Celsius adds PAX Gold to its crypto rewards platform
September 21, 2020 at 09:00 am
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Celsius announced the addition of Paxos' PAX Gold (PAXG) token to the Celsius mobile app. PAXG holders can now transfer their crypto to the Celsius app and earn up to 4.5% APY on their digital gold. Celsius is the first platform ever to offer yield on the world's oldest store of value, and PAXG is the second gold-backed cryptocurrency to be added to the Celsius platform after the company announced the addition of Tether Gold (XAUt) to the mobile app earlier this year. PAXG tokens are regulated by the New York Department of Financial Services and each token is backed by one fine troy ounce of London Good Delivery gold. PAXG is the only digital token backed by the highest-quality LBMA-certified gold bars stored in Brink's vaults in London.
Celsius Holdings, Inc. is engaged in the development, processing, marketing, sale, and distribution of functional energy drinks to a range of consumers. The Company's flagship asset, CELSIUS, is marketed as a fitness drink or supplement which, with exercise, is designed to accelerate metabolism and burn body fat while providing energy. This product line comes in two versions: a ready-to-drink form and an on-the-go powder form. The Company also offers a new CELSIUS Essentials line, available in 16-ounce cans. Celsius products are offered in retail channels across the United States, including conventional grocery, natural, convenience, fitness, mass market, vitamin specialty and e-commerce. Additionally, the Company's products are also offered in certain Canadian, European, Middle Eastern and Asia-Pacific markets. Its product's formulation includes ingredients and supplements such as green tea (EGCG), ginger (from the root), calcium, chromium, B vitamins and vitamin C.
CELSIUS HOLDINGS, INC. 
