PAX Gold (PAXG) is a digital currency (ERC-20 token) backed by physical gold stored in certified vaults, where each token represents one ounce of "London Good Delivery" gold. It is issued by the licensed and trusted Paxos Trust Company, and investors can preview the characteristics of the gold linked to their token (such as serial number and value) using the tracking tool on the platform. PAXG is easily tradable on various platforms and is used in DeFi as collateral or for digital investment while maintaining a low level of storage and management costs. Today, the price of PAXG is approximately 3,393 USD, making it a safe and transparent digital means of owning gold with utmost ease.
