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.
Read moreIs PAXG coin a good investment?
Even though the price of gold can be volatile in the short term, historically it has always maintained its value over the long term. For this reason, many investors use it as a hedge against inflation, making it an investment worth considering .
Read moreCan you buy PAXG on Binance?
Binance will list PAX Gold (PAXG) and open trading for PAXG/BTC, PAXG/BNB and PAXG/BUSD trading pairs at 2020/08/26 12:00 PM (UTC). We will then open trading for PAXG/USDT at 2020/08/28 12:00 PM (UTC). Users can now start depositing PAXG in preparation for trading.
Read moreCan you trade gold 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 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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