Dear Bithumb Global Users,
Bithumb Global will list PAXG digital asset service on Main board, details are as follows.
Deposits will be available on: Sep 9th, 2019 at 12:00(UTC+8) Deposit here >>
Trading will be available on：Sep 10th, 2019 at 15:00(UTC+8) Trading here >>
Trading Pair：PAXG / USDT
*Due to the transfer feature on the PAXG chain, deposit to Bithumb Global loses 0.04% of tokens, and withdrawal loses 0.02%.
Project Name：PAX Gold
Symbol：PAXG
About PAX：
PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company.
Highly Accessible
Built as an ERC-20 token on the Ethereum blockchain, PAXG can easily be moved or traded anywhere in the world, 24/7. With low investment minimums, now anyone can own a fraction of an LBMA-accredited London Good Delivery gold bar.
Trusted
Paxos is a trust company and custodian, regulated by the New York State Department of Financial Services. PAXG is also approved and regulated by the DFS and fully-backed by allocated gold held in the most secure, leading vaults in the world. A nationally ranking auditor will attest to the matching supply of PAXG tokens and underlying gold every month.
Redeemable
PAX Gold is the only gold token that you can redeem for LBMA-accredited Good Delivery gold bullion bars. For additional convenience, smaller amounts can be redeemed through a network of physical gold retailers around the world. Institutional customers can also redeem for unallocated Loco London Gold. Paxos customers can always redeem for USD at current gold market prices.
Flexible
Easily convert or redeem PAXG for fiat, physical or unallocated gold via the Paxos platform. Trade PAXG against other digital assets on popular crypto exchanges. Use PAXG wherever ERC-20 tokens are supported.
Low Fees
Extremely competitive fee structure for creations and redemptions of PAXG tokens (0.03-1% based on volume tiers) in the Paxos wallet, low on-chain Ethereum transaction fees (0.02%) for and zero storage fees. As with other ERC-20 tokens, nominal Ethereum gas fees apply for on-chain transactions.
Supported
Our global team provides customer service around the clock by phone and email. Get a dedicated account manager with minimum purchase of $50K.
Total Supply：————
Circulating Supply： ————
Official Website： https://www.paxos.com/zh/paxgold/
Whitepaper：https://www.paxos.com/wp-content/uploads/2019/09/PAX-Gold-Whitepaper.pdf
There are significant risks in trading digital asset. Please consider carefully whether digital assets trading are appropriate to your financial situation.
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Bithumb Global Team
Sep 6, 2019