{"id":20583,"date":"2022-11-18T12:26:44","date_gmt":"2022-11-18T12:26:44","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=20583"},"modified":"2022-11-18T12:26:45","modified_gmt":"2022-11-18T12:26:45","slug":"what-is-pax-gold","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold","title":{"rendered":"What is PAX Gold?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#What_is_PAX_PAXG\" title=\"What is PAX (PAXG)?\">What is PAX (PAXG)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#How_Does_Pax_Gold_Work\" title=\"How Does Pax Gold Work?\">How Does Pax Gold Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#What_is_PAX_Gold_Future\" title=\"What is PAX Gold Future?\">What is PAX Gold Future?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#How_Do_You_Invest_in_PAX_Gold\" title=\"How Do You Invest in PAX Gold?\">How Do You Invest in PAX Gold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#Final_Thoughts\" title=\"Final Thoughts\">Final Thoughts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#FAQ\" title=\"FAQ\">FAQ<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#Who_Founded_Paxos\" title=\"Who Founded Paxos?\">Who Founded Paxos?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#Is_Paxos_Gold_a_Stablecoin\" title=\"Is Paxos Gold a Stablecoin?\">Is Paxos Gold a Stablecoin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#Is_PAX_Gold_Real_Gold\" title=\"Is PAX Gold Real Gold?\">Is PAX Gold Real Gold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pax-gold\/#Is_Pax_Gold_Safe\" title=\"Is Pax Gold Safe?\">Is Pax Gold Safe?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>The advancement of technology in recent years has brought about new investment options such as crypto tokens and NFTs. These digital assets can provide massive benefits to their owners even beyond investments, but traditional commodities like gold continue to be a larger market. This leads investors to choose between crypto and gold. PAX Gold aims to alleviate these concerns from investors and give them the best of both worlds.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_PAX_PAXG\"><\/span>What is PAX (PAXG)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PAX Gold is an ERC-20 token backed by physical reserves of gold. Every PAXG token is matched by deposits of one troy ounce of a 400-ounce London Good Delivery gold bar. These are maintained in secure vaults like Brink\u2019s in London. The deposits are under the custody of Paxos Trust Company, a private company based in New York.&nbsp;<\/p>\n\n\n\n<p>Converting gold into crypto reduces the burden on investors. They no longer have to worry about factors such as storage, security and transportation, which can get increasingly complicated the more gold you own.&nbsp;<\/p>\n\n\n\n<p>Additionally, PAX offers the opportunity for fractional ownership. Retail investors who cannot afford to invest in entire bars of gold can now access this avenue of investment. PAX Gold combines the stability and longevity of gold with the logistical and security benefits of crypto tokens.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Does_Pax_Gold_Work\"><\/span>How Does Pax Gold Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"384\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/11\/How-Does-Pax-Gold-Work-1024x384.jpg\" alt=\"How Does Pax Gold Work?\" class=\"wp-image-20579\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/11\/How-Does-Pax-Gold-Work-1024x384.jpg 1024w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/11\/How-Does-Pax-Gold-Work-300x113.jpg 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/11\/How-Does-Pax-Gold-Work-768x288.jpg 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/11\/How-Does-Pax-Gold-Work-150x56.jpg 150w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/11\/How-Does-Pax-Gold-Work.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>PAXG is an ERC-20 token on the Ethereum blockchain. It is thus compatible with Ethereum wallets and can easily be traded on crypto exchanges. It can also be used on <a href=\"https:\/\/zebpay.com\/in\/blog\/everything-you-need-to-know-about-dapps\" target=\"_blank\" rel=\"noreferrer noopener\">dApps<\/a> and DeFi platforms that support it.&nbsp;<\/p>\n\n\n\n<p>Unlike storing real bars of gold, PAXG does not involve any storage or custodial fees. It only charges a 0.02% transaction fee, along with Ethereum gas fees. This is much more manageable for individuals who do not want the hassle of all the overheads associated with gold ownership.&nbsp;<\/p>\n\n\n\n<p>Finally, the system is also designed to protect the user. Paxos Trust Company undergoes monthly audits by third-party auditing firms to ensure its gold reserves match the number of tokens issued.&nbsp;<\/p>\n\n\n\n<p>This is combined with regular \u201c<a href=\"https:\/\/zebpay.com\/in\/blog\/smart-contracts-on-the-blockchain\" target=\"_blank\" rel=\"noreferrer noopener\">smart contract<\/a> audits\u201d to ensure the network does not have any vulnerabilities. In addition, consumer and company assets are protected separately. This ensures that your assets are secure even if the company declares bankruptcy.