PAX Gold (PAXG) is a cryptocurrency that is backed by physical gold. Each PAXG token represents one fine troy ounce of gold that is stored in a secure vault. This means that PAXG provides investors with a way to invest in gold without having to physically own and store the precious metal. PAXG is also unique in that it allows for fractional ownership of gold, meaning that investors can purchase as little as 0.0001 PAXG. This makes it accessible to a wider range of investors who may not have the funds to purchase a full ounce of gold.

PAXG is built on the Ethereum blockchain, which means that it benefits from the security and transparency of the blockchain technology. Transactions on the Ethereum blockchain are immutable, meaning that they cannot be altered or deleted once they have been recorded. This provides investors with a high level of security and transparency when trading PAXG. Additionally, PAXG can be easily traded on cryptocurrency exchanges, making it a convenient way to invest in gold. Overall, PAXG provides investors with a unique and accessible way to invest in gold, while also benefiting from the security and transparency of blockchain technology.