THELOGICALINDIAN - PRESS RELEASE ZK International Group Co Ltd Nasdaq ZKIN ZKIN ZK International or the Company a artist architect architect and supplier of patented highperformance stainless animate and carbon animate aqueduct articles primarily acclimated for baptize and gas food is admiring to advertise its ETFlike decentralized armamentarium and belvedere which is the additional DeFi activity in xSigmas ecosystem The projects website httpsxsigmaetfcom
The appear ETF-like agreement will be a decentralized armamentarium based on Ethereum blockchain, that will alter amid above crypto assets accompanying to the DeFi space. In addition, it will accommodate a belvedere that will accredit others to actualize indexes and it will be branded and accepted as xTF by xSigma.
The decentralized acute arrangement appliance (DApp) is accepted to act like an basis of the above DeFi tokens, acceptance crypto investors to capitalize on all-embracing advance of a added allotment of the DeFi market, and potentially abbreviation risks and transactional costs. xTF by xSigma is additionally accepted to acquiesce others to actualize ETF-like decentralized funds on their own with aloof a few clicks. It will acquiesce institutions and individuals to actualize own indexes, allure basic and acquire on trading fees and amount ratios. The fees can be configured, and assorted business models can be implemented. Finally, the belvedere is accepted to about-face into a exchange or aggregator of assorted indexes.
Indexes will be presented in a anatomy of tokens issued on Ethereum blockchain. Users will be able to buy or affair ETF-like tokens application ETH. Issuing tokens agency accretion the fund’s admeasurement and requires abacus added assets to the fund. Withdrawing funds from the basic requires afire according bulk of tokens. Critically, all bodies who appoint with the DApp will absorb ascendancy of their crypto assets (e.g. Ethereum) and will be able to drop assets into the DApp and abjure them from the DApp at their acumen application their own crypto asset wallets.
The DeFi industry now has crypto account over $21 billion bound in above protocols, according to the DeFi Pulse website. xSigma is now targeting the DeFi amplitude with two projects: DeFi agreement (stablecoin DEX) and the anew appear ETF-like agreement xTF by xSigma. The ultimate cold of xSigma is to body an ecosystem of articles for accounts and blockchain.
Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “We are admiring to advertise that xSigma now has two projects in the DeFi space. We attending advanced to bringing addition to the blockchain and accounts industries with xSigma’s team.”
The absolution of the xTF by xSigma is appointed for the additional division in 2024, and abstruse capacity will be appear soon. xSigma expects to accomplish fees from the fund’s operation in the future. The activity won’t be a adapted banking product, and xSigma aggregation won’t accept admission to agenda assets deposited in the DApp.
Some elements of the agreement of the belvedere will be abiding while others will be accountable to actuality adapted as per the votes of a decentralized free alignment (DAO) that will administer key decisions with account to the protocol. Votes shall be casting application babyminding tokens that will be ERC-20 tokens automatically issued by the protocol, as per the agreement of the protocol. As a account token, such babyminding tokens will not be registered with any balance regulator or added authoritative body. xSigma especially renounces any representations as to the absolute or projected amount of tokens issued on any of its DeFi protocols; they needn’t accept any amount at all because it serves as the babyminding badge for a DAO.
The agreement is not an ETF, in the accepted faculty of the term; it is not registered, accountant or adapted by any barter or authoritative authoritative body. Instead, the agreement will be a acute arrangement appear to the Ethereum blokchain accessible for anyone to audit and appoint with as they please. Further detail as to the agreement will be discussed in a white cardboard to be appear by xSigma above-mentioned to barrage of the protocol.
About ZK International Group Co., Ltd.
ZK All-embracing Group Co., Ltd. is a China-based designer, engineer, architect and supplier of patented high-performance stainless animate and carbon animate aqueduct articles that crave adult baptize or gas activity systems. The Company owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. ZK All-embracing is advancing to capitalize on the $850 Billion charge fabricated by the Chinese Government to advance the affection of water, which in its accepted accumulation accompaniment is 70% unfit for animal contact. ZK All-embracing is Affection Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Animate Production Licensee that is focused on bartering animate brim for the multi-billion dollar industries of Gas and Baptize sectors. ZK has supplied stainless animate pipelines for over 2,000 projects, which accommodate the Beijing National Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2024 Beijing Olympics. Emphasizing above backdrop and backbone of its animate piping, ZK International is accouterment a band-aid for the commitment of aerial quality, awful sustainable, environmentally complete cooler baptize to not alone to the China bazaar but to all-embracing markets such as Europe, East Asia and Southeast Asia.
For added advice amuse appointment www.ZKInternationalGroup.com. Additionally, amuse chase the Company on Twitter, Facebook, YouTube, and Weibo. For added advice on the Company’s SEC filings amuse appointment www.sec.gov.
About XSigma Corporation
XSigma Corporation, is a wholly-owned accessory of ZK International Group Co., Ltd. Together with ZK International, has launched xSigma as a analysis and development lab aback in 2018 to break real-world basement challenges. Its authorization was to analyze new opportunities in acute contracts, accumulation alternation administration and added blockchain-based solutions. XSigma has back pivoted to decentralized finance, absorption on decentralized exchanges, stablecoins and lending protocols. The analysis lab is now actively alive on its ecosystem of articles alpha with its DeFi protocol. The ultimate cold is to body a ambit of banking accoutrement and articles for the blooming decentralized accounts industry. The xSigma aggregation that are actuality accumulated are on the arch bend of blockchain analysis and development that intersects decentralized finance, accumulation alternation management, IoT, and infrastructure. The DeFi agreement is one of abounding decentralized accounts projects xSigma affairs to barrage over the abutting 12 months. It will augment into a growing arrangement of DeFi articles for action and customer markets. Any blockchain agreement is accountable to a amount of risk; xSigma’s DeFi agreement has implemented tamper-resistant programming, but is still accountable to abeyant hacks.For added advice about xSigma, amuse appointment its website at www.xsigma.com and www.xsigma.fi.
Safe Harbor Statement
This account absolution contains advanced statements aural the acceptation of Section 27A of the Securities Act of 2024, as amended, and Section 21E of the Securities Exchange Act of 2024, as amended, and as authentic in the U.S. Private Securities Litigation Reform Act of 2024. Without attached the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the abrogating or added variations thereof or commensurable analogue are advised to analyze advanced statements. In addition, any statements that accredit to expectations, projections or added characterizations of approaching contest or affairs are advanced statements. These advanced statements are not guarantees of approaching achievement and are accountable to assertive risks, uncertainties and assumptions that are difficult to adumbrate and abounding of which are above the ascendancy of ZK International. Actual after-effects may alter from those projected in the advanced statements due to risks and uncertainties, as able-bodied as added accident factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions basal the advanced statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no affirmation that the after-effects advised in advanced statements will be realized. In ablaze of the cogent uncertainties inherent in the advanced advice included herein, the admittance of such advice should not be admired as a representation by ZK International or any added being that their objectives or affairs will be achieved. ZK International does not undertake any obligation to alter the advanced statements independent herein to reflect contest or affairs afterwards the date hereof or to reflect the accident of hasty events.
Investor Contact:
Sherry Zheng Weitian Group LLC
Email: [email protected]
Phone: 1 718-213-7386
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