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 moreHow do I get pax on Binance?
How to Buy PAX Gold (PAXG) [For Beginners]
Read moreHow can I get Paxos gold?
How to buy PAX Gold
Read moreIs gold available on Binance?
Binance will list Adventure Gold (AGLD) in the Innovation Zone and will open trading for AGLD/BNB, AGLD/BTC, AGLD/BUSD and AGLD/USDT trading pairs at 2021-10-05 07:00 (UTC).
Read moreIs Pax gold a cryptocurrency?
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.
Read moreIs Pax backed by gold?
Paxos is a trust company and custodian that is heavily regulated by the New York State Department of Financial Services. The PAX Gold token is also fully backed by allocated physical gold that is held in one of the most secure vaults worldwide. The supply of PAX Gold and underlying gold is audited every month.
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