PAX Gold (PAXG)

PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk.

Description from CoinGecko.

Coin details

Name

PAX Gold

Symbol

PAXG

Market cap rank

#50

Category

Tokenized Assets, Tokenized Gold, Ethereum Ecosystem

Runs on

Ethereum

Circulating supply

447,688 PAXG

Max supply

No fixed cap

Price in INR

₹362,524.34

Tax in India

30% on gains + 1% TDS on sale

Contract (Ethereum)

0x458048…cbaf78

Website

paxg.com

Whitepaper

paxos.com/pax-gold

Explorer

etherscan.io/token/0x45804880de22913dafe09f4980848ece6ecbaf78

X (Twitter)

x.com/Paxos

GitHub

github.com/paxosglobal/paxos-gold-contract