PAXG is an ERC-20, gold-backed cryptocurrency, tradeable through the Ethereum blockchain, making it a valuable investment for traders who wants to start investing in gold. The main goal behind Pax Gold is to make gold more tradable, as the physical asset is not easily accessible to everyone.
This is why Paxos Standard decided to create a cryptocurrency entirely backed by gold. Following the official whitepaper, Pax Gold was created to…
