What is the PAXG token?
What is the PAXG token?
PAXG (Paxos Gold) is an ERC-20 digital token fully backed by physical gold: each token represents 1 troy ounce of gold (~31.1 g) stored in Brink’s vaults in London. Its price is pegged to the market value of gold, and all transactions are public and verifiable on the Ethereum blockchain. The token is easy to store, transfer, and use in DeFi, while representing a real-world asset. PAXG is issued by Paxos, a regulated US-based company.
What is Brink’s and what does the company do?
What is Brink’s and what does the company do?
Brink’s, founded in 1859 in the US, is one of the largest and oldest international companies specializing in the storage and transportation of valuables. The company provides secure storage for gold, silver, other precious metals, cash, securities, and artifacts for banks, corporations, and government institutions worldwide.
Why are Brink’s vaults considered highly secure?
Why are Brink’s vaults considered highly secure?
Brink’s vaults are built to the highest security standards and designed for holding large volumes of valuables. Their protection relies on multi-layered physical security, advanced monitoring systems, and strict access control protocols.
What is the significance of storing PAXG in Brink’s vaults?
What is the significance of storing PAXG in Brink’s vaults?
When an investor buys PAXG, they acquire a share of physical gold stored in Brink’s vaults in London. This ensures a high level of trust and transparency since every PAXG token is backed by a real asset secured by one of the world’s most reputable companies.
What guarantee does Paxos provide when issuing the PAXG token?
What guarantee does Paxos provide when issuing the PAXG token?
As the issuer of PAXG, Paxos guarantees that each token is fully backed by one troy ounce of physical gold (~31.1 grams) stored in Brink’s vaults. This ensures that the digital asset has real backing and its reserves can be verified.
How much gold backs each PAXG token?
How much gold backs each PAXG token?
Each PAXG token is backed by one troy ounce of gold, approximately 31.1 grams.
Why does using Brink’s increase trust in the PAXG token?
Why does using Brink’s increase trust in the PAXG token?
Storing PAXG in Brink’s vaults guarantees that it is backed by real physical gold, not a virtual asset. The company’s reputation and strict security standards enhance investor confidence in the token and in the transparency of PAXG reward distributions.
Is PAXG backed by virtual or real gold?
Is PAXG backed by virtual or real gold?
PAXG is fully backed by real physical gold stored in Brink’s vaults — it is not a virtual or synthetic asset.
How can one verify that PAXG tokens are backed by physical gold?
How can one verify that PAXG tokens are backed by physical gold?
All PAXG transactions are public on the Ethereum blockchain. Informations on vault holdings and token backing is confirmed by Paxos and secured in Brink’s vaults.
Can tokens be exchanged for physical gold?
Can tokens be exchanged for physical gold?
No, AYNI tokens cannot be directly exchanged for physical gold. Investors receive their rewards in PAXG — a digital token 100% backed by physical gold stored in Brink’s vaults. PAXG can then be redeemed for physical gold through Paxos’ official channels.
Why is a QP (Qualified Person) needed?
Why is a QP (Qualified Person) needed?
For independent verification of data, increasing trust among investors and exchanges.
Who is a Qualified Person (QP)?
Who is a Qualified Person (QP)?
An expert with education and at least 5 years of experience, authorized to sign technical reports under the NI 43-101 standard.
What are the advantages of using PAXG as a stable cryptocurrency within the Ayni ecosystem?
What are the advantages of using PAXG as a stable cryptocurrency within the Ayni ecosystem?
PAXG is fully backed by physical gold, providing stable value and protection against crypto market volatility. It allows users to earn rewards in a digital asset tied to real gold, verify transactions on the blockchain, and easily store, transfer, and use it in DeFi. This ensures liquidity, transparency, and stable returns for participants in the Ayni ecosystem.