Steemit Crypto Academy week 7: Stable coins - Part2 - @yohan2on by @dulce2

PAX created in 2018, is an ERC-20 token based on the blockchain based on ethereum, this allows greater mobility, speed, flexibility and accessibility to these assets in the world market. It is a currency that is fully backed by the US dollar, 1 pax / 1 $ USD. Created by Paxos Trust Company located in New York, Each token is backed by the United States Department of Financial Services, the stock exchange and through the United States anti-fraud law, therefore PAX offers the investor transparency, ease, speed , and above all peace of mind in not losing your investment.

PAX is located in New York, which is why it is governed by the anti-fraud laws of the United States, in addition, Pax keeps all the investment in separate accounts protected with American banks insured by the FDIC, to give confidence to its clients, in addition, it is submitted monthly to an audit by the firm Withum, which issues certificates to ensure the transparency of tokens.

* you can send and receive tokens from any ethereum wallet.

* Acquires ethereum properties by being an ERC-20 token.

* the platform acquires reliability due to its transparency in the market.

* Each PAX token is backed in US dollars on one side of the Federal Reserve.

* There is no PAX token creation limit, when someone sells their tokens, they are burned immediately.

* One of the disadvantages is that nowadays there are many demands on stable coins since many of them offer the same, in the case of PAX they have a very poor concept and software base despite the fact that the creators focus on the originality, but so far there is no innovation on the part of the company.

* is still a common stable currency.

Investors can simply go to the official PAX website and buy and resell PAX tokens directly through an internal marketplace on the platform that provides a 1 PAX share with 1 USD. Or you can also do it through exchange platforms such as Binance, Gate.io, Bittrex, Huobi, Okex among others, the PAX ecosystem is formed as follows.

Today there are many stablecoins on the market, this is because many investors look a lot for regulated and backed currencies for greater reliability, PAX will have to fight with a large number of stablecoins that have almost the same definition about it, Tether, USDCoin, TrueUSD, which are the ones that predominate in the market, the PAX market will be governed by the reliability of investors and the use that they will give to this cryptocurrency.

Thanks for reading my homework.