PAXG is an ERC20 token on the Ethereum public blockchain.
Read moreIs PAXG the same as PAX?
Technically, PAX Gold falls under the same conventions set for Paxos Standard , (a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens) in addition to the necessary frameworks needed for heavy physical commodities. PAXG offers a regulated custodial solution that is regulated by the NYDFS.
Read moreWhen was PAXG coin launched?
Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019 .
Read moreWhat is Pax in crypto?
Paxos (PAX) is a USD-pegged cryptocurrency, otherwise known as a stablecoin developed by Paxos Trust Company . It is regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets.
Read moreIs ERC-20 a PAXG?
Paxos Gold (PAXG) is an ERC20 token that is Centrally Minted and Burned by Paxos, representing the physical ownership of LBMA accredited Gold Bars.
Read moreWhat is PAXG coin?
Paxos Gold (PAXG) is a crypto asset backed by real gold reserves held by Paxos, a for-profit company based in New York . Each PAXG token is redeemable for 1 troy fine ounce of gold custodied in vaults by Paxos and its partners, and its market value is meant to mirror the physical gold it represents.
Read moreHow many PAXG coins are there?
PAXG tokens are burned upon redemption of the physical gold. The current supply is 31,400 PAXG .
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