That’s tomorrow folks October 29th 2019 Kraken will list trading pair OMG and PAX.
On Monday, October 28, 2019, 12:25:33 PM EDT, Kraken [email protected] wrote:
We are pleased to announce that OmiseGO (OMG) and PAX Gold (PAXG) will be listed on Kraken starting October 29.
What is OmiseGO (OMG)?
OmiseGO is a decentralized banking and exchange platform that enables instant, peer-to-peer transactions across multiple blockchains, asset classes (including fiat), and applications. Additionally, it seeks to leverage its parent company’s gateways to traditional and established payment service providers to drive network growth.
OmiseGO is a Proof-of-Stake blockchain linked to Ethereum. It is powered by the OMG token, which is an Ethereum ERC-20 token
The network utilizes a scaling solution called Plasma, a sidechain of Ethereum, which enables speeds of up to 4,000 transactions per second. As a result, users can pay up to 90% lower fees than on Ethereum
OmiseGO provides an open-source and white label eWallet suite that can be used to digitize and store multiple types of assets. Additionally, the wallet’s device will act as a node on the network and verify transactions
OmiseGO is an entity under Omise Holdings, created in 2013, which also includes Omise Payments. Omise Payments is an online payment gateway offering a wide range of processing solutions across Asia
Project website: https://omisego.co/
What is PAX Gold (PAXG)?
PAX Gold (PAXG) gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Physical gold on the blockchain has the advantages of legal ownership of physically allocated gold, without the drawbacks of limited transportability and high storage costs.
PAXG’s value is tied directly to the real-time market value of physical gold, and it serves as a hedge against crypto volatility
One token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, held in custody by the Paxos Trust Company
PAXG is an Ethereum ERC-20 token
PAXG is operated by Paxos, a trust company and custodian, regulated by the New York State Department of Financial Services. Paxos was founded in 2012
Project website: https://www.paxos.com/
What time will funding and trading for OMG and PAXG start?
Funding: Kraken will enable deposits and withdrawals for OMG and PAXG at approximately 13:30 UTC on October 29.
Please note that you should never send any funds to an ERC-20 address that is not listed in your deposit screen. Doing so may result in an irrecoverable loss of funds.
If you do not see an available ERC-20 address in your account, you must generate a new deposit address.
Trading: The first trades will start shortly after funding is enabled, because sell orders cannot be placed until deposits clear (see the required confirmation times for deposits here)
Updates will be posted on the status page near launch time
To learn more about the listings, check out our blog post.
Thank you for choosing Kraken, the trusted and secure digital asset exchange.
The Kraken Team
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