What is PAXG?
Pax Gold is a cryptocurrency backed by gold that operates on the Ethereum blockchain. The goal of Pax Gold is to offer exposure to physical gold within cryptocurrency markets and to make this easy and accessible to everyone. Pax Gold achieves this by offering investors the ability to purchase infinitely small amounts of gold via their cryptocurrency, thus allowing investors with smaller amounts of capital to still gain exposure to the value of physical gold. PAXG is the token of this platform and each PAXG is fractionally backed by a gold bar from the London Good Delivery, a storage approved by the London Bullion Market Association.