Review on PAX Gold by Özgün A
Pax will be Gold
PAX Gold (PAXG) is a gold-backed cryptocurrency. So it is sensitive to gold price fluctuations. The increase in gold prices will add value to Pax Gold, and the fall in gold prices will depreciate.
For the first time there is a physical presence behind a cryptocurrency.
Pax Gold is built on erc-20.
You can make many transactions and conversions on the Paxos platform. PaxGold can be easily used for physical coins and physical gold in use.
It has the support of the gold commissions in New York and London. So it's a legal system.
If you have more than 430 Paxgold, he can use his Paxcoins for physical gold bars.
Paxos company collaborates with companies such as Deloitte and Grant Thornton for internal audit processes. It is completely transparent and reliable.
Competing with Tether Gold, let's see if Pax Gold can win this battle.
PaxGold is listed on major exchanges such as Binance. This situation gains the trust of the users.
Pros
- It is a currency indexed to gold
- In partnership with the London Good Delivery gold bar trading company
- You can store gold in the safest safes used in the world.
- There is no requirement to have a full bar of gold.
Cons
- Competing with Tether Gold challenges Pax Gold
New products
Comments (1)
December 25, 2020
I think it is very good that it is both ERC-20 based and a gold-indexed token. After all, gold is a more important and more valuable asset than the dollar. That's why I believe it is a much more reassuring project. It was a good review
