Dear XTers,
We are honored to announce that PAXG (PAX Gold) and BICO (Biconomy) will be listed on XT.COM.
PAXG/USDT, BICO/USDT trading pair will be opened in Innovation Zone (HOT COIN). Please take note of the following go-live schedule:
- Deposit: 08:00 on June 14, 2024 (UTC)
- Trading: 08:00 on June 14, 2024 (UTC)
- Withdrawal: 08:00 on June 15, 2024 (UTC)
[Token PAXG]
PAX Gold (PAXG) is a digital asset issued by Paxos. Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company.
A user can choose to redeem her PAXG tokens with Paxos, and receive the corresponding value her tokens represent in USD. If a user holds more than 430 PAXG tokens, she has the choice to redeem her tokens in exchange for physical gold bars.
According to PAXG's tokenomics, the on-chain transfer has a 0.02% burning mechanism; at the same time, XT.COM will aggregate the PAXG deposited by the user and deduct a tax of 0.02%.
Website: https://www.paxos.com/paxgold/
Blockchain Browser: https://etherscan.io/token/0x45804880de22913dafe09f4980848ece6ecbaf78
Whitepaper Link: https://www.paxos.com/pax-gold-whitepaper
[Token BICO]
Biconomy aims to reduce the entry barrier for developers building on Web 3 by providing a plug-and-play relayer infrastructure to developers. The current products include a meta-transaction middleware through which dApp users can delegate gas fee payment to the service provider and a cross-chain bridge.
Website: https://biconomy.io/
Blockchain Browser: https://etherscan.io/token/0xf17e65822b568b3903685a7c9f496cf7656cc6c2
Whitepaper Link: https://www.biconomy.io/litepaper
Risk warning:
- PAXG and BICO are newly-listed tokens and its initial price may suffer huge fluctuations, causing partial or total losses. Before trading, please have a full understanding of all the risks in investing in digital assets and be prudent in your own decisions.
- All information displayed on XT.COM does not constitute investment advice. XT.COM does not take responsibility for any direct or indirect losses resulted. XT.COM does not assume responsibility for guarantees or compensation for depositing or locking positions.
Thank you for your support!
XT.COM Team
June 14, 2024
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.