PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos . Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product.
Read moreHow do you get Pax gold coins?
How to buy PAX Gold
Read moreIs Pax gold real gold?
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 does PAX gold make money?
Cascarilla says PAX Gold will make money by charging a small premium on the gold, and also by charging a “tokenization” fee at time of initial purchase that will be 1% of the purchase of a single ounce , but that will drop significantly for larger purchases.
Read moreIs Pax gold Crypto?
Pax Gold (PAXG) is a gold-backed cryptocurrency , launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
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