PAXG (PAXG) is a cryptocurrency token backed by gold, issued by Paxos Trust Company. Here are some key points about PAXG:$PAXG

Key Features:

1. _Gold-Backed_: PAXG is backed by physical gold, stored in secure vaults.

2. _1:1 Ratio_: 1 PAXG token represents 1 fine troy ounce of gold.

3. _Regulated_: Paxos is a regulated financial institution, providing a high level of security and trust.

Use Cases:

1. _Gold Investment_: PAXG allows investors to buy, hold, and sell gold in a digital format.

2. _Hedging_: PAXG can be used as a hedge against inflation, market volatility, or geopolitical uncertainty.

3. _Decentralized Finance (DeFi)_: PAXG can be used in DeFi applications, such as lending, borrowing, and yield farming.

Availability:

PAXG is listed on various cryptocurrency exchanges, including Paxos, Binance, and Uniswap.

Tokenomics:

- Total Supply: varies (as it's backed by physical gold)

- Circulating Supply: around 200,000 PAXG tokens (approximate value of 200,000 oz of gold)

Paxos aims to provide a secure, regulated, and transparent way to invest in gold through PAXG.

Note: Please keep in mind that the information provided is based on my training data, and the project's details may have changed since then. Always do your own research and verify the information through official channels before making any investment decisions.