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Paxos Standard Review

22

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Very good

Revainrating 4 out of 5  
Rating 
4.1
Crypto Projects, Stablecoins, ERC20

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Description of Paxos Standard

Paxos is represented as a Trust company, that is regulated by the New York State Department of Financial Services. Paxos token PAX is the first digital asset issued by a financial institution and is fully collateralized by USD.

Reviews

Global ratings 22
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Type of review

Revainrating 3 out of 5

Paxos: Adoption of blockchain with the highest social integration, speed and productivity.

Paxos is another right companion for government departments in the economic world. Blockchain is a small business, but it raises a number of issues to better represent many businesses. The truth is very important from the outset, so many people have indexed it as part of their supplier. Developed within the framework of the ERC20 protocol, so it blesses the encrypted property of immutable and decentralized accounting. PAX shows that this digital Forex is nothing more than a cryptocurrency that…

Pros
  • Good advertising for the liquidity of several programs. It offers a high-performance advertising gadget.
  • PAX is nothing more than a way to access automated coins and green coins.
  • Allows you to easily transfer and pay internationally.
Cons
  • No flaws.

Revainrating 5 out of 5

Crypto Money Market with PAX

Paxos Standard has determined its slogan as the opportunity to process Internet speed. Paxos, with the goal of digitizing the US dollar, has been developed to transfer money regardless of time and place. PAX is a stablecoin that is important with the feature of the US dollar being stable along with Blockchain technology. Paxos acts as a bridge between digital and fiat currencies. As we mentioned above, PAX functions as a stablecoin fully integrated with the dollar. PAX, which provides great…

Pros
  • It is traded as a stable coin to protect your digital assets against the possibilities of volatility.
  • It allows you to trade in your transactions and between your cryptocurrencies in a cheap and easy way.
  • Banks in traditional systems have limited transaction hours. However, PAX allows you to trade outside of working hours.
  • It allows you to easily transfer and pay around the world.
Cons
  • It needs a little higher

Revainrating 4 out of 5

PAX is a great way to store your property in crypto without worry of variations in fee.

Paxos is regulated and certified through the New York State Department of Financial Services. The Paxos general (PAX) is a digital forex with a most trouble value of 249,951,954 PAX and is approximately ninety five% circulating in the market. It persisted to expand and convey associations in area as an business enterprise. PAX is a stablecoin this is critical for the steadiness of america dollar at the side of Blockchain era. This computerized foreign money is controlled and secured by way of…

Pros
  • USD sponsored cryptocurrency.
  • It presents on the spot and fee-free conversion to dollars.
  • Solid crew and network aid.
  • It allows you to without difficulty transfer and pay worldwide.
Cons
  • It compromises privacy and anonymity.

Revainrating 4 out of 5

Today I am going to talk you about Paxos Standard and its features.

Since last year, cryptocurrency investors have become more and more interested in stablecoins. One of the stablecoins is Paxos Standard (PAX). If you want to know more, you can continue to read the guide article we have prepared for you. What is the Paxos standard (PAX)? The motto of Paxos Standard is "Transaction at Internet speed". Paxos was developed to digitize US dollars and transfer money anytime, anywhere. PAX is an important stablecoin because it is pegged to the US dollar through

Pros
  • it is stable
  • it is alternative to Tether
Cons
  • nothing here

Revainrating 4 out of 5

Paxos standard is gradually replacing most other digital currency.

A review of paxos standard which will brief the moderators about this platform and what it entails. First,Paxos Standard (PAX) was constructed so cash can move quick,easier and become more responsive. However,PAX is an advanced dollar on like other crypto resources, it can move momentarily, anyplace on the planet, any season of quickly, and it's programmable. Not at all like other crypto resources, PAX is steady. It is upheld 1:1 for the dollar and it's given by the Paxos Trust Company,

Pros
  • It is fully collaterised by the USD.
  • It combines two features that is,the dollar stability and blockchain technology.
  • This platform is trending and fully secured.
  • It could be adopted to sending digital money.
Cons
  • None for this review.

