Review on PAX Gold by Yenkelys Barcenas
PAX GOLD. A stablecoin to saving the futuro.
PAX GOLD is a cryptocurrency to tokenize gold. It was designed with the characteristics of Ethereum coins, at the time when gold becomes attractive to people who want to invest their money and generate profits, each token is equivalent to a fine troy ounce of gold guarded by PAXOS, so that those who own this coin are entitled to the amount of corresponding gold. This stablecoin is directly linked to gold in a proportional relationship, so with the increase in gold, the value of this currency would also increase for the benefit of its users.
PAXOS has established itself on the blockchain network and has earned the trust of investors, being backed NYDFS, just like BUSD, but the last one has its equivalent in USD. According to some web portals, PAXOS is among the best blockchains in the global cryptocurrency rating with a good market capitalization and an average trading volume of $ 386.5K and with an excellent growth projection since its launch.
PAXG, can be exchanged for a physical gold bar or for USD, this will depend on the user and their immediate needs. One of its benefits is that Paxos acts as a walett and as an exchange, and for that reason, PAXG stablecoins can be saved and exchanged among the most widely used cryptocurrencies today. PAXG's purchase process is quite simple and similar to that of other cryptocurrencies, the user needs to hace an account in the PAXOS blockchain to carry out the purchase operations, with a local exchenges you buy any of the cryptocurrencies accepted by paxos, experts suggest using standard pax to avoid price variations then transferred to your paxos account and from there users can buy PAXG. Buying this currency is a simple process, however it is still a risk, knowing that gold could vary in sometime, but being attentive to market changes allows you to prevent loss situations and PAXOS helps you stay informed. PAXG is a great way to save for the future
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Pros
- Buy PAXG is like to buy gold.
- The network is very reliable and it is backed by.
- It is a project that is growing by leaps and bounds
Cons
- The price of gold can become unstable.
