Press release

DMEX Integrates xDAI for Cheap Decentralized Perpetual Contracts With up to 100x Leverage and No KYC

22/01/2021 by Idelto Editor

PRESS RELEASE. In response to rising gas prices during the last weeks, DMEX has moved its trade processing to xDAI sidechain that allows for much cheaper transaction recording. Customer funds are still stored on an Ethereum smart contract, the trade recording, however, is now performed on xDAI.

This change allows users to place orders as small as 100$ which was impossible until now, with minimum order requirements growing up to 200k$ during gas price spikes on Ethereum.

The new structure allows for a flat minimum order value of 100$ independent of Ethereum gas prices.

How does it work?

The custody smart-contract remains on the Ethereum blockchain, therefore the same margin currencies are used for trading (ETH, BTC or DAI), while the smart contract responsible for trade processing and recording is hosted on the xDAI sidechain. Whenever a user deposits funds to DMEX, the custody contract (on Ethereum) communicates with the trading contract (on xDAI) through a decentralized bridge and communicates to the trading contract that the user has performed a deposit.

The trader then commences trading on the xDAI contract with cheap gas fees and low minimum orders. Whenever the trader wishes to withdraw funds from DMEX, a request is sent from the xDAI trading contract to the Ethereum custody contract to release funds to the user wallet.

DMEX offers the best decentralized user experience for perpetual futures contracts with up to 100x leverage with lightning-fast trade execution, instant withdrawals, and no KYC checks. Check out the DEMO version to see it with your own eyes.

Media Contact: [email protected]

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

YfDFI Finance: Much Anticipated Farming Platform Released

21/01/2021 by Idelto Editor

PRESS RELEASE. As of today, YfDFI Finance is launching not one, not two, not three but four farming pools, locking up a huge chunk of its circulating supply. The team could not have achieved this without the continuous support from the community.

Starting off 2021 the right way!

“Our team has been working tirelessly throughout the holidays to live up to the community’s expectations. Internally, our mantra the past couple of months has been: ‘Underpromise and overdeliver’. With overwhelming support from our community, we have reached every single milestone on our roadmap so far, mainly within the established time-frame, and sometimes even sooner” said Calliba, Project Coordinator. He continued:

“With the recent market surge we are excited to be in a position where we are more than ready to ride the incoming wave. We’ve waxed up our surf boards and are ready to ride. We’ve also had a ‘New Year Makeover’ – new name, new face, but the same beast within. More importantly, the core of our protocol (our smart contracts) have been audited by Hacken and all marked ‘Well Secured’.”

In order to continue the path YfDFI Finance has been following, and ensuring the safety of the platform, the team has decided to push the collaboration with Hacken one step further. Every single contract in the farming platform has been independently audited by Hacken to ensure the safety of liquidity providers’ funds. With security confirmed, the time to release Farming and reward the community has arrived.

Introducing the YfDFI Farming Platform

Yield farming has taken the DeFi industry by storm over the last few months. It began with all the food tokens that hit the market. Now the time has come to focus on the more serious and well thought-out options. YfDFI Finance watched the developments in the market closely, taken notes, and put all the knowledge into the development of its own farming platform.

One factor that YfDFI Finance could not ignore is that many wealthy individuals have been moving from one pool to another in order to farm with the highest yields. Projects increase after opening up their pools to be left for dead when the rewards dry up. YFD is building a robust system focused around the community that will protect the value of the token long-term. Simply luring in outside investors with the offer of high yields would not be in the best interests of the community, and therefore is of no interest to YFD either.

Investors have also seen that many tokens offer high yield farming but simultaneously increase the circulation supply substantially. This causes inflation, and thus slowly decreases the value of the token. On the other hand, locking up tokens for long periods without allowing withdrawal is something only beneficial to the project, and not so much to the token holder. Access to one’s funds is of paramount importance. Taking all of these factors into consideration, YFD has developed its own farming platform which is fair to all. As rewards are coming from an allocated pool of funds, this structure is entirely sustainable for the 18 month duration.

How does the YfDFI Farming Platform work?

