PAX Gold, also known as PAXG, is a gold-backed cryptocurrency that has been making waves in the digital asset space. Launched in September 2019 by Paxos, PAXG is an ERC-20 token that represents one fine troy ounce of gold stored in professional vault facilities.
*Market Performance:*
PAXG has seen significant growth, with a current price of $5,304.01 and a market cap of $2.06 billion. The token has outperformed the global cryptocurrency market, with an 8.30% price increase in the past seven days .
*Why Invest in PAXG?*
_Hedge Against Inflation_: PAXG provides a digital hedge against inflation and economic uncertainty.
_Liquidity_: PAXG is listed on major exchanges, including Binance and Coinbase, ensuring easy access to liquidity.
_Security_: PAXG's gold reserves are stored in secure vaults, providing an added layer of security.
*Getting Started:*
To invest in PAXG, you can buy it on cryptocurrency exchanges like Binance or Coinbase. You can also store your PAXG in a digital wallet, such as MetaMask.
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