked (TVL) within its DeFi protocol.

Who is ZK International and what does it do?

xSigma Corporation’s parent company, ZK International Group Co., Ltd., is responsible for most of the company’s financial support (xSigma is a fully owned subsidiary of ZK). ZK International is a major producer of high-performance tubing and pipe headquartered in China. Their piping designs are mostly employed in regions with advanced water and gas pipeline systems, such as major residential areas, manufacturing zones, oil and gas exploration, irrigation, and so on.

ZK International’s pipe and tubing solutions are included in the Chinese government’s $850 billion initiative to modernize the country’s infrastructure. They have already completed over 2,000 projects to far. ZK International, interestingly, subsequently shifted its focus to blockchain technology, with the goal of creating innovative supply chain management systems using smart contracts and distributed ledgers.

What Can You Do With The DeFi Platform From xSigma?

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

Following the introduction of its decentralized finance (DeFi) platform on February 24, 2021, xSigma generated a lot of buzz. It is currently among the top 25 DeFi protocols in terms of volume and user growth, only a few months after its public introduction, as at the time of writing this xSigma review. However, xSigma has the distinction of having a DeFi protocol supported by a large Nasdaq-listed business that is also regulated by the SEC, so there are a lot of solid reasons to back up the hype.

xSigma is a decentralized stablecoin exchange (DEX) and liquidity mining platform at its most basic level. It’s a decentralized application (dApp) that was created and released on the Ethereum network.

The decentralized exchange system used by xSigma is based on Curve Finance’s tried-and-true StableSwap algorithm, which was developed in 2019. The exchange, like many other DeFi exchanges, is run by an automated market maker (AMM) that handles all of the trade.

Users on xSigma would pool their tokens into Liquidity Pools, similar to how they would on a traditional order-book exchange. Liquidity Providers would be created from these users. Using xSigma’s AMM model, the algorithm will determine the optimal price for a certain asset or trading pair based on available data such as supply and demand. Users may trade against the algorithm instead of needing to match their pricing with an order book established by someone else.

1. Exchange Stablecoins Quickly and Easily

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

When opposed to a conventional order-book exchange, using an automated market maker offers many significant advantages. It not only protects traders by ensuring that a specific trading pair is priced properly and preventing substantial slippage – which can be a major issue for assets with low liquidity – but it also enables users to earn passive incentives. Liquidity Providers may earn a percentage of the trading fees by supplying tokens to a Liquidity Pool.

Users may trade from a choice of three distinct stablecoins – DAI, USDC, and USDT – on xSigma’s stablecoin-focused DEX after they’ve linked their wallet to xSigma, similar to using the MetaMask browser-based cryptocurrency wallet. As a result, you’ll be able to switch between stablecoins fast and, more crucially, with little price slippage, allowing you to get the most out of your investment. That is, provided you don’t include Ethereum’s astronomical gas costs these days.

2. Provide Liquidity to Earn Passive Rewards

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

Users may, on the other hand, opt to pool their stablecoins into specific liquidity pools in order to receive incentives. Those Liquidity Providers may receive a part of the fees for trades and exchanges that take place via the liquidity pools they’ve selected by doing so. There is more than $133.5 million worth of total value locked (TVL) inside its liquidity pools at the time of writing this xSigma review — $36.9 million in DAI, $47.3 million in USDC, and $49.3 million in USDT.

As a reward, they will get xSigma’s native SIG-LP (Liquidity Provider) tokens. The SIG-LP tokens from xSigma are used to represent your portion in the liquidity pool. SIG-LP tokens may then be staked in two pools, allowing Liquidity Providers to farm for SIG cryptocurrency tokens. On xSigma, there are currently two staking pools available:

  • Pool 1 — Runs on xSigma and allows you to stake SIG-LP coins in exchange for SIG tokens. You may make up to 46 percent profits APY in SIG at the time of writing this xSigma review.
  • Pool 2 – This pool is more riskier, but it also has a larger return. Pool 2 is a SIG-ETH liquidity pool provided by Uniswap, where you may stake your freshly acquired SIG tokens. As of the time of writing this xSigma review, you might earn up to 853 percent APY.

What Are the SIG Cryptocurrency Tokens from xSigma?

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

We are now familiar with xSigma’s SIG-LP tokens, as we discovered previously in our xSigma study. It’s essential to remember that this token only serves to represent your part of a limited liquidity pool. You may earn xSigma’s native cryptocurrency, the SIG, by mining for liquidity and then staking those SIG-LP tokens. You can get SIG by purchasing trading it on Uniswap, in addition to staking it into a liquidity pool.

SIG is the xSigma DeFi platform’s main currency and a major utility token that controls the platform’s decentralized network. SIG token holders have the opportunity to vote on issues presented by xSigma’s decentralized autonomous organization (DAO).

