PAX Gold (PAXG) is an encrypted asset, each token represents a deposit in the Brink professional vault One troy ounce in a 400-ounce standard delivery gold bar. All holders of PAX Gold enjoy direct ownership of the corresponding gold under the custody of the Paxos Trust Company. Therefore, the value of PAX Gold tracks the real-time market price of gold.
PAX Gold customers not only own the physical gold anchored behind them, but also enjoy the speed and liquidity of digital assets. Customers can own some of the top quality physical gold. On Paxos' official website, customers can quickly and efficiently exchange their tokens for registered gold, unregistered gold, or fiat (and vice versa), reducing delivery risk.
PAXG holders can use their Ethereum wallet address to query the serial number, value and other physical characteristics of the gold behind their encrypted gold coin PAXG anytime, anywhere.
