Steemit Crypto Academy week 7: Stable coins - Part2 - Professor @yohan2on

How is everyone? I have been trying to understand the lectures for a long time. Although I am brand new to this platform. So I had a little trouble understanding these but our professors understand so well that I have learned a lot. Today I am working on the home of Professor @yohan2on week 7. First of all, I have to answer the questions that I am giving.

  • USD Coin (USDC)
  • TrueUSD (TUSD)
  • Paxos Standard (PAX)
  • Digix (DGX)

I have selected Paxos Standard (PAX) coin from the four stable coins that are here to discuss.


What is Paxos Standard (PAX)?

Paxos Standard (PAX) This is an acceptable stable coin. The Paxos Standard (PAX) is always 1: 1 parallel to the US dollar. Maintaining this balance is a very important task. Paxos Standard (PAX) is much more cute and much more user friendly than all the other stable coins. If one wants to make a big investment, one should first invest a small amount in the ones you place and continue mining on them so that he understands which points are very well supported and which coins have a good future. In this case I think Paxos Standard (PAX) is a very important coin that can keep itself in a strong position in volatile conditions.

If we want to see the price to verify it, we can easily see the price from any exchange. If we look at its price in a few months, we can see how parallel and stable it is. Those of us who are going to invest or are thinking and we must first invest in a parallel coin then we will understand and we will be able to hold our stomachs.

Source of screenshot

Where to Buy Paxos Standard (PAX) :

Buy Paxos Standard (PAX) is a coin that you can easily buy and sell from any exchange's website. In this case, you must first login to the website from which you will purchase. Then you can easily buy Paxos Standard (PAX) by credit card by following some procedures. In this case, I am going to share with you the names of some exchanges, they are Huobi, coinbene, Bit-Z, bitpay and many more exchanges, you can easily buy Paxos Standard (PAX).


Paxos Standard (PAX) Vision :

Currently Paxos Standard (PAX) is in a much better position. If one looks closely at its founders and those who are thinking about its future, one can see that eviction will be much more standard and up-to-date. In the future, it will surpass all other stable coins.


Benefite of use Paxos Standard (PAX) :

  • It plays a much more important role than other stabilizers when the market remains volatile.
  • It maintains a parallel relationship with the USD.
  • If anyone has Paxos Standard tokens. Wants to do but does not need any fees.
  • You can convert assets 24/7.

Conclusion :

Finally I would like to say that this is a very stable comment and it always maintains a parallel position with the USD. If anyone wants to invest, feel free to invest in it. Finally, I would like to thank Professor K for sharing such a beautiful lecture with us.

Cc :-


Comments 4

Hi @sshila

Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.


this is good work. well done with you research on PAX

Homework task

28.03.2021 00:09

@yohan2on @steemcurator02 sir please check my post i need your support.

01.04.2021 19:29

@steemcurator02 sir please check my post.

01.04.2021 19:23

@steemcurator02 Sir many many thanks for your support.

01.04.2021 19:42