PAX Gold (PAXG) is a gold-backed cryptocurrency token released by the Paxos company.

Key Facts about PAXG:

Backed by Real Gold: Behind every 1 PAXG token, 1 fine troy ounce (real gold) is securely kept in London vaults.

Gold Price Movement: Its price moves up and down exactly with the rate of real physical gold (gold).$PAXG #

Ethereum Blockchain: This is an ERC-20 token that runs on the Ethereum network.$PAXG

Trading & Transport: Compared to buying, holding, or selling real gold, PAXG can be instantly traded or transferred on crypto exchanges (such as Binance, KuCoin).$PAXG
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