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What Is Paxos Standard Token ?

Paxos claimed to be the first regulated trust company with blockchain technology to create a modern settlement solution to settle payment and asset and thereby eliminating risk. This is a fully USD stablecoin that is being owned by Paxos Trust Company and also approved and regulated  by the New York State Department of Financial Services.

Eliminating settlement risk starts with the ability to settle assets and payments simultaneously. Paxos combines distributed ledger technology with regulated Trust status to create an advance settlement platform.

What we have is regulated trust combined with blockchain technology to give modern settlement platform.

You have the opportunity to transact US dollars for Paxos Standard Tokens at the Speed of the Internet to anywhere and anytime. It combines the efficiency of blockchain technology and the stability of dollars.

Features

Trusted:  Paxos is a trust first digital asset company, fully collateralized by USD and issued by a financial institution.

Stable: PAX is redeemable one-to-one USD, providing stability of digital currency transactions.

No Fees: The transaction is free unlike other stablecoins. There’s no  limit in which one can purchase or redeem.

Fast: Transaction is the speed of light. You will be able to redeem PAX for USD within few minutes.

Audited: PAX is collateralized with regularly audited account at FDIC-insured U.S. banks.

Supported: The global team is on hand to render support services 24/7 .A minimum of $100K can purchase a dedicated account manager for any interested party.

Unlock Capital: Paxos settles trade instantaneously with fewer counterparty risk exposures and redeploys capital back into value ventures.

Streamline Operations: Paxos streamlines operations to eliminate operational cost.

Improve Margins: Paxos saves you money on every transaction by lowering the cost of operation.

Why Use Paxos Standard

Paxos reduces exposure to volatility by holding digital asset.

Settlement of any digital asset transaction in dollar equivalent denomination.

Paxos moves between cryptocurrency assets at lower fees and with ease.

It settles transactions beyond banking hours and transact more efficiently.

Team of Paxos Standard

Paxos is made of seasoned professionals with vast experiences in various fields of endeavors. The team is headed by Charles Cascarilla, who is the CEO and Co-Founder.

Charles Cascarilla has 20 years of experience in financial services, and had been in many boards of multinational companies in the past.

Other members include: Andrew Chang, who is the Chief Operating officer. He has over 10 years of experience in operations with some technological and start-up companies.

The team is also made up of Thomas Eagan, who is the EVP and Global Head of Securities Business.

The board of directors include: Sheila Bair, Bill Bradley, Robert Herz, Jim Manzi and Duncan Niederauer

Practical Uses of Paxos Standard

  • Paxos is used for the movement of assets and cash
  • Paxos is used to eliminate settlement risk and enhance efficiency in the risk asset management.
  • PAX is used for all transactions within its’ ecosystem.
  • With Paxos, you can achieve both exchange asset and payment simultaneously.
  • PAX is traded in the exchange market by over 80 exchanges.

Mining of Paxos Standard

PAX cannot be mined as at the time of writing this report. It can be gotten via exchanges such as Okex, Binance, Hotbituex, Digifinex, Huobi, Kucoin etc.

Notes for Investors

Pundits expect Paxos Standard to perform more than it has performed based on the premix of the technical and managerial savvy of the team.

Paxos Standard has become important tool in the digital asset settlement industry where,risk reduction,security and scalability are needed to trade.One key thing about Paxos Standard is its stability in the cryptocurrency market.

Presently, the unit price of Paxos Standard is USD1.01;the market capitalization is USD137, 028, 507, the circulating supply is 135,785,480 PAX.

Disclaimer:

This report is not intended to endorse Paxos Standard for investment but to get the members of the public well informed about the currency. Seek advice before investing in any cryptocurrency.