xSigma is a decentralized stablecoin exchange run by a NASDAQ-listed company. DEXa reaches impressive total trading volume of $112 million in first month since launch. xSigma continues to grow: Gas Cashback, new roadmap, introduction of betting pool and inclusion of platform for Layer 2 implementation.
xSigma DEX sets new records in first month
Backed by ZK International Group, a NASDAQ-listed company based in China, xSigma launched its stable DEX on the 24th. February 2021. That day the exchange had an incredible launch, and the entire surrounding ecosystem set new records for theFi industry in its first month of operation. Total trading volume was $112 million, and daily trading volume reached $15 million.
In the first month, the number of holders of SIG tokens – the platform’s own tokens – exceeded 2,600. In total, SIG trading volume exceeded $50 million on Uniswap in the first month of operation, and 1.8 million SIG tokens were issued to liquidity providers. The native xSigma token has also been made available to many others. It has been added to price aggregators CMC and CoinGecko, wallet trackers Zapper, Blockfolio and Zerion and is also integrated with 1inch.exchange.
xSigma recently introduced Pool 3, which enables SIG Strike. More than $2.5 million is now tied up in the pool.
ℹ️ For your convenience, we have prepared instructions for Pool 3: https://t.co/5OzgNUFL0h.
– xSigma (@xSigma5) 28. March 2021
The developers ofare continuing with.
xSigma’s strong team of technology veterans did not rest on their laurels after the successful launch of DEX and continued to develop new ways to benefit the community. Pool 3 has been introduced and allows for GIS stacking. It was also revealed that the platform chosen to implement L2 is zkSync, the first zero-knowledge Ethereum role developed by Matter Labs.
To help xSigma users pay for the high cost of using the Ethereum network these days, the Gas Cashback program was introduced. This generous initiative is open to holders of at least 30 GIS with transactions over $1,000. Up to 80% of transaction costs are subsidized by xSigma and paid directly to eligible users in Ether.
In the first month of its launch, xSigma also published its roadmap. The plan includes several proposals to develop the ecosystem, such as a series of promotions to raise xSigma’s profile and attract new users and liquidity providers, as well as partnerships with other largeFi players. The Group has also committed to burn additional unprinted tokens from the Reward Fund and to burn the same amounts pro rata from the Devaluation Fund and the Growth Fund. It also creates an off-chain DAO where GIS owners can vote in proportion to their share, but without having to pay for gas.
All of these milestones show how dedicated the team is to rewarding the community and making xSigma a top-notch MA for the DeFi generation.
The xSigma lab has chosen @zksync as the platform for their DEX layer-2 implementation of stablecoin.
xSigma will share its knowledge and expertise with @the_matter_labs to deliver one of the first stablecoin⚡️ L2 DEX pic.twitter.com/IiVKaQuTYm
– xSigma (@xSigma5) 29. March 2021
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