Can I get a fractional amount of a PAX Gold (PAXG) token?
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…
How does Paxos collect fees?
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…
What can I do with PAX Gold on the Paxos platform?
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:…
How much gold is backing the total supply of PAX Gold (PAXG)?
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…
Who is your precious metal auditor?
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)…
What partners is Paxos working with?
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…
What is the benefit of having physical assets on a blockchain?
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…
What does allocated and unallocated gold mean?
When a customer trades for allocated gold bars, they receive ownership rights to specific gold bars that are held in a precious metal dealer’s vault on the customer’s behalf. Allocated…
Why are some bars more pure than others, and is a bar of higher purity a better bar?
Since one PAX Gold (PAXG) token always equals one fine troy ounce of London Good Delivery gold, one PAXG token always refers to pure gold, regardless of the impurities that…
What is a fine troy ounce?
A fine troy ounce is the standard unit of measurement for gold. It considers both the purity of the metal (fineness) and its weight (troy ounce). Paxos uses a fine…
Paxos Releases Ninth Monthly Attestation of PAX and USD Reserves
On May 31, 2019, Paxos issued its ninth monthly attestation of PAX and USD reserves. Each month, our independent auditor reviews and attests to Paxos’ reserves. Click here to review…
What are Auto-Transfers on the Paxos platform?
Auto-Transfers are a faster and easier way for customers to get PAX. After designating an address where you would like to send your PAX, you will be able to switch…