Cryptocurrency Q&A
Is there a gold token?
Is there a gold token?
Ilaria
Fri Nov 08 2024
|
5 answers
1342
I'm wondering if there exists a gold token. I'm looking for information on whether such a token, possibly representing value or access, is available or recognized in a particular context or system.
5 answers
Silvia
Sun Nov 10 2024
This tokenized gold token represents a fraction or whole of a fine troy ounce of gold.
Was this helpful?
291
81
Martina
Sun Nov 10 2024
Pax Gold, a product offered by Paxos, introduces a unique digital asset known as PAXG.
Was this helpful?
353
25
Margherita
Sat Nov 09 2024
The gold backing PAXG is securely stored in LBMA-approved vaults located in London.
Was this helpful?
229
53
Ilaria
Sat Nov 09 2024
Holders of PAXG are entitled to redeem their tokens for the equivalent amount of physical gold.
Was this helpful?
288
30
CherryBlossomGrace
Sat Nov 09 2024
By owning PAXG, individuals gain ownership rights to the underlying physical gold, providing a digital alternative to traditional gold investments.
Was this helpful?
181
30
