WazirX listed PAX Gold (PAXG) earlier on Monday on both USDT and INR markets. In other words, we are be able to purchase, sell, and trade PAXG in WazirX’s INR/USDT market. As always it is with a new listing, PAXG comes with a giveaway of over $19000 and we will learn how users can win it in this article.
Contents
PAX Gold (PAXG) Basics
PAX Gold (PAXG) is a digital asset issued by Paxos. Each PAXG token is backed by one fine troy ounce (t oz) equal to 31.1034768 grams, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company. The issuance of PAXG is approved by the New York State Department of Financial Services (NYDFS).
If a user holds more than 430 PAXG tokens, they have the choice to redeem their tokens in exchange for physical gold bars. Paxos charges fees for both the creation and redemption of the PAXG token. PAXG is an ERC20 token easily transferable and tradeable across exchanges.
Here are some PAXG stats (as of May 21, 2021):
- Trading Price (past 24 hr): $1,891.02 USD
- Global Market Cap (past 24 hr): $113,724,364 USD
- Global Trading Volume (past 24 hr): $3,688,069 USD
- Circulating Supply: 60,161.00 PAXG
- Total Supply: 84,150 PAXG
What does the PAXG Listing on WazirX Enable?
PAXG is listing on WazirX under the Rapid Listing Initiative but certain changes to it. You will need to link Binance Account with WazirX for deposits and withdrawals.
- Deposits – Participants can deposit PAXG from Binance wallet to WazirX.
- Withdrawals – Participants can withdraw PAXG to their Binance wallet one day after the listing.
- Trading – Participants can buy, sell, trade PAXG in their USDT and INR market.
Giveaway and Program Schedule
- Monday, May 17: AMA with Carl Vogel, Paxos Global. Learn everything about Pax Gold and win total prizes of $150.
- Tuesday, May 18: YouTube Live between Pareen Lathia, WazirX, and Carl Vogel, Paxos Global.
- Wednesday, May 19: Quiz in WazirX Telegram group with prizes of $300. Show off your Pax Gold knowledge in a fun quiz session and win.
- Thursday, May 20: Trivia contest on WazirX Instagram page with prizes of $50. Learn interesting trivia about PAX Gold and win.
- Monday, May 24 – Wednesday, May 26: 48-hour long Highest Trader Kaun Marathon with prizes of INR 7,20,000 ($9,000) worth PAXG for top 150 traders.
- Monday, May 31 – Wednesday, Jun 02: 48-hour long Highest Trader Kaun Marathon with prizes of INR 7,20,000 ($9,000) worth PAXG for top 150 traders.
AMA with Paxos Global
The AMA with Carl Vogel, Paxos Global to learn everything about Pax Gold completed on May 17, 2021 with users earning a giveaway of $150.
Giveaway:
$100 for top 10 questions selected from Twitter.
$50 for top 5 live questions from Telegram group.
PAXG Telegram Quiz
WazirX arranged an exciting quiz about Paxos and PAXG token. Participants showed off their PAXG knowledge and won prizes.
When: Wednesday, May 19, 6 PM IST
Where: http://t.me/wazirx_discuss
Reading resources:
How to participate:
- Join the WazirX Discuss group on Telegram: t.me/wazirx_discuss
- Participants will be given a total of 10 questions.
- Participants need to choose the correct answer as quickly as they can
Giveaway:
1st place: $50
2nd – 5th place: $25each
6th – 20th place: $10 each
Instagram Trivia Contest for PAXG
Participants can find how much they know about PAXG, through the PAXG trivia contest.
When: Thursday, May 20, 12 PM IST
Where: instagram.com/wazirx
How to participate:
- Follow WazirX on Instagram: instagram.com/wazirx
- WazirX will share 5 questions on their Instagram Story
- Participants have to choose the right answer
Giveaway:
One winner will be chosen from every question from all the correct answers and will win 0.0054 PAXG.
Highest Trader Kaun Marathon: PAXG / INR
Highest Trader Kaun Marathon welcomes participants with prizes for the top 150 traders and with more opportunities to win. This time there are two of them.
What’s the latest in the contest?
- The first trading contest is from Monday, May 24, 9 AM to Wednesday, May 26, 9 AM IST.
- The second trading contest is from Monday, May 31, 9 AM to Wednesday, Jun 02, 9 AM IST.
- Each contest will be run non-stop for 48 hours.
- Total prize of INR 14,40,000 (~ $18000 USD) worth PAXG, prize is of INR 7,20,000 (~ $9000 USD) worth PAXG per contest. Participants can win rewards based on their trading performance for the entire 48-hour long trading contest marathon!
Contest 1 timing: Monday, May 24, 9 AM to Wednesday, May 26, 9 AM IST
Contest 2 timing: Monday, May 31, 9 AM to Wednesday, Jun 02, 9 AM IST
How can participants take part in the contest and win?
Winners will be determined on the basis of the volume of PAXG traded in the WazirX’s INR market.
What are the prizes?
Prizes for top 150 traders in the contest:
| Trader Rank | Prizes/person (PUSH) | INR worth |
| 1 | 0.8741 | 1,29,600 |
| 2 | 0.4856 | 72,000 |
| 3 | 0.2428 | 36,000 |
| 4 – 10 | 0.1457 | 21,600 |
| 11 – 20 | 0.0728 | 10,800 |
| 21– 30 | 0.0389 | 5,760 |
| 31 – 40 | 0.0243 | 3,600 |
| 41 – 50 | 0.0146 | 2,160 |
| 51 – 100 | 0.0097 | 1,440 |
| 101-150 | 0.0049 | 720 |
Happy Trading!
Note: For the entire giveaway, PAXG price will be considered at $1,855.55, i.e., ₹1,48,258.44 and all prizes will be distributed by June 11, 2021.
Previous WazirX Listing and Giveaways:
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