Review on PAX Gold by José A Rodríguez
Paxos: Leading the Gold Investments Through and Open Source Cryptocurrency Network
Paxos is, overall, a blockchain with a dynamic view that offers a set of multiple services for the allied releases it has. Currently, the Paxos Gold network is offering a chance to customers of owning gold through a great interaction with crypto in the open market. It depends on a reliable process that is certified and legit. Trustworthiness is one of the roots of this blockchain, and it keeps growing up with great effectiveness for the security of the community. The token offered by this company which is called PAXG has a good a price backed according to a little amount of gold.
Everything is structured and measured carefully, so I think how the company provides access to this rich precious metal is fine. Moreover, for internal cryptocurrency trading, it offers an effective operation since it is an ERC-20 token. It is one of most supported tokens by the Ethereum network.
This project comes from a group of enthusiasts lead by an American association in which each one of its members wants and promotes the best for the growth of the project. Until now, Paxos has been a blockchain of great support. The Paxos Gold network is even a better strategy for customers and the company itself. It works normally as a common blockchain, its token is highly accepted through different exchange markets. Even the rank of best trading services offer support to it.
This project is not so difficult to understand since, in the today's world, gold is becoming even a better allied to the finances because it is the only precious metal that would have a consistent value through the pass of the years. The scalability and liquidity offered by this blockchain won't be easily found in other projects, so I recommend users to research about its policies and advantages in the whitepaper provided.
Pros
- Network supported by a great number of markets and digital partners including exchanges services offering liquidity for the token, and listed wallets programmed for open and unlimited storage.
- Great platform design, and practical view for the content offered on the web page.
- Flexibility, security, and privacy offered as a set of practical features.
- It is a blockchain bringing support to a precious metal baked in the common cryptocurrency market options.
Cons
- It has a low scope registered despite all the partnership it has, and the support provided for exchanging the token.
- The PAXG token has little value in the general market. It is little, at least, to buy it as an investment.
