PAX Gold vs Maker Token vs Steem Dollars
What problem does this service solve?
PAX Gold is designed to be a digital asset that is more accessible, redeemable, and flexible. | The Maker token is the native token of the MakerDAO platform. Its purpose is to help govern and stabilize the DAI stablecoin project. | Steem Dollars are a stablecoin that are designed to be used as a less volatile medium of exchange on the Steem platform. |
Token Stats
Company Description
PAX Gold is stablecoin backed by gold. Each PAX Gold token is backed by one troy ounce (t oz) of a 400 oz London Good Delivery gold bar that is stored in a physical vault. PAXG holders own the underlying physical gold that is held in custody by the Paxos Trust Company, which is a regulated financial institution. Paxos specializes in providing custody and infrastructure solutions that enable movement between physical and digital assets. | The Maker token (MKR) is the MakerDAO native token. It acts as a utility token, governance token and a recapitalization tool for the MakerDAO platform, which manages the DAI stablecoin. MKR is used as part of the stabilizing mechanism that is in place to combat the price volatility of the DAI stablecoin. | Steem Dollars, or Steem Based Dollars, are stablecoins released by the Steem platform and pegged to the USD. Steem Dollars (SBD) are one of the three currencies that help power the Steem social media platform. SBD holders are entitled to receive one dollars worth of STEEM when it is redeemed. |