Will PAX Gold tokens go up in value?
When a customer owns PAXG, they own physical gold. This means the value of PAXG tokens is always tied to the spot market price of gold.
When a customer owns PAXG, they own physical gold. This means the value of PAXG tokens is always tied to the spot market price of gold.
Yes. It is possible to own tiny fractions of a token, which are divisible out to 18 decimal points. If you purchase PAXG directly from Paxos.com, the minimum purchase is…
Two reputable sources to learn about gold include the World Gold Council, which represents gold mining companies and sponsors education and research on gold, and the London Bullion Market Association…
All PAX Gold (PAXG) fees are charged in PAXG, not in USD or in PAX. This means a small amount of your PAXG balance is taken as a fee, and…
Pax Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns…
On the Paxos platform, you can acquire PAXG by sending in USD or unallocated gold. When you do this, you are creating new PAXG tokens. You can release PAXG by:…
Paxos is unable to tokenize gold that a customer may already own; Paxos only tokenizes London Good Delivery gold bars that it sources directly from an LBMA-member firm. This allows…
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…
Paxos has engaged Withum to certify its issued gold tokens always represent the same amount of gold in storage. On a monthly basis, the total supply of PAX Gold (PAXG)…
Paxos works with Brink’s bullion vaults.
Paxos has partnered with several leading third parties in the gold industry so that it can offer physical redemption of PAX Gold (PAXG) tokens. These partners include Brink’s (for storing…
Physical gold on the blockchain has the advantages of representing legal ownership of physical allocated gold without the associated drawbacks of limited transportability or high storage costs. Instead, it has…