Starting today, the 20th of January 2021, YFD is allowing anyone to farm using its Farming Platform. Anyone that wishes to participate has to follow the next steps;

Head over to UniSwap and locate the YFD/ETH liquidity pool under “Pools”.
Add as much liquidity as you like. This works in a 50/50 ratio between YFD and ETH.
Head back to the YfDFI Farming Platform and choose the vault that you want to contribute to.
Deposit your YFD/ETH UNI-V2 LP tokens.
Sit back and watch the rewards roll in!

For more info you can check out the Medium article here: https://link.medium.com/NlTW4dHjcdb

And that is all there is to it! YFD has four farming vaults available, varying in size of reward supply and longevity. There is an expiry date for each pool and a locking period. Within the locking period, you will be unable to withdraw your tokens or any rewards. After that period you can unstake your tokens at any given moment. However, when you complete the entire period, your rewards will be much higher!

The details of each of the four vaults are as follows:

Vault 1: Locking period 3 days. Total monthly reward for vault = 30 tokens. Duration 12 months. Expiry 20/01/2022
Vault 2: Locking period 30 days. Total monthly reward for vault = 60 tokens. Duration 12 months. Expiry 20/01/2022
Vault 3: Locking period 60 days. Total month reward for vault = 80 tokens. Duration 12 months. Expiry 20/01/2022
Vault 4: Locking period 90 days. Total monthly reward for vault = 110 tokens. Duration 18 months. Expiry date 20/07/2022

Want to learn more?

For more information regarding the farming pools, please check out the links below:

YfDFI website: https://yfdfi.finance/

Farming platform: https://yfdfi.finance/farming-vault

Farming Audit Report: https://hacken.io/wp-content/uploads/2021/01/YFDFI_Vaults_Audit_Report140121.pdf

Farming documentation: https://docs.yfdfi.finance/pools/liquidity-farming-pool

About YfDFI Finance

YfDFI Finance aims to become the first DeFi Financial Center fully powered by the community. The YfDFI ecosystem is a community-centered project aiming to rebuild all classes of financial services provided in traditional finance but through DeFi protocols (farming, governance, insurance, credit, exchange, self-banking etc.). All solutions will be community-developed and all profits generated by the ecosystem will be automatically redistributed to all contributors (YFD token holders).

Press contact: Calliba, Project Coordinator

Email: [email protected]

Rice-Based Stablecoin Is Being Launched in Indonesia

20/01/2021 by Idelto Editor

PRESS RELEASE. Penjaga Lilin Nusantara, an Indonesian Cooperative in Malang – East Java is setting up Ricetron.com a Tron-based DeFi to tokenized rice-based stablecoin. The website aims to invite crypto enthusiasts to stake Tron and mint RET (Rice Economy Token), a governance token that will fund RIC (Rice Inventory Coin) stablecoin.

RET token holders will benefit from 30% of all transaction fees and profit-sharing of RIC DeFi, where once the DeFi platform running will be distributed back as Protégé Dividend to RET token holder wallets.

Total supply is 269,000 RET with only 190,000 RET minted through staking. It is a TRC-20 token, using a TRX blockchain where the speed and the fee of transaction are much better compared to ERC based token.

Indonesia uses BULOG (state-owned logistic company) to stabilize staple prices, which mostly focuses on rice. Due to lack of data reading skills, BULOG wastes 30,000 ton decayed rice every year, which amounts to almost 30 Million USD/year of the Indonesian government budget.

“The whole idea came from our meeting with a cooperative chairman named Mr. Steven Henry Raharjo. His cooperative has a rice savings program where with this program, he is able to make price stability for its members. Besides that, rice savers can also get additional rice at the end of the year as well as give zakat and donations to those around them who need it without having to spend any more money.” says Mr. Victorinus Widyanto, COO of Ricetron.

So, combined with Indonesia’s BULOG problem, the cooperative came up with an idea to tokenize premium-grade Rice and also take advantage of the recent cryptocurrency bull run. By creating rice based stablecoin, it gives people more access to rice (especially BULOG rice). In addition, RIC can also be converted to DeFi savings and collateral, and it guarantees RIC holders to fresh rice at the time of exchange, since it is backed by BULOG’s purchase order (voucher) with no time expiration. 1 RIC cryptocurrency equals 1Kg of premium grade rice, and more rice stablecoin will be launched in the future with different rice grades.

