IPChain IPC to PAX Gold PAXG Exchange

Crypto Pair Details: IPC to PAXG

IPChain IPC

IPchain is a block chain product for the application in the field of intellectual property. Launched in October, 2016, after months of market analysis, technical solutions research, and communication with experts in the field of intellectual property, the technical basis of IP Chain was determined to be the block chain technology based on the model of UTXO, which is similar to Bitcoin network. Through adopting Consensus Mechanism of DPOC (one of the improved solutions of DPOS) and with reference to the transaction model for the characteristic of products in the field of intellectual property, IPC Chain aims at providing a flexible and rigorous solution of intellectual property block chain.

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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