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.
Read moreHow do I redeem PAXG gold?
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.
Read moreHow does pax gold work?
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.
Read moreHow much is Pax gold worth?
PAXG Price Statistics PAX Gold Price$1,960.24Trading Volume24h$24,332,258.70 42.85%Volume / Market Cap0.03908Market Dominance0.03%Market Rank#114PAX Gold price today, PAXG to USD live, marketcap and chart coinmarketcap.com › currencies › pax-gold
Read moreIs Pax gold a stable coin?
Pax Gold is a stablecoin created by Paxos Standard that is backed by physical gold. Each PAXG token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar, which are stored in Brink’s vaults.
Read moreIs PAXG backed by gold?
PAXG is now backed by gold secured in Brinks vaults and held in custody through the Paxos Trust Company.
Read moreWill Coinbase add PAXG?
PAX Gold is not supported by Coinbase .
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