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Paxos launches physical bar redeemable PAX Gold (PAXG) token

Every PAX Gold token is backed by an ounce of allocated gold

Published by CryptoNinjas.net
09/06/2019
Paxos launches physical gold redeemable PAX Gold (PAXG) token

Paxos, a blockchain asset and crypto service company, has now introduced and launched PAX Gold (PAXG), a regulated crypto-asset redeemable for physical gold.

PAXG is an asset-backed digital token, each representing one fine troy ounce of investment-grade gold; London Good Delivery gold bars stored in Brink’s vaults in London.

Customers own the underlying physical gold, while benefiting from the speed and mobility of a digital asset. As an ERC-20 token, PAX Gold can be integrated into crypto wallets, exchanges, and lending platforms.

Promotion

The first customers to buy PAX Gold are eligible to receive an exclusive 2% rebate in USD. PAX Gold will also be available on Paxos-owned itBit exchange with zero fees for the first 30 days.

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