Facilitates fractional ownership of physical gold, making gold investment more accessible
Provides a hedge against inflation and currency devaluation
Enables low-cost and secure transfer of gold value across borders
Offers a stable store of value, reducing exposure to the volatility of other cryptocurrencies
Used in DeFi platforms as a collateral asset
Allows investors to diversify their portfolio with a time-tested asset like gold.
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About
PAX Gold (PAXG) is a cryptocurrency launched by Paxos Trust Company with the objective of bridging the gap between traditional gold investment and digital assets. Each PAXG token is backed by one fine troy ounce of a London Good Delivery gold bar, stored in Brink's vaults, providing token holders with ownership of real, physical gold. Issued as an ERC-20 token on the Ethereum blockchain, PAXG allows for easy exchange and transferability across the crypto ecosystem while maintaining the stability and intrinsic value of gold. This innovative fusion of gold and blockchain technology offers both security and transparency, empowering investors to trade and own fractionalised gold with the flexibility and convenience characteristic of cryptocurrencies.
Facilitates fractional ownership of physical gold, making gold investment more accessible
Provides a hedge against inflation and currency devaluation
Enables low-cost and secure transfer of gold value across borders
Offers a stable store of value, reducing exposure to the volatility of other cryptocurrencies
Used in DeFi platforms as a collateral asset
Allows investors to diversify their portfolio with a time-tested asset like gold.
News
No News Found
No News Found
About
PAX Gold (PAXG) is a cryptocurrency launched by Paxos Trust Company with the objective of bridging the gap between traditional gold investment and digital assets. Each PAXG token is backed by one fine troy ounce of a London Good Delivery gold bar, stored in Brink's vaults, providing token holders with ownership of real, physical gold. Issued as an ERC-20 token on the Ethereum blockchain, PAXG allows for easy exchange and transferability across the crypto ecosystem while maintaining the stability and intrinsic value of gold. This innovative fusion of gold and blockchain technology offers both security and transparency, empowering investors to trade and own fractionalised gold with the flexibility and convenience characteristic of cryptocurrencies.
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