PAX Gold (PAXG) Cryptocurrency
What is PAX Gold(PAXG) ?
A digital token, backed by physical gold
Pax Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
A digital token, backed by physical gold
Pax Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
Highly Accessible
Built as an ERC-20 token on the Ethereum blockchain, PAXG can easily be moved or traded anywhere in the world, 24/7. With low investment minimums, now anyone can own a fraction of an LBMA-accredited London Good Delivery gold bar.
Trusted
Paxos is a trust company and custodian, regulated by the New York State Department of Financial Services. PAXG is also approved and regulated by the DFS and fully-backed by allocated gold held in the most secure, leading vaults in the world. A nationally ranking auditor will attest to the matching supply of PAXG tokens and underlying gold every month.
Redeemable
Pax Gold is the only gold token that you can redeem for LBMA-accredited Good Delivery gold bullion bars. Institutional customers can also redeem for unallocated Loco London Gold. Paxos customers can always redeem for USD at current gold market prices.
Flexible
Easily convert or redeem PAXG for fiat, physical or unallocated gold via the Paxos platform. Trade PAXG against other digital assets on popular crypto exchanges. Use PAXG wherever ERC-20 tokens are supported.
Low Fees
Extremely competitive fee structure for creations and redemptions of PAXG tokens (0.03-1% based on volume tiers) in the Paxos wallet, low on-chain Ethereum transaction fees (0.02%) for and zero storage fees. As with other ERC-20 tokens, nominal Ethereum gas fees apply for on-chain transactions.
Why does Infinity Trading favor Algo Trading PAXG?
PAXG is backed by Gold so it has the same volatility and price as Gold. PAX Gold is not as volatile as most other cryptocurrencies and therefore has less risk of major price reduction and position liquidation. Even though PAX Gold is considered a lower risk pair to trade, there is enough volatility for our trading algorithms to work well with PAX Gold to get in and out of positions with profit while still reducing exposure time in the market.
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To learn more about PAX Gold visit their website here: https://paxos.com/paxgold/
