Review on PAX Gold by Robiul Islam
Is PAX Gold good for investment?
It is a real world asset backed stable-coin created as an ERC-20 token on the Ether blockchain, consolidating the incentive of gold with the mobility of advanced resources. It presents an effective method to purchase, hold, exchange, loan, and move gold without the security, distinctness, and versatility challenges ordinarily connected with gold bars.
It gives investors with a similar incentive of physical gold, notwithstanding the liquidity, security, and distinctness of advanced resources controlled by Blockchain innovation. So YES! it is a wise investment decision.
Pros
- Paxos has a fruitful history of developing and maintaining after stablecoins.
- It gives admittance to fragmentary gold possession.
- It is at present listed on respectable exchanges, including Uniswap and Kraken.
- As it is given by a state-contracted trust organization, client resources are secured if the organization gets ruined.
Cons
- Just KYC confirmed users can purchase, convert, or reclaim.
