Paxos Standard السعر

Paxos Standard data

Paxos Standard (PAX) today is with a 24-hour trading volume of . PAX price is -0.00100782% down in the last 24 hours. Cryptocurrency market capitalization is

Paxos Standard is a relatively new stablecoin whose price is tied to the American dollar. The developer of the project was the Paxos company, which has been associated with cryptocurrencies since 2013, and has an official license for cryptocurrency operations. However, Paxos Standart was born only in 2018, with the goal of creating a strong relationship between the financial system and digital assets.

The big advantage of the project is the developer company. With a banking license, the company stores all paxos standard token in well-protected bank accounts. At the same time, this is protection against hackers and a good decision in the eyes of the US Securities Commission. In addition, in case of unforeseen circumstances, there is an insurance fund.

Paxos standard token is built on the Ethereum platform using the ERC-20 protocol. The coin can be bought at almost a hundred exchanges. Another option with buying a token is to visit the official website of the Paxos project. But purchases on the official website need to be registered, confirm your identity and send scans of documents. Only then can you exchange standard token pax for a dollar in a 1 to 1 ratio.

Since the fiat funds of the Paxos platform are in an active bank account, and an internal token is used to pay commissions within the network, you can change dollars to PAX without any extra commissions. With reverse conversion, paxos standard token just burns. Any ERC-20 wallet is suitable for storing standard pax, there should not be any problems with their choice.

Other benefits include platform transparency. The developer company provides monthly open activity reports. The paxos standard token smart contract, which converts fiat to token, was also tested by third-party experts and received good marks. High transaction speed, lack of commissions and practical use also plays a big role in the success of the Paxos Standard project.

In addition to standard token pax, developers have plans to further develop the platform and add new stablecoins to it. For example, among the upcoming announcements, a token with reference to the value of gold is expected. If you are interested in the Paxos project and you want to continue to monitor its success - join Neironix.io