Huobi Pool Token HPT to PAX Gold PAXG Exchange

Crypto Pair Details: HPT to PAXG

Huobi Pool Token HPT

Huobi Pool Token (HPT) is an ecological sub-token based on Huobi Token (HT). A total of approximately 10 billion HPTs are issued by Huobi Pool, and the targets include HT holders, community users of Huobi Pool and others. As a subsidiary brand of Huobi Group, Huobi Pool is an important component of Huobi’s ecological strategies worldwide. Putting forward the innovative idea of 'mining is mining', it covers POS, DPOS, POW and other consensus mechanisms. HPT holders can fully participate in the future development of Huobi Pool, and get airdropped rewards and share the growing value of Huobi Pool by participating in mining on a daily basis.

PAX Gold PAXG

PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

SOURCE: COINGECKO

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