Binance Learn & Earn PAXG Quiz Answers
Binance Learn & Earn PAXG Quiz, Binance Learn & Earn PAXG Quiz Answers – Hi Guys, Hope you are enjoying our daily posting of amazon quiz answers & amazon funzone stars quiz answers. Meanwhile , Binance the popular crypto platform of the world has announced another learn & earn program for all users. Binance learn & earn is great source of free crypto earning without spending any penny.
We have already posted each & all Binance Learn & earn quiz answers in 1 post , Where few quizzes like Binance learn & earn SHIB quiz , Binance learn & earn BUSD quiz are still live & new users can earn free crypto from there.
Meanwhile , Binance has announced next chapter of “Binance Learn & Earn PAXG quiz“, where users can gain knowledge about PAXG coin and earn up to $13 in crypto by completing course and quiz of PAXG.
Binance Learn & Earn PAXG Quiz
| Binance Learn & Earn PAXG Quiz | Details |
|---|---|
| Quiz about : | PAX Gold (PAXG) Token |
| Quiz Date : | 21st July 2022 |
| Quiz Time : | 2022-07-21 07:00 (UTC) |
| Number of Questions : | 10 |
| Number of winners : | 1st come 1st serve |
How to Participate in Binance Learn & Earn PAXG Quiz
- First of all update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly
- New Users of Binance can create new account from here
- Login into your Binance account
- Go to homepage & you will see this learn & earn banner
- Click on that
- New chapter of learn & earn will live from 12.30 PM IST
- start the quiz at same time & solve using below already solved Binance PAXG Quiz answers
Binance Learn & Earn PAXG Quiz Answers
Question 1 : The value of a PAXG token is equal to:
Answer is : 1 troy oz. of physical gold
Question 2 : How do I know PAXG is fully backed by physical gold?
Answer is : An independent auditing firm performs monthly checks on Paxos’ gold reserves.
Question 3 : PAXG storage fees are
Answer is : 0.00%
Question 4 : When you own PAXG, you own physical gold. True or false?
Answer is : True
Question 5 : Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?
Answer is : True
Question 6 : PAXG is regulated and approved by _
Answer is : New York State Department of Financial Services
Question 7 : How can a PAXG holder look up their vaulted physical gold’s serial number and physical characteristics?
Answer is : Enter their Ethereum wallet address on the PAXG lookup tool.
Question 8 : Where are PAXG’s physical gold reserves stored?
Answer is: London Bank Vaults
Question 9 : Which gold tokens can be redeemed for physical gold?
Answer is : PAX Gold (PAXG)
Question 10 : PAXG is built as an _
Answer is : ERC-20 token on the Ethereum blockchain
Questions will be in different order in your accounts.
If anything change in this question , we will update correct questions on Our Telegram channel.
Details about PAX Gold (PAXG) Token :
The Paxos Trust Company is the custodian of the ERC-20 stablecoin PAX Gold (PAXG), which is backed by physical gold reserves. In protected gold vaults like Brink’s, each PAX Gold token is equivalent to one troy ounce of a 400-ounce London Good Delivery gold bar. Because PAXG represents actual gold, its value is directly correlated with the current market price of that actual gold.
The New York State Department of Financial Services oversees and approves PAXG. A third-party auditing company conducts monthly audits to confirm that Paxos’ gold reserve matches the supply of PAXG tokens in order to ensure that Paxos maintains its reserves. These attestation reports are published on Paxos’ official website. The developers of PAXG perform routine smart contract audits to find any potential issues.
How PAXG Token works?
On the Ethereum blockchain, PAX Gold functions. As an ERC-20 token, PAXG may be used with wallets that are based on Ethereum, linked with DEXs and DeFi DApps on Ethereum, and traded on exchanges like Binance.
Serial numbers for PAXG tokens are assigned to correspond with those for individual gold bars. Holders can use the PAXG lookup tool to determine the serial number, value, and other details of their physical gold by inputting their Ethereum wallet address. Additionally, at any moment, they can exchange their PAXG for fiat money, another cryptocurrency, or allocated and unallocated gold bullion bars from gold dealers at the going rate for the precious metal.
Terms and Conditions Of Binance PAXG Quiz :
- Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards.
- Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz.
- There will be caps imposed on the amount of rewards available to eligible users per country/region.
- Eligible users may complete multiple quizzes to claim multiple rewards.
- The actual value of the reward received is subject to change due to market fluctuation.
- Rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via Account > Reward Center.
- Binance reserves the right to terminate the activity at any time without prior notice.
- Binance accounts can only be used by the account registrants. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than account registrants.
- Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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