YOYOW YOYOW to PAX Gold PAXG Exchange

Crypto Pair Details: YOYOW to PAXG

YOYOW YOYOW

yoyow.org is a Blockchain-based social media platform developed by senior members of China Bitshares community. yoyow intends to become the blockchain version of Facebook, Quora and Zhihu, it uses a new consensus algorithm – PoF (proof of flow) to reward content creators, curators and third party platforms. Unlike its competitors, yoyow provides full toolkit for content compliance. But yet, it is still a fully decentralized blockchain content platform.

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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