Stable token issuer Paxos cooperated with the Ontology foundation to release 100 million stable COINS

Block dynamic message: stable currency publisher Paxos will cooperate with Ontology to release 100 million PAX tokens.

Coindesk April 27reports, starting from may, Paxos (PAX) tokens will be used online in the block chain of the Ontology, and PAX will be linked to the us dollar at a 1:1 ratio.

The release will make it easier for individuals and businesses to trade Ontolog's ONT tokens, which are linked to legal bills. Paxos Standard (PAX) is a regulated, stable dollar-backed asset that was launched last September. Block pulse understands that it can only be used as erc-20 tokens on the ethereum block chain at present, but they now have a second option after the Ontology collaboration.

While PAXOS is still the entity for understanding customer processes and dollar deposits and withdrawals, it authorizes ontologies to collaborate to publish PAX on their blockchain.

Unlike Tether, PAX will ensure public audits and that all dollar deposits are held in separate accounts at Banks insured by the Federal Deposit Insurance corp., Ontology said

The singapore-based Ontolog foundation launched its chain network in June last year, aiming to offer a wide range of fast and cheap deals.

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