{"id":1094,"date":"2022-07-19T09:00:52","date_gmt":"2022-07-19T09:00:52","guid":{"rendered":"https:\/\/diringkas.com\/?p=1094"},"modified":"2022-07-20T04:52:15","modified_gmt":"2022-07-20T04:52:15","slug":"paxg-binance-answer","status":"publish","type":"post","link":"https:\/\/diringkas.com\/en\/paxg-binance-answer\/","title":{"rendered":"Answer from Binance PAX Gold Learn & Earn"},"content":{"rendered":"\r\n\r\nLearn and Earn, which will be held by <a href=\"https:\/\/www.binance.com\/\">Binance<\/a> on July 21, 2022, will be themed, one of which is discussing PAX Gold, here I will provide several possible answers to the quiz.\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"945\" height=\"268\" class=\"wp-image-1096 lazyload\" data-src=\"https:\/\/diringkas.com\/wp-content\/uploads\/2022\/07\/image_2022-07-19_160105958.png\" alt=\"Pax gold binance answer\" data-srcset=\"https:\/\/diringkas.com\/wp-content\/uploads\/2022\/07\/image_2022-07-19_160105958.png 945w, https:\/\/diringkas.com\/wp-content\/uploads\/2022\/07\/image_2022-07-19_160105958-300x85.png 300w, https:\/\/diringkas.com\/wp-content\/uploads\/2022\/07\/image_2022-07-19_160105958-768x218.png 768w, https:\/\/diringkas.com\/wp-content\/uploads\/2022\/07\/image_2022-07-19_160105958-18x5.png 18w, https:\/\/diringkas.com\/wp-content\/uploads\/2022\/07\/image_2022-07-19_160105958-150x43.png 150w\" data-sizes=\"(max-width: 945px) 100vw, 945px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 945px; --smush-placeholder-aspect-ratio: 945\/268;\" \/><\/figure>\r\n<\/div>\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Daftar isi<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/diringkas.com\/en\/paxg-binance-answer\/#Questions_and_answers_from_the_PAX_Gold_Binance_quiz_learn_and_earn\" >Questions and answers from the PAX Gold Binance quiz learn and earn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/diringkas.com\/en\/paxg-binance-answer\/#Material\" >Material<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/diringkas.com\/en\/paxg-binance-answer\/#What_is_PAX_Gold\" >What is PAX Gold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/diringkas.com\/en\/paxg-binance-answer\/#How_does_PAXG_work\" >How does PAXG work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/diringkas.com\/en\/paxg-binance-answer\/#Which_blockchain_is_PAXG_based_on\" >Which blockchain is PAXG based on?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/diringkas.com\/en\/paxg-binance-answer\/#Difference_between_PAXG_and_gold_ETFs\" >Difference between PAXG and gold ETFs?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Questions_and_answers_from_the_PAX_Gold_Binance_quiz_learn_and_earn\"><\/span>Questions and <a href=\"https:\/\/diringkas.com\/binance-wodl-answer\/\">answers<\/a> from the PAX Gold Binance quiz learn and earn<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\nQ : The value of a PAXG token is equal to:\r\nA : 1 troy oz. of physical gold\r\n\r\n\r\n\r\nQ: How do I know PAXG is fully backed by physical gold?\r\nA: An independent auditing firm performs monthly checks on Paxos&#8217; gold reserves.\r\n\r\n\r\n\r\nQ : PAXG storage fees are\r\nA : 0.00%\r\n\r\n\r\n\r\nQ: When you own PAXG, you own physical gold. True or false?\r\nA: True\r\n\r\n\r\n\r\nQ : Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?\r\nA : True\r\n\r\n\r\n\r\nQ: PAXG is regulated and approved by <em>__<\/em>\r\nA: New York State Department of Financial Services\r\n\r\n\r\n\r\nQ : How can a PAXG holder look up their vaulted physical gold&#8217;s serial number and physical characteristics?\r\nA : Enter their Ethereum wallet address on the PAXG lookup tool.\r\n\r\n\r\n\r\nQ: Where are PAXG&#8217;s physical gold reserves stored?\r\nA: London Bank Vaults\r\n\r\n\r\n\r\nQ : Which gold tokens can be redeemed for physical gold?\r\nA : PAX Gold (PAXG)\r\n\r\n\r\n\r\nQ : PAXG is built as an <em>__<\/em>\r\nA : ERC-20 token on the Ethereum blockchain\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Material\"><\/span>Material<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_PAX_Gold\"><\/span>What is PAX Gold?