Footballcoin XFC to Paxos Standard PAX Exchange

Crypto Pair Details: XFC to PAX

Footballcoin XFC

XFC Coin is a digital currency built using technology similar to that of Bitcoin, with the same monetary properties. XFC Coin is the registered crypto currency of FootballCoin, used for in-game transactions and for trading against other currencies. The first Football Manager game with collectible cards. You own what you collect. Create your own football team based on official stats and win. FootballCoin is developed on top of Bitcoin’s blockchain technology and features it’s own cryptocurrency – XFCCOIN. FootballCoin allows you to act like a real manager, predicting player form, match outcomes, ability development and rewarding managers for their results. Building your fantasy team will have you choose from the available list of professional players. Based on the performance of the selected players, your team will accumulate or lose points. Positive events (such as scoring goals, contributing assists, keeping a clean sheet) will add points to your team. Negative events (such as receiving yellow/red cards, conceding goals, missing penalties) will see the players lose points. Moreover, players’ positions are of relevance as they have a direct impact on how they score in the game. Build a team with efficient players, who will score high and make you win!

Paxos Standard PAX

Paxos Standard (PAX) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology. Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology. Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by six of the top ten cryptocurrency exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex. These exchanges are offering PAX as an alternative to the controversial Tether. Unlike the controversy surrounding the people who control Tether, there is no such obscurity when it comes to the people behind Paxos. The CEO and co-founder is Charles Cascarilla. He has over 15 years in financial services and has co-founded Cedar Hill asset management back in 2005. He has also worked and Bank of America and Goldman Sachs prior to that. The Paxos Standard (PAX) is the first digital asset to be issued by a financial institution and to be fully secured by the U.S. dollar. While other similar stablecoins have existed, there has been no proof of full U.S. dollar reserves, nor have these earlier assets been issued by a financial institution. The Paxos team has been fairly clear in declaring the different base that PAX is working from.

SOURCE: COINGECKO

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