How do I know PaXG is fully backed by physical gold?

The ratio of one troy ounce of gold, which equates to approximately 31 grams, to one PAXG token is a testament to the token's commitment to transparency and stability. This ratio ensures that every PAXG token is backed by a tangible and valuable asset.

The gold bars used to collateralize PAXG adhere to the London Good Delivery standard, a highly respected benchmark for gold quality and purity. This compliance underscores the token's commitment to using only the finest gold for its backing.

By leveraging physical gold as its sole collateral, PAXG offers investors a level of security and stability that is not often found in the digital asset space. This feature makes PAXG an attractive option for those looking to diversify their portfolios with a tangible and valuable asset.

The PAXG token is unique in its backing, as it does not rely on any unallocated gold. Instead, it is fully collateralized by physical gold, ensuring a strong and secure foundation for the digital asset.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts and investors. Among these services is support for PAXG, allowing users to buy, sell, and trade the token with ease.