Revainrating 3 out of 5

Paxos: Blockchain adoption, speed and performance with good network integration

Paxos is known as the Trust Fund run by the New York State Department of Financial Services. Paxos Standard (PAX) is a stablecoin manufactured by Erhereum and has been registered with Binance since its inception. This computerized money is managed and secured by the New York City Department of Financial Services (NYDFS). PAX points out that this digital currency is nothing more than a cryptocurrency that is not charged for exchange, payment and conversion. Another dwelling is the absence of…

Pros
  • PAX is nothing more than a way to break into computerized cash and dollars
Cons
  • No flaws

Revainrating 3 out of 5

Managed stable coin U.S. Sponsor Digital Money

Like Tether, Paxos is money that has grown under the auspices of the U.S. dollar. Paxos, on the other hand, is managed and approved by the New York State Department of Financial Services. The Paxos framework combines relevant writing news with a state of confidence aimed at reducing settlement risk. The main idea of ​​improving this organization is to take advantage of many benefits and the idea can be described. The main truth that Paxos is a targeted trust is that it is legally accepted for…

Pros
  • It combines record-breaking news with a state of managed trust
  • The current settlement platform
Cons
  • Managed by the New York State Department of Financial Services.

Revainrating 4 out of 5

A stable-coin that you can trust.

PAX is a decent method to store your assets as crypto unafraid of value variances. As an organization it has kept on enhancing and manufacture associations in the space. One of the primary attributes of this project is that it is wide and you can contribute with this cryptographic money, notwithstanding being accessible to exchange with various digital currencies and it is viable with numerous wallets, which is something great and positive with this project . I've appraised it profoundly

Pros
  • Great market liquidity on each pair.
  • Strong regulation.
  • Solid team and community support.
  • Transparency, and fast transaction speeds.
Cons
  • Regardless of being a stablecoin, it is identified with certain unstable business sectors that are lessening the procedure on it.

Revainrating 5 out of 5

Stablecurrency as an alternative to Tether

Paxos Standard (PAX) is a stablecoin created on the Ethereum network and since its inception it was listed on Binance. This digital currency is regulated by the New York Department of Financial Services (NYDFS), making it safe. It is a proposal for a digital alternative to cash with instant transaction settlement and repayment capacity. It was designed in the ERC20 protocol, therefore, it provides benefits of encryption assets, such as immutability and decentralized accounting. This…

Pros
  • Regulated and secure cryptocurrency backed by US dollars. Being pegged to the dollar it is obviously stable and represents a great alternative to the usual Tether.
Cons
  • Currently there are many stablecoins with the same concept and it will be very difficult for Paxos to stand out in the crypto world.

Revainrating 5 out of 5

Paxos standard: a stable coin that is here to stay in the finacial sytem

Paxos standard (PAX) is a digital currency whose maximum issue is 249,951,954 PAX and is approximately 95% in circulation in the market. The main characteristic of this cryptocurrency is its value peg to the price of the US dollar; which automatically converts it into a stable currency. Hence, its operation is regulated in terms of some services by the New York Department of Financial Services. The PAX token operates under the Ethereum blockchain and due to its parity with the US dollar, it…

Pros
  • It serves as a means of payment as PAX digital currency and as FIAT fiat currency in dollars
  • It is accepted worldwide in many businesses.
  • It allows the conversion to dollar instantly and without commissions.
  • It is a stable value cryptocurrency
  • It allows you to send and receive money quickly and safely in PAX or in US dollars.
Cons
  • There are no disadvantages in its use.

Revainrating 4 out of 5

Regulated Stable coin

Just like Tether, Paxos is a completely USD-backed digital currency. Paxos, on the other side, is regulated and authorized by the New York State Department of Financial Services. Paxos' system incorporates distributed ledger technologies with the regulated trust status to reduce settlement hazards. The idea underlying the development of this network has multiple advantages, and the concept can probably be described. The basic fact that Paxos is a regulated trust makes it lawfully permissible to

Pros
  • USD-backed cryptocurrency
  • Combines distributed ledger technology with the regulated trust status
  • Modern Settlement Platform
  • Regulated by New York State Department of Financial Services.
Cons
  • Compromises privacy and anonymity
  • No profit margin on trading

