Binance PAX Gold (PAXG) Quiz Answers
Submit all correct Binance PAX Gold quiz answers and claim assures $1 worth of PAXG token voucher. The quiz will go live on 21st July 2022, 07:00 am.
PAX Gold is an ERC-20 stablecoin backed by physical gold reserves held in secured vaults. You can trade PAXG on crypto exchanges like Binance.
It is based on the Ethereum blockchain and therefore it is compatible with Ethereum-based wallets and can be integrated with DeFi DApps and DEXs.
Learn & Earn Free $PAXG Tokens
1) Tap on the link given below and login to your Binance account.
2) Must verify your account because it is mandatory for collecting rewards.
3) Now open the quiz page by visiting this link.
4) PAXG quiz will start on 21st July 2022 at 07:00 am.
5) Take the quiz carefully and earn assured PAXG token rewards.
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
