Let's talk about gold tokens.
PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery bar.
To be honest, I only figured out the following later: gold tokens generally fluctuate in price along with gold, and gold prices themselves can also go up or down. Don’t treat gold tokens as stablecoins.
$PAXG Each token corresponds to one troy ounce of physical gold held in a London vault. Current price: 4150.4.
Try to invest only money you can afford to lose.
#PAXG
PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery bar.
To be honest, I only figured out the following later: gold tokens generally fluctuate in price along with gold, and gold prices themselves can also go up or down. Don’t treat gold tokens as stablecoins.
$PAXG Each token corresponds to one troy ounce of physical gold held in a London vault. Current price: 4150.4.
Try to invest only money you can afford to lose.
#PAXG