Binance Learn & Earn PAXG Quiz Answers
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