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

How is everyone? I am gladly Professor @yohan2on Let's do Homework-7. This is Steemit Crypto Academy My 3rd homework. I will try to do my homework regularly from week one. I think this is a very important topic that I will do my homework on today.

  • Homework task: Write about any one of the following Stable coins

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

I would like to discuss Paxos Standard (PAX) :

image.png
Source

What is Paxos Standard (PAX) :

There are so many types of stabilizers around the world today that I think Pax is the best as the best wife coin. Has been successfully helping customers reach their desired goals for a long time. It relates entirely to the US dollar. Any kind of instability plays a much more important role at the moment. And it's better not to worry about its security because it's a very stable coin. It maintains a 1: 1 ratio with the US dollar. Most importantly, it works in solidarity with some of the most important laws in the United States.

PAX Trading Price :

The Paxos Standard (PAX) is currently priced at $ 1.00, which maintains a 1: 1 ratio to the US dollar. Currently ranked 95th.

image.png
Source of screenshot

Where to Buy Paxos Standard (PAX) :

If you want to buy Paxos Standard (PAX) you can do it from any exchange website. In this case I will talk to you first of all Coinbase.com from here you can easily buy Paxos Standard (PAX). In this case you must first create an account Coinbase.com. Then you will buy Ethereum (ETH) by credit card. Then pick them up from your wallet and then your wall will have the ability to store PAX. In this case it is very important that you will be given some key. Then you can easily buy Paxos Standard (PAX) by following some more simple procedures. Remember that every time you make a transaction you will be given some new addresses which are very important try to save them all the time and never share your personal key with anyone.

image.png
Source

Benefite of use Paxos Standard (PAX) :

  • No fees needed to issued to Paxos Standard tokens.
  • Market volatility plays a crucial role.
  • Maintain the ratio 1:1 with USD.
  • You can withdraw any time when you need.
  • You can receive and send Paxos Standard (PAX) tokens from any ethereum wallet.

Paxos Standard (PAX) Vision :

PAX is in a position of extremely strong current. PAX is working to maintain this position and to make future transactions more important, including transactions, security, audits, and to maintain a 1: 1 ratio in order to increase people's confidence in it. PAX team is always committed to that.

image.png
Source

Conclusion :

Paxos Standard (PAX) This is a very important coin. Which is currently in a much better position than other more stable coins. The current position is 95th. And it always maintains a 1: 1 ratio with the USD dollar. If anyone wants to start a business then I must tell them about Paxos Standard (PAX).

Thank you everyone for reading my homework week-7

Cc :-

@yohan2on
@steemcurator01
@steemcurator02

Sort:  

Hi @radoan

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

Feedback
fairly done! More research study and improvement on the clarity of your explanations are needed in order for you to produce much better work.

Homework task
5

Coin Marketplace

STEEM 0.31
TRX 0.11
JST 0.034
BTC 64549.55
ETH 3170.62
USDT 1.00
SBD 4.13