Crypto Academy Week 7 Homework Post for [@yohan2on] | Stable coins

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Hello everyone. I really happy again at the Steemit crypto academy in attendance of the week 7. This is my homework for professor @yohan2on.

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The homework task for this 7 week is "write about any one of the following stable coins"

USD Coin (USDC)
TrueUSD (TUSD)
Paxos Standard (PAX)
Digix (DGX)

Today i talk about Paxos Standard (PAX). so lets start>>>>

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What is Paxos Standard (PAX)?

We already know there are many stable coins. Paxos Standard(PAX) is one of them. It is a cryptocurrency and this stable coins developed by a company name Paxos Trust Company. Paxos Standard (PAX) is fully backed by 1:1 to the USD. It means we can relieve this coins PAX to USD and we can also relieve USD to PAX.

Paxos is approved by NYSDFS. It is a Department of Financial Services in US. Paxos hold every single dollar deposit in FDIC-insured U.S banks that ways it is so trustable and transparency.

Therefore, Investors can invest their money in the crypto market . Because it is too easy to withdraw or transfer their money from anywhere. Everyone know there are high volatility and fluidity of cryptocurrency, Paxos Standard (PAX) can solve this problems by providing softness in digital assets.

Now i will discuss about it's features and some drawbacks. Which will gives you more information that's helps you more

Key Features of Paxos Standard (PAX)

• This stable coin fully backed by the US dollar and regulated by the New York Department of Financial Services.(NYSDFS)

• There are no need any thirds party or middleman for PAX tokens are issued. Because it's controlled by Paxos system.

• PAX is having an ERC-20 token built into the Etherium blockchain and anyone can transacted in Etherium.

• Due to regulated by Paxos system it is more secures and trustable.

• PAX is very efficient when it's come to payment. It also can exchanges to other digital assets .

Disadvantages of Paxos Standard

Paxos Standard has practically no drawbacks. just only

• There are no innovative solutions they provide in the market. lack of a unique technology.

Where we buy PAX token?

At present there are so many exchanges where we can buy PAX token. Such as Binance, Huobi, Okex and so on.

There are Trading Desks, Supported Wallets,for Paxos Standard (PAX). I don't take more screenshot but in this link (PAX official website) https://www.paxos.com/pax-ecosystem/ you will see everything.

PAX asset is different from other Stable Coins. Why?

There are also some features that's makes PAX Different form other.

• Unaffected by any kinds of volatility in the market.
• Anyone can Withdraw PAX token anytime of the day when you need without any commission fees.
• quickly convert assets 24/7.

Conclusion

SO This Paxor Standard is a stable coin which is simple and safest coins in the crypto and get good amounts of profit. Pax is usually designed for the Pax platform, not for business. PAX is the first choice for those who Don’t want to endure the volatility of cryptocurrencies.

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Hopefully everyone can understand and I can finish my homework correctly, if anything goes wrong please check me out.
Crypto Academy Week 7 Homework Post for professor @yohan2on . Thanks Professor for the great lecture.

Special regards;
Cc:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02
@steemcurator02

Thakns everyone that read this.
@bluesdl