Pax Gold (PAXG) is a gold-backed cryptocurrency that makes investing in gold more accessible and flexible. Each PAXG token is backed by one fine troy ounce of gold, stored in professional vault facilities like LBMA-accredited vaults in London ¹. This means that owning PAXG is essentially like owning physical gold, but with the benefits of blockchain technology, such as easier transferability and divisibility.$PAXG
*Key Features:*
- *Gold-Backed*: Each token is backed by physical gold, providing a stable store of value.
- *Low Minimum Purchase*: You can buy PAXG with a minimum purchase amount of 0.01 t oz, equivalent to around $20 ¹.
- *No Storage Fees*: Paxos doesn't charge storage fees for holding PAXG tokens ¹.
- *Instant Settlement*: PAXG transactions settle near-instantly, reducing settlement risk ¹.
*Market Performance:*
PAXG's market capitalization is around $506 million, with a circulating supply of 189,925 tokens ². Its price has increased by 1.8% over the past week and 42.5% over the past year ³. You can trade PAXG on various exchanges, including BYDFi, LATOKEN, and Azbit ³.
*Where to Buy:*
You can purchase PAXG on centralized crypto exchanges like BYDFi, LATOKEN, and Azbit ³. Before investing, make sure to research each exchange's fees, security measures, and terms.