Origin Sport ORS to PAX Gold PAXG Exchange

Crypto Pair Details: ORS to PAXG

Origin Sport ORS

The purpose of the Origin Sport platform is to introduce a decentralized method of conducting sports bets. Our smart contracts are pre-scheduled and ensure results and winnings distributions are tamper-proof. The goal of the system is to allow anyone to host their own bets while ensuring the integrity of the placed bets. As such, the increased transparency of the system will allow us to work with regulators in identifying potential money laundering fraud on our platform as well as monitoring user betting quotas through a combination of real-name systems. We believe this will go a long way towards bringing this industry into the light and encouraging governments to revisit legislation regarding sports betting.

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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