Binance Learn and Earn Quiz Answers – Pax Gold Earn Free Coin

Binance Learn & Earn PAXG Quiz Answers

Binance Learn and Earn Quiz Answers – Pax Gold Earn Free Coin

Questions may be asked randomly so attempt every question carefully

Q1) The value of a PAXG token is equal to:

Answer: 1 troy oz. of physical gold

Q2) How do I know PAXG is fully backed by physical gold?

Answer: An independent auditing firm performs monthly checks on Paxos’ gold reserves.

Q3) PAXG storage fees are

Answer: 0.00%

Q4) When you own PAXG, you own physical gold. True or false?

Answer: True

Q5) Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet.

Answer: True

Q6) PAXG is regulated and approved by _

Answer: New York State Department of Financial Services

Q7) How can a PAXG holder look up their vaulted physical gold’s serial number and physical characteristics?

Answer: Enter their Ethereum wallet address on the PAXG lookup tool

Q8) Where are PAXG’s physical gold reserves stored?

Answer: London Bank Vaults

Q9) Which gold tokens can be redeemed for physical gold?

Answer: PAX Gold (PAXG)

Q10) PAXG is built as an _

Answer: ERC-20 token on the Ethereum blockchain

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