#KuCoin Will Add #Paxos Standard Token (#PAX) Market
KuCoin will list Paxos Standard Token (PAX) and open the PAX market.
The listing process is as follows:
Deposits for PAX is now open.
The PAX market will open with three pairs. BTC/PAX, ETH/PAX and USDT/PAX trading pairs will be added on October 15, 2018 at 22:00 (UTC+8)..
Withdrawals for PAX will open on October 17, 2018 at 20:00 (UTC+8).
Special Offer: Users will enjoy 99% off the trading fees on PAX trading pairs (BTC/PAX, ETH/PAX and USDT/PAX) from Oct. 15, 22:00 to Oct. 22, 22:00, 2018 (UTC+8).
About Paxos (PAX): Exchange US dollars for Paxos Standard Tokens to move money anywhere, anytimePaxos Standard combines the stability of the dollar with the efficiency of blockchain technology1 PAX = $1 USD. Paxos is a Trust company, regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets. Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions. No fees to convert to PAX, no PAX transaction fees, low conversion minimum ($100 USD), and no redemption fees. Settle any digital transaction on the Ethereum blockchain with PAX to convert assets back into dollar-equivalent denominations 24/7, even outside of traditional banking hours. You will always be able to redeem PAX for USD within one business day. The entire supply of PAX is collateralized by USD in dedicated omnibus cash accounts at FDIC-insured U.S. banks. Nationally top-ranking auditing firm Withum performs attestations (using standards established by the AICPA) on these accounts and the PAX tokens on a month-end basis to ensure they are consistent.
About Kucoin: KuCoin aims to provide users digital asset transactions and exchange services which are very safe and convenient. This is achieved by integrating premium assets worldwide and constructing a state of the art transaction platform. KuCoin is a full-featured spot trading platform for many digital assets and cryptocurrencies, including: Bitcoin, Ethereum, NEO, EOS, USDT, KCS and many more. KuCoin Shares (KCS) are the native currency of the KuCoin exchange platform that allows holders to profit from the success of the exchange. KCS holders receive daily cryptocurrency dividends, low withdrawal fees, and trading discounts. KCS holders will also automatically be qualified for KuCoin exclusive promotions, offers and rewards.
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