PAX Gold (PAXG)

What is PAX Gold (PAXG)? PAX Gold (PAXG) is a cryptoasset on the Ethereum blockchain, backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in professional vault facilities. Each PAX Gold token represents ownership of a physical gold bar, and is 100% redeemable with the underlying gold, subject to applicable fees. PAX Gold tokens provide a way to use and transfer gold without taking possession or storing physical gold. PAX Gold was created by Paxos, a New York-regulated financial institution. Who founded PAX Gold? PAX Gold was launched in September 2019 and is the product of Paxos, a New York-regulated financial institution. Paxos was founded by Brooklyn-based entrepreneurs Charles Cascarilla, Andrew Chang and Geoff Potter in 2012. It provides a range of financial services and is focused on leveraging blockchain technology to increase the efficiency and security of financial transactions. What makes PAX Gold unique? PAX Gold is unique in several ways. First and foremost, PAX Gold is a fully regulated asset backed by physical gold in professional vault facilities. Each PAX Gold token is backed by a physical gold bar and it is possible to redeem PAX Gold tokens with the underlying gold bar. Additionally, PAX Gold is designed to be fast and easy to use, both for transfers of PAX Gold tokens and for redemption in the form of physical gold. Finally, PAX Gold leverages the Ethereum blockchain to facilitate more secure and efficient global transfers. Where is PAX Gold used? PAX Gold is used as a global store of value, as an efficient way to transfer gold, and as a hedge against traditional and crypto market volatility. PAX Gold is currently available to buy, sell, redeem and transfer on the Paxos platform and on selected exchanges, such as CoinList, Gemini, Bittrex and itBit. Where to buy/sell PAX Gold? PAX Gold can be bought, sold and redeemed through the Paxos platform as well as through selected exchanges. Currently, PAX Gold can be bought, sold, redeemed and transferred on the Paxos platform and on selected exchanges, such as CoinList, Gemini, Bittrex, and itBit. Summary PAX Gold (PAXG) is the product of Paxos, a New York-regulated financial institution and is a cryptoasset on the Ethereum blockchain, backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar. It provides a way to use and transfer gold without taking possession or storing physical gold, is fully regulated and offers users speedy and secure transfers. PAX Gold is used as a global store of value, as an efficient way to transfer gold, and as a hedge against traditional and crypto market volatility. It can be bought, sold, redeemed and transferred on the Paxos platform and on selected exchanges, such as CoinList, Gemini, Bittrex and itBit.