Are you searching for the newest Binance PAX Gold quiz answers? Well, you're at the right place.
{tocify}$title={Table of Contents}Binance PAX Gold Quiz answers
Here are all the answers to Binance's latest PAX Gold quiz
Quiz Time : Unclear
Last Update : October 20, 2022
Question 1: The value of a PAXG token is equal to:
Answer is: 1 troy oz. of physical gold
Question 2: PAXG is regulated and approved by ____
Answer is: New York State Department of Financial Services
Question 3: When you own PAXG, you own physical gold. True or false?
Answer is: True
Question 4: Where are PAXG’s physical gold reserves stored?
Answer is: London Bank Vaults
Question 5: PAXG is built as an ____
Answer is: ERC-20 token on the Ethereum blockchain
Question 6: Which gold tokens can be redeemed for physical gold?
Answer is: PAX Gold (PAXG)
Question 7: PAXG storage fees are:
Answer is: 0.00%
Question 8: How do I know PAXG is fully backed by physical gold?
Answer is: An independent auditing firm performs monthly checks on Paxos’ gold reserves.
Question 9: How can a PAXG holder look up their vaulted physical gold's serial number and physical characteristics?
Answer is: Enter their Ethereum wallet address on the PAXG lookup tool.
Question 10: Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?
Answer is: True
How to earn PAXG on Binance Learn and Earn
Through Binance Learn and Earn initiative, users can earn rewards in PAXG and acquire knowledge about the basics of cryptocurrency and its related technology.
Here's how users can register for the PAX Gold quiz to earn rewards in Binance's native PAXG crypto.
- Visit the Binance learn and earn section on the Binance website, or through the Binance app.
- Browse through the crypto quiz options and select the PAXG quiz.
- Complete the course.
And that's it! Also note that a user can only participate in the quiz once.
Now you've completed the Binance PAX Gold quiz, check out the Binance quiz answers to earn free crypto