#PAXG is a unique bridge between the cryptocurrency world and the stable value of physical gold.
Direct link to physical gold:
Each PAXG token is backed 1:1 by one ounce of high-quality physical gold, securely stored. This ensures that the value of PAXG closely reflects the market value of gold, providing stability and reliability.
Digital advantages:
With PAXG, investors can own gold without worrying about storage or insurance, while also easily trading on major exchanges. The ability to exchange for physical gold or currency further strengthens this connection.
Thanks to direct support mechanisms and high liquidity, PAXG provides the benefits of physical gold in the digital age.
Specifically:
👉 1 PAXG = 1 ounce of physical gold (~31.1g)
🔹 Gold is stored in LBMA-standard vaults in London
🔹 Issued by Paxos, operating on Ethereum
🔹 Licensed by NYDFS (USA) for management
🔹 PAXG holder:
• Essentially owning gold
• Can:
+ Exchange for USD
+ Or exchange for physical gold (if sufficient quantity)
📌 PAXG = tokenized gold (asset-backed token)
✔️ Inflation-resistant
✔️ Less volatile than crypto
✔️ Trading 24/7 on the exchange
Trading place: #Binance!
