We are happy to announce that the Paxos Standard (PAX) token is now available on Kyber Network, with liquidity through the Prycto Reserve.
PAX is now accessible through KyberSwap and other platforms that are tapping into our on-chain liquidity protocol.
To date, Kyber Network collectively supports over 70 ERC20 tokens.
Learn how to buy/sell ERC20 tokens on KyberSwap with our basic guide.
Listing information for PAX
- Listing date: Monday, April 29th, 2019
- Listing time: 9 PM (GMT+8)
About Paxos Standard
Paxos Standard (PAX) combines US Dollar stability with the efficiency of blockchain technology. PAX is a digital dollar and like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. PAX is stable, and it is backed 1:1 for the dollar and issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated.
Use Cases
Today, Paxos Standard can be used to limit exposure to crypto-asset volatility, to remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets. In the future, Paxos Standard can be used for consumer payments, offering a stable store of value for those outside the United States that face currencies with unpredictable volatility.
PAX is a piece of the future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 24/7.
For more information on Paxos Standard:
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Token information
Token: Paxos Standard (PAX)
Token information: https://etherscan.io/token/0x8e870d67f660d95d5be530380d0ec0bd388289e1
Other information: https://coinmarketcap.com/currencies/paxos-standard-token/
Token Delisting
The following tokens are being delisted from the Kyber reserve due to their migration to their own chains:
- Binance Coin (BNB)
- Zilliqa (ZIL)
