PAXGold is a regulated gold-backed token that offers the holder the option to exchange digital currency for physical bullion.

Allowing investors to buy small amounts of gold indefinitely through cryptocurrencies effectively eliminates the minimum purchase limit for commodities.

There is no investment-grade physical gold product that is easy to own and trade. Buyers can own large quantities of named, investment-grade physical gold - but it is expensive to store and difficult to divide and move, making it difficult to trade or use. Alternatively, investors can trade bulk volumes of bearer gold, gold exchange-traded funds or gold futures -- all derivatives or securities that have no legal ownership of the underlying gold anchored. The products traded are simply composite gold values. In other words, gold investors (or any commodity investors) acquire gold liquidity or fungibility in exchange for giving up ownership of physical gold.

Paxos tokenizes this gold and moves it onto the blockchain, making this most valuable and secure gold available to anyone. PAX Gold has solved a fundamental problem in the Gold market and democratised premium Gold.

PAXG can be exchanged for physical gold.

Ethash is currently a consensus engine for Ethereum based on POW proof of work. Its predecessor is the Dagger Hashimoto algorithm.

1. Highly accessible: As an ERC-20 token on the Ethereum blockchain, PAXG can easily move or trade anywhere in the world throughout the day. Because of the low minimum investment, anyone can now own a small proportion of lBMA-approved gold bars eligible for delivery in London. 2. Trust: Paxos is a trust and trustee regulated by the New York State Department of Financial Services. PAXG is also approved and regulated by the DFS and is fully backed by allotment gold held in the world's safest and leading vaults. Nationally ranked auditors will certify the matching supply of PAXG tokens and base gold. 3. Redeemable: PAX Gold is the only Gold token that can be exchanged for LBMA approved eligible delivery Gold bars. For convenience, smaller amounts can be exchanged through a network of physical gold retailers. Institutional clients can also exchange unallocated local London gold. Paxos customers can always exchange for dollars at current gold market prices. 4. Flexible: Easily convert or exchange PAXG into legal, physical or unallocated gold through Paxos platform. PAXG is traded with other digital assets on popular cryptocurrency exchanges. Use PAXG anywhere erC-20 tokens are supported. 5. Low fees: PAX Gold's low fees make it a more attractive investment vehicle than other Gold products. There are no storage charges, only creation and destruction charges linked by quota. For on-chain transactions (transferred via Ethereum), Paxos charges only a low transaction fee (0.02%) and the usual Ethereum consumption fee (typically a few cents).

1. Use the BetaDelegatedTransfer function, which allows the named party to pay the attrition fee for the on-chain transaction. The code implemented is the IP-865 variant. Public function betaDelegatedTransfer and betaDelegatedTransferBatch allowed under the condition of the end user to provide the signed message, approved by the designated party transfer PAX Gold on behalf of the end user. Because IP-865 has not yet been finalized, all approaches related to delegate transfer are prefixed with Beta. Because of potential attacks related to signed messages, only approved designated parties can transfer PAX Gold on behalf of users. To mitigate some attacks, IP-712 was implemented, which provides a structured message that can be displayed for verification when signing.

With a total PAXG circulation of 185,976, Paxos creates and destroys PAXG tokens on demand. Paxos account holders can exchange PAXG for US dollars or bearer gold in an bearer gold Account delivered in London and vice versa. If customers hold more than 430 ounces of PAXG, they can exchange their tokens for physical gold bars.

PAX Gold tokens are issued by Paxos Trust Company and are regulated by the New York State Department of Financial Services. PAX Gold is also approved and regulated by the DFS and is fully supported by allotment Gold deposited in the world's most secure and leading vaults.

PAX Gold tokens can be pledged for rewards.

Digital Gold it avoids the problems associated with buying, holding and trading physical gold. It has even created opportunities for interest in what has been a low-yielding asset class. With Paxos Gold, the Paxos team has created a digital asset for the future. So far, Paxos has digitized just $75 million in gold, but gold is said to be a $7.3 trillion market. That leaves plenty of room for growth.

The full name of GGC is GramGold Coin, which is issued by GramGold Coin Collaboratio in Singapore. Each GGC represents 1 gram of physical gold, hoping to enable digital currency holders to enjoy the stability of value through the consensus mechanism of the essence of blockchain. PAX Gold, or PAXG, was launched by New York-based Paxos Trust in September 2019. It is currently the only regulated digital Gold product and the largest compliant digital Gold product by market capitalization.

The maintenance of PAXG tokens is entirely in the hands of Paxos. If the system fails or an audit finds that there is not enough physical gold to cover the tokens, this could cause price fluctuations.

PAXG's value derives from its ability to enable cryptocurrency investors to transfer value into assets that provide exposure to gold prices. These investors may be attracted to the idea that they can preserve value in assets they believe have long-term value, while enjoying the features of cryptocurrencies, including easy online exchange, portability and interchangeability.