1. Project Introduction
PAX Gold (PAXG) is a digital asset issued by Paxos. Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company.
A user can choose to redeem her PAXG tokens with Paxos, and receive the corresponding value her tokens represent in USD. If a user holds more than 430 PAXG tokens, she has the choice to redeem her tokens in exchange for physical gold bars.
2. Coin Info
- Token Name: PAX Gold
- Token Symbol: PAXG
- Token Type: ETH
- Total Supply: 213,972.366 PAXG
- Circulating Supply: -
3. Useful Links
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Official Website: https://www.paxos.com/paxgold/
- Explorer: https://etherscan.io/token/0x45804880de22913dafe09f4980848ece6ecbaf78
- Whitepaper: https://www.paxos.com/paxgold/
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Twitter: https://x.com/paxosglobal
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Telegram: -