Revainrating 4 out of 5

Stablecoin is reputable but needs to overcome some points to be used by more people

The stablecoin was licensed by the New York Treasury Department in 2015 and it is certified as a reputable and reliable company. Paxos works in the fiduciary and trading of cryptocurrencies as well as commodities. Its stablecoins include PAX, PAXG, and BUSD. PAX token is a stable coin with the corresponding value of 1: 1 to USD. Released in 2018, PAX runs on ETH's ERC20 blockchain platform. PAX is scheduled to create a contract to launch on the ONT platform, but it has not released on this

Pros
  • Prestigious and sponsored by the New York financial services department
  • Having large capitalization, high liquidity listed on major exchanges
  • It can be stored on popular wallets and especially it can be stored and exchanged on Blockchain wallets
  • Users can switch back and forth between Pax and USD at partner banks with Paxos
Cons
  • Pax has too little supply compared to USDT or USDC
  • Pax only runs on ETH platform, so when the shipping fee on ETH increases, it is a disadvantage compared to other stablecoins.
  • The derivatives of exchanges that do not use PAX
  • Access is restricted to non-US users

Revainrating 4 out of 5

Paxos: Receptivity, Speed, and Operativeness for Blockchain with Good Network Integration

Paxos is another good companion for the governmental sections of the financial world. It is a Blockchain with little trading, but it is increasing the value for other tasks to offer good representation to different institutions. The fact is that it really counts with the main initiative and because of it, many exchanges have listed it at the reach of their services. Commonly writing, it is listed on more than 150 services, even the more useful bring support to it. The good of Paxos is that it

Pros
  • Good promotions for the liquidity of certain programs. It offers a d operative network with a high rating.
  • The PAX token is easy and secure to trade. It is a good partner to represent the value of hybrid money, it means crypto-to-fiat.
  • Practical options and benefit to trading and hold cryptocurrencies. It permits free commerce among peer-to-peer functionalities.
  • Great representation and availability of this token in many different exchanges of global rating.
Cons
  • The project, overall, still seems to be very stocked to governmental policies. Part of its rating has decreased due to the lack of autonomy. It seems to give more value to the movement of the dollar, instead of providing representative value for its own token.

Revainrating 4 out of 5

PAX

To review a stable coin, of course, it must be compared with other stable coins. That's why I want to compare Paxos with Tether, the most popular stable coin, which has been the most valuable stable coin in the cryptocurrencies market for many years. The paxos token is on the ERC20 network, but tether transactions can currently be done from the three networks ERC20, OMNI and TRC20, and transfers from TRC20 are free of charge. One of the advantages of paxos is that it is regulated by the New…

Pros
  • Adjusted by NYDFS
  • Refundable with real usd (Guaranteed cash deposits)
Cons
  • The ERC20 network sometimes deducts relatively large transmission fees from the transmitter.

Revainrating 4 out of 5

STABLE PAXOS

It is a token that has become one of the stablecoin. Created on the most popular Ethereum network on the market, as it was not long ago quickly listed on Binance. In the same way, it is the first digital currency in the industry that is fully regulated by the New York State Department of Financial Services, therefore, tokems tend to be more stable than those that are not backed or converted. Of course the value of each PAX is 1: 1 in relation to the US dollar. The stablecoins for weeks and…

Pros
  • You miss odds of low price in relation to 1: 1
  • Stability and security in transactions, that is, being a currency whose value is not so volatile, it will be an excellent investment for new developers.
  • It can be used to pay for goods and services in a large number of countries.
  • It's one more dollar, only digital
Cons
  • It is the same as USB, it has no difference, which makes many developers prefer USDT
  • It is not considered a cryptocurrency by miners and trading which has caused it to be ignored.

Revainrating 5 out of 5

high quality stable coin project

The Paxos standard stable coin has developed into one of the most widely used stable coin because of its stability to the dollar peg, liquidity, and acceptance at most of the large exchanges. Although the collateral is custodial creating some counterparty risk, the funds are audited and regulated though the Paxos Trust Company. Paxos is gaining ground on Tether as a stable coin solution with higher transparency and less counterparty risk.

