Paxos Standard (PAX) had a bad 24 hours as the crypto declined $-0.00318605609029299 or -0.31% trading at $1.01196030197642. According to International Cryptocoin Experts, Paxos Standard (PAX) eyes $1.11315633217406 target on the road to $1.68258542436606. PAX last traded at Binance exchange. It had high of $1.02306834748306 and low of $0.994249520793399 for February 9-10. The open was $1.01514635806671. About 2,306 PAX worth $2,303 traded hands.
Paxos Standard (PAX) is up 0.19% in the last 30 days from $1.01 per coin. Its up 1.20% in the last 100 days since when traded at $1 and the annual trend is up. 200 days ago PAX traded at $0.00 (non existent). PAX has 120.77 million coins mined giving it $122.22 million market cap. Paxos Standard maximum coins available are 137.19M. PAX uses algorithm and PoW proof type. It was started on 10/09/2018.
Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology.
Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.
Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable.
Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.
Why Use Paxos Standard:
- Hold digital assets in PAX to limit exposure to volatility
- Settle the cash component of digital asset transactions in dollar-equivalent denominations
- Move between digital assets with ease and lower fees
- Settle transactions outside of traditional banking hours
- Transact internationally more efficiently
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