Hodlnaut Launches a New Digital Asset Dubbed PAX Gold (PAXG) on its Platform
- Reflecting the platform’s position, the CEO of Holdnaut, Juntao said the PAXG offers investors the benefit of holding Gold. He illustrated that it also offers swiftness and liquidity of a virtual asset.
A lending and borrowing platform identified as Hodlnaut has unveiled a new asset, identified as PAX Gold. Also, this asset, otherwise referred to as PAXG will allow investors to earn dividends.
” PAX Gold is a cryptocurrency that offers the benefits of physical gold ownership but with the speed and liquidity of a digital asset. We’re looking to provide our users with access to assets that we believe are recession-proof in these uncertain times amidst the bleak macro backdrop,” said Juntao, CEO and Co-Founder of Hodlnaut.
Hodlnaut on a Scope
As announced, PAXG is now available on the platform alongside other assets like ETH, BTC, USDT, USDC, DAI, and WBTC. The new token comes with a list of packages under the categorization of Open and Fixed terms.
As revealed, Investors started earning interest in PAXG on Friday. Therefore, they can start exploring the league of features attached to it. These features comprise of Interest Account, Fixed Term Deposits, Preferred Interest Payout, and Hodlnaut’s Token swap.
For a while, the platform will initiate publicity to commemorate the unveiling of the new asset. Notably, there are numerous incentives attached to investing in the new token within the platform. These incentives will run during the publicity period. One of these incentives includes a bonus of 0.5 percent PAXG for investors that swap the asset.
As reported, the platform remains enthusiastic about expansion and service advancement. With indications, Hodlnaut has refused to bow to the negative implications of the crypto winter. Subsequently, the platform intends to unveil new products in the near future.
Furthermore, the unveiling of the PAXG underlines the commitment of Hodlnaut to the aforementioned course. With investors in mind, the platform will introduce more products to aid a good user experience. Consequently, ensuring they trade and explore the platform with ease.
Side Notes
Based in Singapore, Hodlnaut offers interest of about 7.25 percent from different borrowing and lending packages on its platform. The platform tends to build a synergy between investors and institutions.
Established in 2019 by Juntao Zhu and Simon Lee, the company also functions as a Fintech firm. With certification from the Singapore Fintech Association, Hodlnaut is duly authorized by the Monetary Authority of Singapore.
Besides, the MAS also certified the organization with a Major Payment institution in the country. Since its establishment, the platform has witnessed remarkable growth. Making it a force to reckon with in the industry.
Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”
