BitMesh launches PAX and opens PAX trading area, PAX/USDT trading is available. Deposits is available now. Please enjoy your trading on BitMesh. Go
PAX is short for Paxos Standard, which is the world's first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.
Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds, and can therefore offer greater protections for customer assets than any other existing stablecoin.
- English Name: PAX/Paxos Standard
- Encryption Algorithm: Ethash
- Consensus Method: PoW
- Official Website: https://www.paxos.com/standard
- Github: https://github.com/paxosglobal/pax-contracts
- Blockchain Explorer: https://etherscan.io/token/0x8e870d67f660d95d5be530380d0ec0bd388289e1
Investing in digital assets comes with high risks due to huge price fluctuations. Please invest prudently and pay attention to investment risks. BitMesh selects popular and superior tokens, but will take no responsibility for your investment decision.
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Dec 21st, 2018
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