Pros
  • Liquidity
  • Trading volume
  • stability to dollar peg
  • Transaction volume
Cons
  • custodial creating counterparty risk

Revainrating 5 out of 5

STANDARD PAXOS, is a dollar-backed stablecoin: it is one of the few stablecoins to have received the approval of the financial authorities of New York State.

Stablecoins were the buzzword in the second half of 2018 and, due to the volatility of the crypto market, are an important but equally controversial instrument for trading. In order to meet the high demand, many new stablecoins were launched by various companies during the second half of 2018. One of these coins was the Paxos Standard Token, PAX for short, which is supposed to compete with the controversial but leading stablecoin Tether (USDT). Paxos describes itself as "the world's first…

Pros
  • Paxos is a trust company regulated by the New York State Department of Financial Services, making it one of the strongest entities in terms of credibility in its ability to support the PAX token with real US dollars.
  • Paxos Standard is supported by many major cryptocurrency exchange platforms
  • The guarantees held in the reserve bank are certified monthly by an independent auditor.
  • A relatively large number of tokens have been issued, which should provide the token with decent liquidity.
Cons
  • Centralized - PAX can be frozen, confiscated, or censored by authorities in the event that they believe any illegal activity has occurred or terms and conditions have been broken.
  • Privacy - Trading PAX in large amounts on cryptocurrency exchanges will require KYC. In addition to this, any user looking to purchase or redeem PAX with fiat will be required to undergo KYC and submit personal identification documents.

Revainrating 4 out of 5

Paxos is a sample of how cryptocurrencies can be regulated and accepted by…

Paxos is a sample of how cryptocurrencies can be regulated and accepted by government regulators, thus providing credibility and support to the project. It is possible to make payments in dollars equivalent but in virtual currency avoiding expensive payment processors or banking transactions that ultimately take away money, especially in international remittance shipments we can send money anywhere in the world avoiding the barriers and sanctions that the States usually place.

Pros
  • It is a stablecoin, for this reason its price is linked to the American dollar, its price will always be 1 dollar. it is duly approved by the regulatory bodies of new york. It is possible to exchange American dollars, very quickly avoiding problems of time. The token is audited which provides respando to the price and really makes us feel that our money is in good hands. Monthly reports are made to verify that the funds are available in the linked banks. available in more than 80 exchanges. The procedure to exchange dollar for paxos in the pax platform is extremely easy.
Cons
  • They have a strong following by the government, which could indicate a certain lack of independence and anonymity of the users that have this stablecoin. For this supported by dollars your price will always remain at the price of the dollar, it is not a cryptocurrency of investment is simply to safeguard our assets in the event of unforeseen events.

Revainrating 4 out of 5

The team has been very guttural and assured regarding their project and there…

The team has been very guttural and assured regarding their project and there token, and this is to be hoped, but in fact the PAX token offers little that is creative in the blockchain space. Its real potency lies in the full USD backing and the backing of fundamental financial institutions. That alone should be enough to keep it from getting lost among other projects, particularly given the auditing and additional trust it will reach versus competing stablecoins.

Pros
  • PAXOS is a great Stablecoin. It's a completely regulated and transparent digital dollar. It's audited and regulated by top financial regulators you can't get more legit then that. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology.
Cons
  • Token allows user to convert digital assets to fiat currencies with no fees. Assets can be instantaneously converted from physical to digital and vice versa very rapidly. Each token is backed by the U.S. dollar, which is held in accounts in major U.S. banks and is insured by the Federal Deposit Insurance Corporation.

Revainrating 4 out of 5

Stable coin

- PAX is a token that is secured one-to-one by USD deposits and available via Paxos. PAX is available one-to-one in exchange for USD and exchangeable one-to-one for USD. After redemption, PAX tokens are immediately removed from inventory; PAX only exist when the corresponding dollars are in the project account. - As a trust company organized in accordance with New York's state banking law and regulated by the Financial Services Department of the State of New York, Paxos operates based on the

Pros
  • Getting bigger exposure lately
  • On major exchanges
  • Audits
Cons
  • Not as big as tether still