This project also benefits BULOG in creating consumers-based data, optimizing the agency rice procurement and the most important thing reducing the government budget loss yearly.

“Meanwhile RET will also be used as an anchor token for cooperative future projects. So people can participate to fund future projects by staking RET” says Mr Eka Suwandana, CTO of Ricetron.

Ricetoken.com started the staking program on 15th of January 2021, it is divided in 7 rounds. It is also now offering a Youtube Staking Contest, where 20 RET in total will be given as Prize. Checkout their telegram channel https://t.me/ricetron, for more information.

Media Contact: [email protected]

xSigma Announces Its ETF-Like Decentralized Fund and Platform

19/01/2021 by Idelto Editor

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 primarily used for water and gas supplies, is pleased to announce its ETF-like decentralized fund and platform, which is the second DeFi project in xSigma’s ecosystem. The project’s website: https://xsigma-etf.com.

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

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

Indexes will be presented in a form of tokens issued on Ethereum blockchain. Users will be able to buy or issue ETF-like tokens using ETH. Issuing tokens means increasing the fund’s size and requires adding more assets to the fund. Withdrawing funds from the capital requires burning according amount of tokens. Critically, all people who engage with the DApp will retain control of their crypto assets (e.g. Ethereum) and will be able to deposit assets into the DApp and withdraw them from the DApp at their discretion using their own crypto asset wallets.

The DeFi industry now has crypto worth over $21 billion locked in major protocols, according to the DeFi Pulse website. xSigma is now targeting the DeFi space with two projects: DeFi protocol (stablecoin DEX) and the newly announced ETF-like protocol xTF by xSigma. The ultimate objective of xSigma is to build an ecosystem of products for finance and blockchain.

Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “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 xSigma’s 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 fund’s operation in the future. The project won’t be a regulated financial product, and xSigma team won’t have access to digital assets deposited in the DApp.

Some elements of the protocol of the platform will be immutable while others will be subject to being amended as per the votes of a decentralized autonomous organization (DAO) that will govern key decisions with respect to the protocol. Votes shall be cast using governance tokens that will be ERC-20 tokens automatically issued by the protocol, as per the terms of the protocol. As a utility token, such governance tokens will not be registered with any securities regulator or other regulatory body. xSigma expressly renounces any representations as to the actual or projected value of tokens issued on any of its DeFi protocols; they needn’t have any value at all because it serves as the governance token for a DAO.

The protocol is not an ETF, in the conventional sense of the term; it is not registered, licensed or regulated by any exchange or governmental regulatory body. Instead, the protocol will be a smart contract published to the Ethereum blokchain open for anyone to inspect and engage with as they please. Further detail as to the protocol will be discussed in a white paper to be published by xSigma prior to launch of the protocol.

About ZK International Group Co., Ltd.

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

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About XSigma Corporation

XSigma Corporation, is a wholly-owned subsidiary of ZK International Group Co., Ltd. Together with ZK International, has launched xSigma as a research and development lab 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. XSigma has since pivoted to decentralized finance, focusing on decentralized exchanges, stablecoins and lending protocols. The research lab is now actively working on its ecosystem of products beginning with its DeFi protocol. The ultimate objective is to build a range of financial tools and products for the flourishing decentralized finance industry. The xSigma team that are being assembled are on the leading edge of blockchain research and development that intersects decentralized finance, supply chain management, IoT, and infrastructure. The DeFi protocol is one of many decentralized finance projects xSigma plans to launch over the next 12 months. It will feed into a growing network of DeFi products for enterprise and consumer markets. Any blockchain protocol is subject to a degree of risk; xSigma’s DeFi protocol has implemented tamper-resistant programming, but is still subject to potential hacks.For further information about xSigma, please visit its 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 of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of 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 that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Investor Contact:

Sherry Zheng Weitian Group LLC

Email: [email protected]

Phone: +1 718-213-7386

The Foundation for Economic Education Announces Two Major Gifts From Bitcoin.com Founder Roger Ver

