Bitcoin Giant WazirX has listed PAXG as one of its own and millennials can’t wait for the grand giveaway to commence. Paxos has created a digital asset called PAX Gold (PAXG). Each PAXG token is backed by a fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, which is held in Brink’s vaults. PAXG holders will also own the underlying physical gold held in Paxos Trust Company’s custody.
Users may opt to redeem their PAXG tokens with Paxos and earn the USD equivalent of their tokens. If a user has more than 430 PAXG tokens, she has the option of exchanging them for actual gold bars.
Both the development and redemption of the PAXG token are subject to fees from Paxos. On the Paxos website, the minimum purchasable amount is 0.01 PAXG. The New York State Department of Financial Services has approved the issuance of PAXG (NYDFS).
Our Rapid Listing Initiative includes PAXG. As a result, we will begin PAXG trading by allowing deposits through the WazirX>Binance inter-wallet transfer option. What does it mean for you personally? You can send PAXG to WazirX from your Binance wallet. In our INR and USDT markets, you will be able to purchase, sell, and exchange PAXG. When you purchase PAXG, it will show up in your “Funds” section. One day after the listing, you will be able to withdraw PAXG to your Binance wallet. Don’t worry, you’ll soon be able to deposit and withdraw PAXG from other wallets.
Giveaway Details
- On 17th May there will be a giveaway with AMA with Carl Vogel, Paxos Global. You will have an opportunity to learn everything about PAXG and win total prizes of $150.
- 18th May brings to you a YouTube Live between Pareen Lathia, WazirX, and Carl Vogel, Paxos Global.
- On 19th May, there will be a Quiz in our Telegram group with prizes of $300. Show off your PAXG knowledge in a fun quiz session and win.
- On 20th May, a Trivia contest on the WazirX Instagram page with prizes of $50. Learn interesting trivia about PAXG and win.
- 20th May to 22nd May will bring to you a 48-hour long Highest Trader Kaun Marathon with prizes of ₹7,20,000 ($9,000) worth PAXG for top 150 traders.
- From 27th May to 29th May, there will be a 48-hour long Highest Trader Kaun Marathon with prizes of ₹7,20,000 ($9,000) worth PAXG for top 150 traders.
All you need to know about the giveaway
AMA
Participate in a live AMA with Carl Vogel, Paxos Global, to learn everything about PAXG.
When: Monday, 17th May, 5 PM IST
How to Take Part:
Part 1: We’ll ask Carl ten questions about PAXG that we’ve gathered from our Twitter followers.
Part 2: At the end, we will unmute the community for ten minutes, allowing you to ask Carl questions live. They’ll do their best to respond to as many questions as possible.
Freebie:
- $100 for the top ten questions from Twitter.
- $50 for the top five live questions asked in the Telegram category.
Quiz
We are hosting an awesome quiz session about PAXG. Show off your PAXG knowledge and win exciting prizes.
When: Wednesday, 19th May, 6 PM IST
What is the best way to get involved?
- Become a member of the WazirX Telegram group: wazirx discuss (t.me/wazirx discuss)
- A total of ten questions will be asked.
- Select the correct answer.
Freebie:
- The first prize is $50.
- Each of the second through fifth place winners will receive a $25 bonus.
- Prizes for 6th to 20th place are $10 each.
Trivia Contest
Do you think you know well about PAXG? Find out in our PAXG trivia contest!
When: Thursday, 20th May, 12 PM IST
How to Take Part:
- Wazirx can be found on Instagram at instagram.com/wazirx.
- On Instagram Story, we’ll ask 5 questions.
- Select the correct answer.
Freebie:
For each question, one lucky winner will be chosen at random from all correct answers and will receive 0.0054 PAXG.
Highest Trader Kaun Marathon: PAXG/INR
Get ready for Highest Trader Kaun Marathon with double the fun & double the prizes!
What’s new in this year’s competition?
- There are two Highest Trader Kaun Marathon competitions going on right now.
- Each contest will run for 48 hours nonstop.
- Yes, you can enter either or both contests at any time during the contest period.
- The total prize pool for each contest is $7,20,000 ($9,000 USD) in PAXG. You will win prizes for the entire 48-hour trading contest marathons based on your trading results!
Contest 1 timing: Thursday, 20th May, 9 AM — Saturday, 22nd May, 9 AM IST
Contest 2 timing: Thursday, 27th May, 9 AM — Saturday, 29th May, 9 AM IST
Get geared up to win exciting prizes sitting at home. We are sure that your pockets will be brimming with the money that you have accumulated during this entire giveaway. Because we’re giving away a total of ₹14,40,000 worth of PAXG in the highest Trader Kaun Marathon contests!
Paxos has created a digital asset called PAX Gold (PAXG). Each PAXG token is backed by a fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, which is held in Brink’s vaults. PAXG holders will also own the underlying physical gold held in Paxos Trust Company’s custody. For the entire giveaway, PAXG price will be considered at $1,855.55, i.e., ₹1,48,258.44, and all prizes will be distributed by 11th June 2021.
Cryptocurrency trading entails a high level of market risk. Please make sure you do a thorough risk evaluation before trading newly listed tokens, as they are prone to high price volatility. WazirX will make every effort to choose high-quality coins, but it will not be liable for any trading losses you might incur. So while you get hefty amounts in your WazirX wallet, we are happy to announce the listing of PAXG that is determined to change the future of bitcoin technology.
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