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_PAX_Gold_Future\"><\/span>What is PAX Gold Future?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An agreement between two parties to buy or sell an asset at a specified price in the future is known as a futures contract. Just like futures in traditional trading, PAXG futures contracts allow investors to trade futures contracts through digital assets.&nbsp;<\/p>\n\n\n\n<p>The price of PAXG is pegged to the spot price of gold, as mentioned above. Adding more sophisticated instruments indicates maturity in the crypto market.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Do_You_Invest_in_PAX_Gold\"><\/span>How Do You Invest in PAX Gold?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can invest in PAXG just like any other crypto token. Most crypto exchanges list PAXG for purchase. Once you create an account with the exchange, you can use USD, EUR, INR or even Bitcoin and Ethereum to buy the tokens you wish.&nbsp;<\/p>\n\n\n\n<p>To transfer them to other exchanges or <a href=\"https:\/\/zebpay.com\/in\/blog\/an-introduction-to-defi\" target=\"_blank\" rel=\"noreferrer noopener\">Defi applications<\/a>, you must own a crypto wallet. Connecting your wallet to the exchange and withdrawing PAXG enables you to shift these holdings to another platform easily.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PAX Gold offers a unique investment avenue for crypto users. This is especially true for retail investors who previously could not afford to invest in gold. Paxos\u2019 solution simplifies the process of gold investment and removes complications such as storage and transport costs. It combines the holding power of gold with crypto\u2019s ease of use.&nbsp;<\/p>\n\n\n\n<p>You can now <a href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3De66457d38af24b91a13596bb56b3f93e%26nonce%3D10bfb24a8cef48eb82ed27d772ca45fb\" target=\"_blank\" rel=\"noreferrer noopener\">buy PAX Gold<\/a> on ZebPay. Level up your trading experience using <a href=\"https:\/\/zebpay.com\/in\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay<\/a>&#8216;s brand-new update<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQ\"><\/span>FAQ<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1668764144727\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Who_Founded_Paxos\"><\/span>Who Founded Paxos?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The Paxos Trust Company is a New York-based financial services company. It was founded in 2012 by Charles Cascarilla and Richard Teo, former analysts at Goldman Sachs and Cedar Hill Capital Partners.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1668764201121\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Is_Paxos_Gold_a_Stablecoin\"><\/span>Is Paxos Gold a Stablecoin?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, each PAX Gold token is tied to one troy ounce of a 400-ounce London Good Delivery gold bar. It is thus pegged to the value of gold, unlike other stablecoins that are pegged to fiat currencies like the US dollar.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1668764278070\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Is_PAX_Gold_Real_Gold\"><\/span>Is PAX Gold Real Gold?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>PAXG is a tokenised representation of gold held in secure reserves. Each token also includes a serial number tied to an individual gold bar. Therefore, it is a digital token equivalent to a certain value of gold.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1668764318285\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Is_Pax_Gold_Safe\"><\/span>Is Pax Gold Safe?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Owning PAX Gold is very safe for investors. There are many security measures to ensure users are not misled or lose their invested value. For example, there are monthly audits to ensure the peg to gold is maintained. Additionally, your invested value is secure even if Paxos declares bankruptcy.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The advancement of technology in recent years has brought about new investment options such as crypto tokens and NFTs. These digital assets can provide massive benefits to their owners even beyond investments, but traditional commodities like gold continue to be a larger market. This leads investors to choose between crypto and gold. PAX Gold aims [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":20592,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/20583"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=20583"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/20583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/20592"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=20583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=20583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=20583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}