$BTC XSuperApp Information:
PAXG is a trading symbol for Pax Gold,
which is a cryptocurrency backed by real gold.
Pax Gold aims to make investing in gold easier and more accessible, avoiding the challenges of physical storage, transportation, and insurance that come with traditional gold purchases.
Each PAXG token represents one troy ounce (approximately 31.1 grams) of "London Good Delivery" gold bullion of 400 ounces, stored in professional vaults (such as Brink's vaults). This means that when you own a PAXG token, you own the rights to that physical gold, which is held by Paxos Trust Company.