A digital asset of the Paxos platform. Each token is backed by one ounce of London Good Delivery 400 ounce gold bullion held in Brink's vaults. If a user has PAXG, they own the physical gold in storage at the Paxos Trust Company.
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| Cryptocurrency | |
|---|---|
| Short title | PAXG |
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | 450 Lexington Avenue, Suite 3952, New York, US-NY 10163 |
| Types of support | |
| Communities | |
| Phone Support | +1-800-342-37-36To complain to the Department of Financial Services |
| Languages | English, Chinese |
| Founder | Charles Cascarilla, Rich Theo |
| Company owner | Paxos Trust Company, LLC |
| Manager | Charles Cascarilla |
| Features of cryptocurrency | A digital asset backed by one ounce of gold bullion at 400 ounces from Brink's vaults |
| How many coins | 180902.125 |
| How to get | Buy on the exchange |
| Number of exchange destinations | 47 |
| Crypto exchanges | |
| Purses | |
| Transaction Control | Control is carried out by the developers within the network |
| Growth factors | ERC-20 standard, Regulated by the New York State Department of Financial Services, The only token to exchange for gold |
| Age restrictions | From 18 years |
| Additional features | Collaboration, Digital Asset Exchange, Paxos Settlement Service, Platform for post-trade automation in the marketplace, Blog, Jobs, User Guide |
| Advantages | Securing a token with gold The ability to quickly convert your tokens into gold or fiat currency (and vice versa) Licensing for partners to work in multiple countries Combining the advantages of physical and cryptographic assets Access to partial ownership of gold with a minimum of 0.01 PAXG Protection of clients' assets in case of insolvency ERC-20 token standard, which gives holders maneuverability over the Ethereum blockchain |
| Adjustable | Regulated by the NYDFS (New York State Department of Financial Services) |
| API | No |
| Source code | |
| White Paper | |
| Company requisites | Legal name: Paxos Trust Company, LLC Legal address: 140E 45th Street, Floor 16, New York, United States |
| Overall assessment | 4.7/10 |
| Date of update | May 21, 2023 |
Address
450 Lexington Avenue, Suite 3952, New York, US-NY 10163
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