yPAXG is Defi Token backed up by PAXG which is in fact backed by real Gold regulated by PAXOS Trust Company.At Paxos, we are re-building the infrastructure of finance. We want to make it possible to move any assets anywhere, instantly – and therefore democratize access to a new, global, frictionless economy.
We take a two-pronged approach of establishing regulatory designations that give us access to the current financial infrastructure and developing innovative products. Paxos is powering PayPal’s new service enabling its US users to buy, hold and sell cryptocurrency directly from their PayPal digital wallet. This news includes many firsts and has huge implications for the PayPal community, the crypto industry and, of course, Paxos.
Why Choose yPAXG?
yPAXG is Defi token backed by PAXG which is infact backed by real Gold regulated by Paxos Trust Company. Unlike many farming defi coins, yPAXG is backed by PAXG therefore it will always be stable with market price of real gold per 1 oz(ounce) DeFi is a new financial ecosystem: decentralized,global, transparent, resistant to censorship, without intermediaries and easily accessible
Fixed Staking 365% APY
With our primary token PAXG which is centralised token backed by real gold regulated by Paxos Trust Company. We need to lock up the real gold in Vaults, so its value will only grow if gold market price increases. With yPAXG we will mint the equivalent staked yPAXG and without risking Stakers yPAXG we will risk the minted yPAXG to many mid to high risk/yield tools and make sure atleast 365% APY be provided to stakers. The team will only get profit if the yields are more than 365%, hence your staked/holded yPAXG is never compromised in any sort of risk.
Highly Accessible
Built as an ERC-20 token on the Ethereum blockchain, yPAXG 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. yPAXG 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 yPAXG tokens and underlying gold every month.
Redeemable
yPAX 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 in US and Canada. Institutional customers can also redeem for unallocated Loco London Gold. Paxos customers can always redeem for USD at current gold market prices.
Low Fees
Extremely competitive fee structure for creations and redemptions of yPAXG 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.
More Info-
https://ypaxgold.finance/
https://www.paxos.com/
How to get yPAXG ?
Focus: Token will be distributed on January 31, 2021
Join yPAXGold Telegram BotJoin yPAXGold Telegram Channel Join yPAXGold Telegram GroupFollow yPAXGold on Twitter , Like and Retweet Pinned PostFollow our CEO Charles on TwitterFill up Google Form and do all taskshttps://docs.google.com/.../1FAIpQLScDVkRUh.../viewform
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