$PAXG PAXG Coin, full name Pax Gold (PAXG), is a digital asset or cryptocurrency whose value is linked to the price of an ounce of 400 ounces of London Good Delivery gold bars. Here are some key information about PAXG Coin:

• Support and Reserves: Each PAXG token is backed by physical gold in reserves, owning the token represents ownership of the underlying gold, which is held by Paxos Trust Company.

• Blockchain Technology: PAXG is an ERC-20 token built on the Ethereum blockchain, allowing users to own and trade gold in small fractional amounts while enjoying high liquidity and security provided by blockchain technology.

• Regulation and Compliance: PAXG is a gold-backed token regulated by the New York State Department of Financial Services (NYSDFS), which is also the government agency regulating Paxos.

• Trading and Liquidity: As an ERC-20 token on the Ethereum blockchain, PAXG can easily be moved or traded 24/7 anywhere in the world. With a low minimum investment, anyone can now own a small portion of LBMA-recognized London Good Delivery gold bars.

• Redeemability: Pax Gold is the only gold token that can be redeemed for LBMA-recognized Good Delivery gold bars. For added convenience, smaller amounts can be redeemed through a network of physical gold retailers. Institutional clients can also redeem unallocated local London gold. Paxos clients can always redeem for USD at the current gold market price.

• Founder Background: The founder of Pax Gold is Charles Cascarilla, who has extensive experience in the financial services industry and previously worked at Goldman Sachs as a portfolio manager. Cascarilla is also a co-founder of Paxos, the blockchain infrastructure platform that supports Pax Gold.

• Security: The PAXG protocol is fully created on the Ethereum blockchain and ensures security through a proof-of-work (PoW) model. However, PAXG is not entirely bound to Ethereum and can be launched on other blockchains.

• Purchase Channels: Pax Gold is an ERC-20 token, which means it can be purchased on many established exchanges and stored in various cryptocurrency wallets. Some popular recommended exchanges for trading Pax Gold include Binance, BitZ, and Kraken.