PAXG is an ERC-20 token, which means it operates on the Ethereum network. PAXG is a digital asset that allows investors to own investment-grade physical gold with all the benefits of the blockchain
Token Use Cases
1. Digital representation of gold.
2. Buy/sell gold.
3. Collateral
Protocol & ConsensusMechanism
Proof-of-Stake and ERC-20 token standard, built on Ethereum blockchain.
Tokenomics
PAXG's tokenomics are tied to the price of gold. Each PAXG token is backed by one troy ounce of physical gold. This means the supply of PAXG can be increased or decreased depending on the amount of physical gold that Paxos Trust Company holds in their vaults
