A few things to know about gold tokens:
1) Gold tokens are a type of tokenized RWA (real-world asset). PAXG was launched in 2019.
2) PAXG holders can redeem their tokens for physical gold bars or US dollars according to the issuer’s rules. The minimum redemption amount and fees are determined by the issuer.
3) Gold tokens’ prices mainly track the price of gold, which can rise or fall. Don’t treat gold tokens as stablecoins.
$PAXG Each token represents one troy ounce of physical gold held in a London vault.
#PAXG
1) Gold tokens are a type of tokenized RWA (real-world asset). PAXG was launched in 2019.
2) PAXG holders can redeem their tokens for physical gold bars or US dollars according to the issuer’s rules. The minimum redemption amount and fees are determined by the issuer.
3) Gold tokens’ prices mainly track the price of gold, which can rise or fall. Don’t treat gold tokens as stablecoins.
$PAXG Each token represents one troy ounce of physical gold held in a London vault.
#PAXG