Paxos Gold

What is PAXG and how Does It Work?

PAX Gold (PAXG) is a token linked to the ownership of a physical unit of a London Good Delivery Gold Bar. This tokenization of physical gold promotes fractional ownership of physical gold bars, extending the actual concept of ownership to a broader network of people who interact with the financial system. PAXG tokens have potential validity to facilitate exchange for gold, lessening exposure to risk. To interact with PAX Gold, users can make use of tools available on Flooz.xyz. Paxos Trust Company operates as the custodian service provider, reinforcing the interconnected network in which PAXG exists. The versatility of PAXG allows its holders to move between the conventional and digital asset spaces, offering a fluid way to engage with gold and token holdings. Transactions using this token bypass the requirement for intermediaries and lessen counterparty risk. The worth of PAXG aligns with the real-time market value of physical gold. The utilization of the Ethereum blockchain and smart contract capabilities provides another facet to this token, lending towards an interactive and auditable environment for interaction with physical gold. This mechanism offers an alternative method to gain price exposure to gold without the strictures of traditional ownership.

The Vision and Mission Behind PAXG

PAXG, or PAX Gold, is a tokenized physical gold. Each PAXG token corresponds with an equivalent amount of gold. Paxos, the entity operating the platform, has the objective of making gold more accessible and usable for you. To aid a sense of clarity, audits and inspections of the vaults occur monthly and are available for public review. PAXG tokens are part of the ERC-20 token group, which means they can be used on any platform that supports Ethereum-based tokens. It means you can use these tokens on the Ethereum blockchain for various purposes with the opportunity to observe gold price fluctuations in real-time.

How to Buy and Store PAXG?

To purchase PAXG, Flooz.xyz offers a streamlined process that allows traders to buy this token with ease. Flooz.xyz provides a one-stop solution for buying PAXG, offering a smooth checkout experience without the need to own a wallet. With all payment methods supported, it's as simple as tap, tap, go! But that's not all, Flooz.xyz also features a self-custodial web wallet, ensuring seamless PAXG transactions. You can store, send, and receive PAXG tokens directly on Flooz.xyz using your email, Google, or Apple ID in just a few seconds. This smooth and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. Not only that, but by using Flooz.xyz, you have full control and access to your funds at all times, thanks to the power of cryptography. Moreover, Flooz.xyz aggregates more than 50+ providers to ensure you have access to the fastest and cheapest payment routes for your PAXG trades. Start trading PAXG with ease on Flooz.xyz today!

PAXG Metrics:

• Current price: $2,540.1574

• Market cap: $502.89 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $594.78 k