Paxos Standard (PAX) Trading Down 0% This Week

Paxos Standard (CURRENCY:PAX) traded down 0% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on June 11th. One Paxos Standard coin can now be bought for about $1.00 or 0.00002681 BTC on cryptocurrency exchanges. During the last seven days, Paxos Standard has traded 0% lower against the U.S. dollar. Paxos Standard has a total market cap of $1.07 billion and $61.48 million worth of Paxos Standard was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

  • The Transfer Token (TTT) traded down 1.2% against the dollar and now trades at $15.05 or 0.00040341 BTC.
  • Arweave (AR) traded down 6.9% against the dollar and now trades at $16.80 or 0.00045038 BTC.
  • Carry (CRE) traded down 4.7% against the dollar and now trades at $0.0090 or 0.00000024 BTC.
  • Project Pai (PAI) traded 1.3% lower against the dollar and now trades at $0.0258 or 0.00000069 BTC.
  • SOLVE (SOLVE) traded down 37.6% against the dollar and now trades at $0.0974 or 0.00000261 BTC.
  • Ripio Credit Network (RCN) traded 7% lower against the dollar and now trades at $0.0608 or 0.00000163 BTC.
  • HitChain (HIT) traded down 2.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • HoryouToken (HYT) traded up 1.1% against the dollar and now trades at $0.0052 or 0.00000013 BTC.
  • HalalChain (HLC) traded 0.2% lower against the dollar and now trades at $0.0074 or 0.00000020 BTC.
  • Origin Sport (ORS) traded 10.3% higher against the dollar and now trades at $0.0070 or 0.00000019 BTC.

Paxos Standard Profile

PAX is a proof-of-work (PoW) coin that uses the ETH Token hashing algorithm. Its launch date was September 10th, 2018. Paxos Standard’s total supply is 1,074,830,845 coins. The official website for Paxos Standard is paxos.com/standard. Paxos Standard’s official Twitter account is @PaxosStandard. Paxos Standard’s official message board is medium.com/@PaxosStandard.

According to CryptoCompare, “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 volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

Buying and Selling Paxos Standard

It is usually not currently possible to buy alternative cryptocurrencies such as Paxos Standard directly using US dollars. Investors seeking to acquire Paxos Standard should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Paxos Standard using one of the exchanges listed above.

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