PAX Gold PAXG to Amoveo VEO Exchange

Crypto Pair Details: PAXG to VEO

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.

Amoveo VEO

Amoveo (VEO) is a highly scalable proof-of-work blockchain driven by its community and aimed for prediction markets, investment and insurance contracts, and various derivatives, such as stable coins. Amoveo is a blockchain meant for enforcement of investment and insurance contracts. Amoveo contracts are enforced using state-channels. This means fees are low, contracts are nearly instant and can support a global audience. Amoveo has oracle technology. Amoveo can learn facts about our world and enforce the outcome of contracts that are governed by these facts. This, for example, enables you to bet on the price of Amazon shares. The variables that define how to participate in Amoveo can be modified by the Amoveo community using a built-in process. This way Amoveo will always stay optimally tuned to produce the best results.

SOURCE: COINGECKO

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