Is PAXG same as gold?

Genel

The amount of gold representing the total supply of PAXG is a 1:1 ratio – one fine troy ounce of gold equals one PAXG token . The total supply of gold representing PAXG changes continuously as the market capitalization of PAXG increases and decreases.

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How do I redeem PAXG gold?

Genel

Redeem for Physical: You may redeem for a Physical gold bar by initiating a sell request through the Paxos wallet dashboard on the PAX Gold page . For redemption of PAXG into Gold Bars, you will need to have a minimum of 430 PAXG plus fees given that London Good Delivery gold bars range from 370-430oz.

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Is Pax gold Crypto?

Genel

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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How does pax gold work?

Genel

How Does PAX Gold Work? Every PAXG token is backed by one ounce of allocated gold stored in Brink’s vaults . For smaller amounts, physical gold retailers are used to help investors redeem their tokens. PAXG uses the same consensus protocol and blockchain features as Ethereum, including access to smart contracts.

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