PAX Gold PAXG to RIF Token RIF Exchange

Crypto Pair Details: PAXG to RIF

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.

RIF Token RIF

RSK Infrastructure Framework (RIF) is a token developed on the RSK platform allowing holders to consume (and interact with) services within the RIFOS framework. The RIFOS framework, also built upon RSK, is a suite of distributed protocols built to enable fast, simple and scalable development of distributed applications within a highly-scalable, secure and unified environment. The RSK framework, in combination with the RIF token, allows developers to deploy and interact with the applications built atop the RIFOS framework. These include, amongst other things, third-party developed infrastructure services, as well as any additional applications deployed on the RSK framework. The RIF Token is intended to allow any token holder to consume any services that are compatible with RIF OS Protocols. Such services may include third party-developed infrastructure services, and any other apps that might be deployed on our framework that agrees to accept rif Tokens as a means of accessing / consuming the service or app.

SOURCE: COINGECKO

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