19/01/2021 by Idelto Editor

PRESS RELEASE. 19th January 2020, St Kitts & Nevis & Atlanta – The Foundation for Economic Education (FEE.org) announced today that Bitcoin.com founder and early cryptocurrency investor Roger Ver has made two gifts totaling $2,000,000 in Bitcoin Cash (BCH) to support FEE’s work in advancing individual liberty and educating students around the world on the moral and economic foundations of a free society. The first $1 million gift supports FEE’s marquee events in 2021–FEE’s 75th anniversary year–as well as additional student programs, including online educational content and books. The second $1M gift takes the form of an endowment, which will be a perpetual source of support for FEE’s educational activities.

Ver, who previously donated $1,000,000 in Bitcoin to FEE in 2013, said he owes an intellectual debt to FEE and is making this new donation at a time during which he believes FEE’s work is needed more than ever.

“I was a subscriber to FEE’s long-running magazine “The Freeman” when I was in high school and I owe a lot of my success in Bitcoin to what I learned reading about the moral urgency of having a monetary system that exists separate from state force,”

said Roger Ver. He continued:

“I was looking around the world today and I saw global lockdowns, inflation, attacks on individual liberty, and I thought: ‘Who are the most important voices of freedom today?’ FEE is at the top of my list. I want to help FEE have the same impact on the lives of millions of young people that they did on mine.”

FEE – Anything Peaceful

Founded in 1946, FEE is the oldest libertarian think tank in the U.S. FEE is celebrating its milestone 75th anniversary with events throughout 2021, including FEEcon (in Atlanta from June 17-19) and the FEE 75th Anniversary Gala on June 19th. Each year, FEE reaches an audience of hundreds of millions online and nearly 20,000 students through classroom programs in colleges and high schools in both the United States and Latin America.

“Roger supercharged our online growth in 2013 when he gave an unprecedented $1M in Bitcoin to FEE,”

said FEE’s Executive Vice President Richard N. Lorenc, who went on to say:

“At the time, this was the largest-ever donation of cryptocurrency and helped us significantly along a path of growing educational impact ever since. With these new major gifts of Bitcoin Cash, Roger continues his transformational giving just as we begin to celebrate FEE’s 75th year and unveil our campaign to expose ever greater numbers of students to the ideas of liberty, both in their classrooms and online.”

Asked why he chose to make his gift in Bitcoin Cash, Ver remarked:

“Bitcoin Cash of all cryptocurrencies has the best chance at creating more economic freedom around the world. Unlike the legacy Bitcoin chain, Bitcoin Cash can be sent instantly around the world to anyone for a fraction of a penny without arbitrary government limitations. It has the kind of potential that got me so excited about first investing in Bitcoin and Bitcoin companies back in 2011, and that potential lines up perfectly with the work FEE is doing to realize a freer, more peaceful world.”

With the new gifts from Ver, FEE plans to quickly grow their capacity to continue producing powerful videos, writing compelling articles, and developing classroom materials all focused on advancing individual liberty, free enterprise, and limited government in the realms of economics, art, careers, culture, and more.

“Roger’s pioneering work in the cryptocurrency space shows how ideas can and do change the world,”

said FEE’s President Zilvinas Silenas.

“Likewise, Roger’s continued investment in FEE emphasizes FEE’s vital role in the field of economic education. FEE is the premier player in introducing the ideas of liberty and individual empowerment to young audiences, and we are honored that Roger recognizes our groundbreaking work online and in the classrooms. With the support of farsighted philanthropists such as Roger Ver, FEE will succeed in making human liberty the most credible economic and political philosophy among the rising generation.”

To learn more about FEE’s online and classroom programs and online media, visit FEE.org. To learn how you can attend FEEcon 2021, visit FEEcon.org. To join FEE in their mission to advance the foundational ideas and principles of a free society –individual liberty, free enterprise, limited government, entrepreneurial value creation, and high moral character – for the rising generation, visit: FEE.org/donate

To learn about how you can start using Bitcoin Cash today, visit bitcoin.com to download the wallet and purchase your first Bitcoin Cash.

Media Contacts Details

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