PAX Gold (PAXG) is a digital asset issued by Paxos. Each PAXG token is backed by one fine troy ounce (t oz) of a 400-ounce London Good Delivery gold bar, which is stored in Brink's vaults. PAXG holders are also owners of the corresponding physical gold, which is held in custody by Paxos Trust Company.
A user can redeem their PAXG through Paxos and receive the corresponding value that their tokens represent in USD. If a user has more than 430 PAXG, they have the option to redeem them all for physical gold bars. #BTC #PAXG #CryptoStrategy #Gold #BinanceSquare
We're free to choose when to buy, how to dollar-cost average, and in which assets to take on more or less risk. #BTC #PAXG #CryptoStrategy #Gold #BinanceSquare