How does PAXG make money?

How does Paxos Gold work? Paxos Gold runs on the Ethereum blockchain, and its transactions operate according to the smart contract rules set forth by that network . The company charges a small fee for the creation and destruction of PAXG tokens (around 0.02%).

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What is Pax gold coin?

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.

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Where can I trade PAXG?

PAX Gold (PAXG) exchanges ExchangesPAXG price24h trade volume1 Binance$ 1,998.01$ 37.84 million2 FTX$ 2,000.92$ 11.49 million3 AAX$ 1,998.37$ 4.94 million4 Uniswap v2$ 2,012.32$ 3.67 millionPAX Gold (PAXG) Exchanges List & Rates | Coinranking coinranking.com › coin › YRTkUcMi+paxgold-paxg › exchanges

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