🧮 Blockchain Industry | Gold Tokens
· Key points: PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery gold bar.
· How it works: The on-chain ledger can only prove who owns the tokens. Whether the vault holds enough gold bars depends on attestation reports and the issuer’s compliance and creditworthiness.
· In practice: Gold token prices generally fluctuate with the price of gold, which can itself rise and fall sharply. Don’t treat gold tokens as stablecoins.
$PAXG 4031.28（-0.68%）
#PAXG
· Key points: PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery gold bar.
· How it works: The on-chain ledger can only prove who owns the tokens. Whether the vault holds enough gold bars depends on attestation reports and the issuer’s compliance and creditworthiness.
· In practice: Gold token prices generally fluctuate with the price of gold, which can itself rise and fall sharply. Don’t treat gold tokens as stablecoins.
$PAXG 4031.28（-0.68%）
#PAXG