PAX Gold (PAXG) Gets Listed on KuCoin!

Dear KuCoin Users,

KuCoin is extremely proud to announce yet another great project coming to our trading platform. PAX Gold (PAXG) is now available on KuCoin. Supported trading pairs are PAXG/USDT, PAXG/BTC.

Please take note of the following schedule:

1. Deposits Effective Immediately (Supported Network: ERC20)
2. Trading: 9:00 on November 10, 2021 (UTC)
3. Withdrawal: 10:00 on November 11, 2021 (UTC)

Tags: Asset-backed Tokens, Tokenized Gold

Project Summary

* The key metric numbers are calculated as of November 9, 2021

PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.

PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.

Official Website: https://paxos.com/paxgold

Official Twitter: https://twitter.com/paxosglobal

Know more: https://medium.com/paxos

White paper: Click to view

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team

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