📊 Blockchain Industry｜Gold Tokens
· Definition: PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold held in a London Good Delivery gold bar.
· How to understand it: The difference between holding gold tokens and physical gold is that tokens can be transferred around the clock and held in very small amounts, but they add an extra layer of trust in the issuer.
· Practical note: Gold tokens generally track the price of gold, which can fluctuate significantly. Don’t treat gold tokens as stablecoins.
$PAXG 3884.26（-1.39%）
· Definition: PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold held in a London Good Delivery gold bar.
· How to understand it: The difference between holding gold tokens and physical gold is that tokens can be transferred around the clock and held in very small amounts, but they add an extra layer of trust in the issuer.
· Practical note: Gold tokens generally track the price of gold, which can fluctuate significantly. Don’t treat gold tokens as stablecoins.
$PAXG 3884.26（-1.39%）