Tag: Paxos

Discover Pax Gold: PAXG Token

What can be an alternative cryptoasset to Bitcoin? How to exchange USDT for $PAXG on Tokpie?

Since 1500 BC, humanity has been using gold as a medium of exchange and wealth’s measure. And, we suppose that it likely remains that way in the future, mainly because of the growth in money supply and inflation. So, like Bitcoin, golden assets deliver value and protect investors in times of volatility while preserving wealth for the long term. However, it’s too costly for ordinary people to have physical bars of metals. That’s why Paxos’s platform issued the PAXG token representing a digital asset connected with the serial number of natural bars of precious metal. Continue reading to learn more about Pax Gold. Also, get step-by-step instructions on how to trade PAXG tokens on the Tokpie exchange.

First Gold coin
One of the first gold coins.

Is Pax Gold a reliable asset?

According to the company statement, one ounce of gold backs each PAX Gold coin. Moreover, Brink’s vaults store these bars. So, if a person obtains PAXG (minimum amount $2000) on the Paxos platform (charged with 0.15-1% fee), he owns the underlying physical gold. Important to note that the New York State Department of Financial Services regulates the Paxos. Besides, anyone can check the bar’s serial number by entering Ethereum public address used to purchase. But the most exciting thing is that small investor doesn’t have to buy $PAXG directly from the Paxos. Instead, he can avoid Paxos’s fees and minimum purchase limitations by obtaining small fractions of Pax Gold cryptocurrency on exchanges like Binance, Kraken, Tokpie, etc.

Gold vs. Bitcoin

Historically, miners have extracted around 201,300 tonnes of gold, leaving another 53,000 tonnes in identified underground reserves. To understand the metal’s rarity imagine a cube of 22 meters on each side. Bitcoin, in contrast, is limited to 21,000,000 coins. Currently, only 2,134,000 Bitcoins aren’t in circulation yet. Moreover, look at the log scaled price chart GOLD/BITCOIN below. Due to the technical analysis, the XAU (Gold) looks oversold at the end of 2021. Therefore, $PAXG can be an excellent alternative to the BTC in the long run. However, everything is better than fiat money suffering from constant inflation, whatever you choose.

Compare Gold and Bitcoin
GOLD/BITCOIN price chart (logarithmic scale).

What’s the PAXG token?

The PAXG is an ERC20 (Ethereum-based) token representing one troy ounce of the golden bar of London Good Delivery. Important to note that the total supply of gold representing $PAXG is constantly changing because PAXG’s market capitalization increases and decreases. Also, you can compare expenses associated with different ways of gold investing in the table below. These different ways are EFT, Futures, physical metal, coins, etc.

Expenses associated with gold ownership
Different ways to obtain and hold gold.

How to buy PAXG token?

To purchase PAXG tokens for USDT do three simple steps:

  1. Fund your account with USDT. If you don’t have crypto, you can purchase USDT with a bank card in a few minutes.
  2. Open the PAXG/USDT order book and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw PAXG tokens to your personal Ethereum (ERC20) wallet or hold them on the account.

How to sell PAXG tokens?

To sell PAXG tokens for USDT do three simple steps:

  1. Deposit PAXG tokens into your account.
  2. Open the PAXG/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw USDT to your personal wallet (ERC20 / BEP20) or hold them on the account.

How to deposit PAXG token?

To deposit the PAXG token into your Tokpie account, follow this guide. Also, make sure that you are going to deposit ERC20 tokens that relate to this smart contract address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.

Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw PAXG tokens?

To withdraw the PAXG token from your Tokpie account, use this instruction. Besides, you must have Ethereum (ERC20) compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.

Disclaimer

Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.

Useful links to trade PAXG tokens

For any questions, contact Tokpie at https://t.me/tokpie.

Pax dollar – Alternative Stablecoin: USDP Token

Discover the stable coin from Paxos – the first regulated blockchain infrastructure platform. In addition, get advice on trading $USDP tokens on the Tokpie.

Growing attention from U.S. regulators to the Tether (most usable stable coin) could increase the demand for similar stablecoins like DAI, USDC, and BUSD. But it’s not enough for diversification. So, meet the Pax Dollar from Paxos – USDP token. From this article, you’ll learn about the Pax stablecoin advantages. Besides, you’ll get instructions to trade USDP tokens on the Tokpie exchange.

What’s the Pax dollar?

The Pax dollar is a crypto asset that gives an alternative way to convert fiat dollars into stable cryptocurrencies. So, Pax’s users can redeem one-to-one $USDP to equivalent U.S. Dollars at any time. Also, the Paxos platform offers supreme assurance to customers by backing their $USDP one-to-one to the dollar.

Paxos’s advantages

One of Paxos’s most substantial advantages is that the New York State Department of Financial Services regulates Pax dollars. Simultaneously, Paxos holds reserves in cash and cash equivalents. Therefore, customers’ funds are always safe and available for redemptions. Moreover, top-ranking auditing firms review the company regularly to verify its supply matches the reserve account. Furthermore, with only a smartphone, anyone can move money instantaneously, anytime, across borders. Yes, the company allows creating an account and using $USDP to store and send money or access crypto markets with a mobile phone. As a result, Paxos’s stable coin provides financial access to everyone – even to the 1.7 billion adults who live worldwide and suffer without bank accounts.

Pax Dollar trade
Use Pax Dollar on smartphone.

What’s the USDP token?

USDP is an ERC20 token that allows anyone to send money quickly and safely. Also, this stablecoin gives people the ability to store and send U.S. Dollars with freedom. So, users can avoid the restrictions and limitations of the traditional banking system.

How to buy USDP token?

To purchase USDP tokens for USDT do three simple steps:

  1. Fund your account with USDT. If you don’t have crypto, you can purchase USDT with a bank card in a few minutes.
  2. Open the USDP/USDT order book and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw USDP tokens to your personal Ethereum (ERC20) wallet or hold them on the account.

How to sell USDP tokens?

To sell USDP tokens for USDT do three simple steps:

  1. Deposit USDP tokens into your account.
  2. Open the USDP/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw USDT to your personal wallet (ERC20 / BEP20) or hold them on the account.

How to deposit USDP token?

To deposit USDP token into your Tokpie account, follow this guide. Also, make sure that you are going to deposit ERC20 tokens that relate to this smart contract address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.

Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw USDP tokens?

To withdraw the USDP token from your Tokpie account, use this instruction. Besides, you must have Ethereum (ERC20) compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.

Disclaimer

Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.

Useful links to trade USDP tokens

For any questions, contact Tokpie at https://t.me/tokpie.