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 moreDoes Coinbase support PAXG?
(PAXG / USD) PAX Gold is not supported by Coinbase .
Read moreHow can I buy PAXG?
How to buy PAXG on Kraken
Read moreWhen was PAXG coin launched?
Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019 .
Read moreWhat is PAXG coin?
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 many PAXG coins are there?
PAXG tokens are burned upon redemption of the physical gold. The current supply is 31,400 PAXG .
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