How are on-chain gold tokens backed by real gold? Don't worry, here's the explainer:
PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery bar.
The difference between holding a gold token and physical gold is that tokens can be transferred 24/7 and held in small amounts—but you also have to trust the issuer.
I wish I’d understood this back then. The money I spent learning the hard way could’ve bought me bubble tea for months.
$PAXG 4002.8（-0.94%）
PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery bar.
The difference between holding a gold token and physical gold is that tokens can be transferred 24/7 and held in small amounts—but you also have to trust the issuer.
I wish I’d understood this back then. The money I spent learning the hard way could’ve bought me bubble tea for months.
$PAXG 4002.8（-0.94%）