Home » Paxos to Launch Precious Metal-Backed Cryptocurrency| HYIP.com

Paxos to Launch Precious Metal-Backed Cryptocurrency| HYIP.com

Paxos 864x467 - Paxos to Launch Precious Metal-Backed Cryptocurrency| HYIP.com


Cascarilla did not specify what kind of metals the new cryptocurrency will be backed, however, most likely it will be gold. Paxos CEO  highlighted that the company will keep the amount of precious metals equivalent to the value of the issued coins:

“In order to put something in a blockchain, you have to make sure you have the right amount of inventory in the real world versus what is in the blockchain. How you do with a gold token is how much gold do you have in a vault equals how many gold tokens outstanding.”



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