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 .
Read more