<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\nPAX Gold is an ERC-20 stablecoin backed by a physical gold reserver, held in custody by the Paxos Trust Company.\r\n\r\n\r\n\r\nPAXG is regulated and approved by the New York State Department of Financial Services.\r\n\r\n\r\n\r\nIn addition, all Paxos customers&#8217; assets, including PAXG, are protected from bankruptcy and held separately from company assets.\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_does_PAXG_work\"><\/span>How does PAXG work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\nPAX Gold runs on the <a href=\"https:\/\/academy.binance.com\/en\/articles\/what-is-ethereum\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ethereum<\/a> blockchain. As an <a href=\"https:\/\/academy.binance.com\/en\/glossary\/erc-20\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">ERC-20<\/a> token, PAXG is compatible with Ethereum-based wallets, can be integrated with DeFi DApps and DEXs on Ethereum, and can be traded on cryptocurrency exchanges like Binance.\r\n\r\n\r\n\r\nCompared to owning physical gold bars, owning PAXG doesn&#8217;t require any vault storage or custody fees.\r\n\r\n\r\n\r\nPAXG tokens are allocated serial numbers that match those of individual gold bars. Holders can find their physical gold&#8217;s serial number, value, and other characteristics by entering their Ethereum wallet address on the <a href=\"http:\/\/paxos.com\/paxg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">PAXG lookup tool<\/a> .\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_blockchain_is_PAXG_based_on\"><\/span>Which blockchain is PAXG based on?<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\nEthereum\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Difference_between_PAXG_and_gold_ETFs\"><\/span>Difference between PAXG and gold ETFs?<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\nGold exchange-traded funds (ETFs) track the value of the underlying gold. They only give investors exposure to the price of gold, but not the ownership of it.\r\nGold ETFs cannot substitute for full ownership of gold.\r\n\r\n\r\n\r\nPAXG, in contrast, is a digital representation of gold. Each PAXG token represents one fine troy ounce of gold housed in secured London vaults that can be identified by serial numbers.\r\nAs PAXG exists on Ethereum as an ERC-20 token, PAXG can be traded with a near-instant settlement.\r\n\r\n\r\n\r\n\r\n\r\nThose are the possible questions and answers that will be asked in the Binance PAX Gold quiz, I will update this post if I find a definite answer from the quiz.\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Learn and Earn, which will be held by Binance on July 21, 2022, will be themed, one of which is<\/p>\n","protected":false},"author":1,"featured_media":1095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[117,118,119],"class_list":["post-1094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge","tag-binance-answer","tag-binance-pax-gold-learn-and-earn","tag-jawaban-binance-pax-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Answer from Binance PAX Gold Learn &amp; Earn<\/title>\n<meta name=\"description\" content=\"Learn and Earn, which will be held by Binance on July 21, 2022, will be themed, one of which is discussing PAX Gold, here I will provide several possible answers to the quiz. 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Questions and answers from the PAX Gold Binance quiz learn and earn Q : The value of a PAXG token is equal&hellip;","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"Learn and Earn, which will be held by Binance on July 21, 2022, will be themed, one of which is discussing PAX Gold, here I will provide several possible answers to the quiz. Questions and answers from the PAX Gold Binance quiz learn and earn Q : The value of a PAXG token is equal&hellip;","og_locale":"en_US","og_type":"article","og_title":"Answer from Binance PAX Gold Learn & Earn","og_description":"Learn and Earn, which will be held by Binance on July 21, 2022, will be themed, one of which is discussing PAX Gold, here I will provide several possible answers to the quiz. 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