SIG token holders may receive a share of trading fees on xSigma’s DEX or get a cashback incentive on money spent on the Ethereum blockchain to cover transaction costs. Holding SIG may also give you extra agricultural benefits.

What Is the xSigma Tokenomics Situation?

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

SIG coins are produced as an ERC-20 token since xSigma is based on Ethereum. A single SIG is now worth $5.35 at the time of writing this xSigma review. There are now 2,299,479.66 SIG tokens in circulation, with a total supply of 16,816,816 SIG. Despite the fact that SIG tokens are mined at a fixed pace by design, with 50 SIG per block in rewards and halving every 210,000 blocks, the xSigma DAO may potentially decide to slow or speed it up.

The emission rate has been reduced down to only 12.5 SIG mined per block at launch, as witnessed while writing this xSigma review. The supply of SIG tokens is distributed across three groups as part of its distribution model: 60% of SIG will go to Liquidity Providers, including those staking in Pools 1 and 2; 30% will go to xSigma’s research and development fund; and the remaining 10% will be used for marketing purposes as part of xSigma’s growth fund.

Aside from that, xSigma has created a burn mechanism for its SIG coins. Users may opt to have their SIG token holdings burned in exchange for stablecoins, with the money coming from the exchange fee pool. This benefits xSigma in two ways: it increases market pricing while also increasing token scarcity. It serves to return value to token holders and may make SIG tokens an appealing investment choice.

What Will xSigma’s Roadmap Look Like in the Future?

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

xSigma has already garnered a significant following despite being a relatively new entry into the highly competitive and mostly unregulated DeFi market, and is now striving to meet a very ambitious objective of quickly increasing its userbase by 2021. Aside from xSigma’s DeFi efforts, we’ve previously indicated that the company is going to enter the similarly highly debated realm of non-fungible tokens (NFTs) with its own exchange.

xSigma will provide a new vast NFT marketplace powered by various blockchains such as Ethereum and Polkadot. Users will be able to purchase, sell, and trade a range of different NFTs. NFTs are expected to be a $1.3 billion business by 2021. As of this xSigma review, NBA champion Dwight Howard has agreed to promote xSigma’s DeFi platform, and the company wants to acquire a comparable celebrity following for its NFT environment.

xSigma will continue to enhance its DeFi platform during the remainder of 2021, especially in the months of March and April. Additional marketing and technological improvements are in the works, as well as a DAO upgrade to make xSigma a fully decentralized network.

Other alternatives being considered by xSigma to attract additional users include the addition of new tokens, the integration of Layer2 scaling solutions, the adoption of more data sources for pricing models, user-interface redesigns, and the porting of xSigma’s DEX to other blockchains, among others.

Conclusion of the Review of xSigma

xSigma Review 2021 (SIG) – [The Next Best Curve Finance?]

How else could we conclude our xSigma review but with a euphoric sense of anticipation? Although most of what they provide isn’t completely novel in an already crowded – and, some would say, too saturated – DeFi market, xSigma adds a lot of convenience features that others may overlook. Getting into a DeFi network for the first time may be a difficult procedure, especially for outsiders who are unfamiliar with decentralized financing.

Outside of the enthusiast community, DeFi has a bad image due to high learning curves simply to conduct the most basic of transactions, as well as numerous horror tales of flash-loan assaults and exit scams. Before DeFi to really become a popular tool where the ordinary joe can exchange currencies, invest in lucrative liquidity pools, or generate a highly profitable passive income, a lot more work has to be done. The DeFi products from xSigma provide a foretaste of such a future.

Their platform is not only simple to use and trust-inspiring for anybody looking to get into DeFi for the first time, but it’s also secure, thanks to the backing of a publicly traded and SEC-regulated company. xSigma may be the first significant platform to make using DeFi as simple as using an ATM. They still have a lot to prove, but after reading our xSigma review, you should be keeping your fingers crossed for this one.

xSigma Review
  • User-Friendliness
  • Features
  • Values of the Project
  • Tokenomics
  • Sustainability in the Long Run

Pros

  • For a DeFi-focused product, their platform is very simple to use, which is particularly beneficial for casual users or beginners who may find most other DeFi platforms complicated or overly sophisticated.
  • The fact that xSigma is backed by a major Nasdaq-listed business that is also supervised and regulated by the SEC lends credibility to its customers.
  • With the assistance of completely decentralized community governance, a strong plan for 2021 is being developed.
  • In comparison to certain other DEX platforms, liquidity pools and farming profits provide higher average returns.
  • Because xSigma plans to create an NFT marketplace alongside their DeFi platform, there’s a chance for further exposure (and perhaps a synergy).

Cons

  • A relatively new platform that will face stiff competition from existing DeFi giants, particularly those that provide decentralized exchange (DEX) services.

The xsigma lab is a new cryptocurrency that has been released in 2021. It was created by the company xSigma, and it is set to be a next best curve finance.

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About the author

Emilia James
By Emilia James

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