In order to satisfy the trading demand of various users, MXC will launch PAXG3L and PAXG3S leveraged ETF products at 21:00 (UTC+8), February 26, tracking the movement of PAX GOLD (PAXG), with daily management fee rate of 0.1% for each-time leverage.
PAX Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
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Enjoying your trade on MXC.
The MXC team
February 26, 2020