What backs on-chain gold tokens with physical gold?
1 troy ounce is approximately 31.1 grams, and international gold prices are usually quoted per troy ounce.
An on-chain ledger can only prove who owns a token. Whether the vault holds enough gold bars depends on audit reports and the issuer’s compliance and credibility.
$PAXG corresponds to one troy ounce of physical gold held in a London vault.
Don’t follow the crowd just because everyone else is buying.
#PAXG
1 troy ounce is approximately 31.1 grams, and international gold prices are usually quoted per troy ounce.
An on-chain ledger can only prove who owns a token. Whether the vault holds enough gold bars depends on audit reports and the issuer’s compliance and credibility.
$PAXG corresponds to one troy ounce of physical gold held in a London vault.
Don’t follow the crowd just because everyone else is buying.
#PAXG
