The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.

What is Gnosis? Gnosis is a collective of aligned projects revolutionizing payments infrastructure to make decentralized financial tools accessible and usable for all The Gnosis ecosystem is underpinned by Gnosis Chain, a highly secure, resilient, and decentralized EVM-compatible layer 1 network and also includes the venture-building arms, Gnosis Studio and Gnosis Capital, the developer, investor, and incubator of a host of leading decentralized solutions. These projects are creating a radically inclusive infrastructure helping bridge the gap between blockchain technology and practical, everyday applications/use cases. What is the history of Gnosis? Idealistic engineers who believe in restoring people's control over their own lives through building open financial tooling, Gnosis evolved and created industry standard applications such as the Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, Zodiac (standard and tooling for composable DAOs). Most recently Gnosis launched, Gnosis Pay, which allows users to spend crypto anywhere through the Gnosis VISA-supported debit card, and more. What role does GNO play in the Gnosis ecosystem? GNO is the staking token of Gnosis Chain and the governance token for the GnosisDAO and an index token for the Gnosis ecosystem. Gnosis Ventures incubates, invests in, and supports projects in all early stages, spinning incubated projects out where appropriate. The relationship between these ventures and the token can take several forms: Either GNO is used as a token directly or the Gnosis token is economically coupled with the project tokens. What education resources does Gnosis have for developers? The Gnosis Chain doc site is a comprehensive resource for developers building on Gnosis Chain: https://docs.gnosischain.com/ What is the governance model for Gnosis? The Gnosis ecosystem is governed through the GnosisDAO, with voting power distributed amongst GNO token holders. As a DAO, anyone can participate in decision making about the development of Gnosis. We are a vibrant community founded on the values of early Ethereum. Use your voice to take a stand on issues, weigh in on proposals, and shape the future of Gnosis. How does Gnosis foster developer adoption and support the growth of its ecosystem? Gnosis Capital invests in early-stage web3 projects that are poised to make significant contributions to closely aligned projects in the flourishing Gnosis ecosystem. The Gnosis treasury is governed by the GnosisDAO with voting power distributed amongst GNO holders. As a DAO, Gnosis also uses the products that it creates to transparently guide decisions on the development, support, and governance of its own ecosystem.