Spendcoin SPND to PAX Gold PAXG Exchange

Crypto Pair Details: SPND to PAXG

Spendcoin SPND

Spendcoin is a decentralized cryptocurrency that powers the Spend.com ecosystem of products. Spend has two financial services products, the Spend App and Spend Card, which are products of Spend.com that give our users a multi-currency digital wallet that they are able to store fiat and digital assets/currencies. They will be able to buy, sell, store, manage, and exchange all supported currencies within the app. The Spend App is available on iOS, Android, or Web based devices. The Spend prepaid debit card allows users to send fiat based currencies loaded onto it via the Spend App anywhere that accepts MasterCard. Spend Foundation is also launching a decentralized educational platform called Blockchain University (bu.org). Blockchain University is designed to run off our open-source blockchain called Cross Ledger which incorporates a hybrid delegated proof-of-stake consensus model called Proof-of-Support. Proof-of-Support creates a learning based ecosystem that rewards those users who support and answer the knowledge base and Quora style system. Spendcoin will be the native digital currency powering the platform. Blockchain University and Cross Ledger are planned to launch in 2019.

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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