OneRoot Network RNT to PAX Gold PAXG Exchange

Crypto Pair Details: RNT to PAXG

OneRoot Network RNT

Concept and applications based on the blockchain technology are disrupting and transforming the traditional economy and will eventually form a new comprehensive and efficient system. ONEROOT aims to make use of the immutability, transparency and traceability of blockchain while embracing values of decentralization and shared economy to build a network of value that better fits with the characteristics of distributed network and tokenization of assets. Upholding the ideals of sharing and co-operation, our team provides infrastructures for digital assets and co-builds an ecosystem in conformity with characteristics of decentralization, fastening this migration of value.

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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