Review on PAX Gold by Digital Convict
Gold Fill-ERC-20
The Paxos mission are to digitize and mobilize the world’s asset. They tokenized on Ethereum blockchain the physical
gold, like ancient Greeks does 2500 years ago.
But, could you be sure what this fine Oz of shining yellow brick stays physicaly in the vault? YES!!!! Each token is backed by gold bars!!!!
Past september 11th 2020 on Medium. PAXOS or itBit as they knows on 2015, announced their growth demand (31,000 tokens & 78 bar). Then celebrates his first year old of been approved like the only regulated gold-backed digital asset, by the NYDFS.
You can verify this info on the DFS site, tittled: "Superintendent of Financial Services L.A. Lacewell Announces Approval of First Gold-Backed Virtual Currency in New York State. Paxos Trust Company LLC, an Existing DFS Licensee, is Now Authorized to Offer “PAX Gold” via Press Release; September 5, 2019 dated.
PAX Gold is already approved, buy not listed on the VC permitted coins. In January 27, 2020; The Paxos Trust Company GC&CCO sends a letter to the Superintendet of NYDFS suggesting the
addition of the coin.
This Token is Digital Gold, literaly, If you are interested on this investment you could do a minimum purchase of 0.01 oz, almost $20 in one of the most importatn lending platforms.
They have a online tool on ther website where you can to lookup the serial number and information about your gold, all you need to do is enter your ethereum address to know the allocation.
Pros
- Gold backed
- DFS approved
- Allocation Lookup Search
Cons
- none
