PAX Gold PAXG to BOMB BOMB Exchange

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Crypto Pair Details: PAXG to BOMB

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.



BOMB BOMB

The world's first self-destructing currency. BOMB is a social experiment and financial case study to measure the feasibility of a deflationary currency.  The rules are simple. 1) There were originally 1,000,000 Bomb in existence. 2) Each time a Bomb is transferred, 1% of the transaction is destroyed. 3) There will never be newly minted Bomb. The intention is not to be used as a transactional currency, but rather a consistent and decentralized store of value. Through a system of immutable smart contracts and continuous hyperdeflation, BOMB is the world’s first self-destructing currency.

SOURCE: COINGECKO



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