PAX Gold (PAXG) is a cryptocurrency token backed by physical gold. Each PAXG token represents ownership of 1 troy ounce of gold stored in a secure vault. PAXG allows users to own and transact gold digitally, without having to worry about physical storage and security. This token can be traded on various cryptocurrency platforms and can be used as a means of investment and a hedge against inflation. With PAXG, users can enjoy the benefits of gold ownership without having to worry about storage costs and physical security. PAXG offers flexibility and security in digital gold investments.