Steemit Crypto Academy week 7// Stable coins // Part2 for @yohan2on //(PAX)


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It is an honor to be back with all of you, today I will continue part 2 of the stable currencies, I thank the professor @yohan2on for such a fabulous work very good and professional we have loved today I will talk about a currency called PAXOS STANDARD these currencies favor us in those sudden and abrupt changes volatility in conventional digital currencies.


Let's see what it is (PAX)

PAX is a stable coin that works on ERC-20 Ethereum blockchain in terms of its stable value equivalent to 1 PAX = 1USD American, its stability is governed by the stablecoin collateralized in the United States its capital is the US dollar many users in the world are using coins like PAXOS to accumulate profits and thus not resort to fiat currencies, centralized banks etc., this company was established in 2012 and operated in exchange in itBit.

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Binance chart where we can see the current market prices.


Why to use (PAX)

In terms of security is the most important thing in an investment, PAX is subjected to several audits this was the auditor Withum in terms of security there are external monitoring partners to stay with a constant check and so that their terms are met this generates greater security in investors in terms of the sale and purchase is offered for free if you buy with $ 1 = 1PAX, you can make cash demositos without any problem from any U.S. bank



the best places to buy PAX

Etoro, Kraken, Binance, bitpanda are the best places to buy PAX, they offer speed and confidence you can do it with credit card, deposit there are no limits.

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this platform is one of my favorites so I recommend it 100% is one of the best platforms very fast to buy (PAX) or exchange another cryptocurrency for (PAX), exchange or deposit money for this you must have a registered account in this wallet and preferably verified.



Conclusion

The options offered by this project is to give us as a service the official PAX wallet, but as it is an ERC-20 token we can use any wallet that supports Ethereum, also this stable coin helps us to protect our assets from some coins that leave us profits, another thing I want to point out is the security of this coin is backed and secured by a fidularia company in new york and controlled by the department of financial services of the united states this gives us even more security to use this stable moenda.



Cc:


@yohan2on
@steemcurator01
@steemcurator02


thank you very much for reading my research


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Hi @darwinking

Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.

many users in the world are using coins like PAXOS to accumulate profits and thus not resort to fiat currencies, centralized banks etc., this company was established in 2012 and operated in exchange in itBit.

well, with stable coins, you should avoid associating them with profits there might be some profits but they are very minimal.
Stable coins are generally used as a store of value.

Homework task
6.5

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