DigitalBits XDB to PAX Gold PAXG Exchange

Crypto Pair Details: XDB to PAXG

DigitalBits XDB

DigitalBits closes the gap of blockchain adoption by integrating with consumer apps - unlocking value in the pockets of millions. DigitalBits is a third generation protocol over the former Stellar network, that’s tackling the challenges of usability and mainstream adoption. By bringing together technology, team and enterprise-grade execution, DigitalBits is bringing crypto to the masses. Backed by some of the top-tier crypto funds and advisors, DigitalBits targets an enterprise go-to-market strategy with a focus on the points economy - further accelerating the adoption of blockchain technology into society.

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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