PAX Gold

PAX Gold is a token issued on the Ethereum blockchain by Paxos Trust Company, where each whole token is designed to represent one fine troy ounce of physical gold held in professional vaults under London Good Delivery standards. It is intended for anyone who wants exposure to physical gold without the logistical difficulties of storing or transporting a metal bar, and it allows fractional ownership so holders are not required to own a full ounce. The project aims to combine the legal ownership rights of allocated gold with the speed and portability of a digital asset.

Each PAXG token is backed by a specific allocated gold bar held in custody by Paxos Trust Company, and holders can verify the serial number, weight, and physical characteristics of their associated bar by entering an Ethereum wallet address in the Paxos lookup tool. The token exists on the Ethereum network and can be transferred, traded, or used on compatible platforms without requiring the underlying gold to move. On the Paxos platform, tokens can be converted to allocated gold, unallocated gold, or fiat currency, with no separate consensus algorithm of its own since it inherits Ethereum's infrastructure.

The data stored for this asset records no protocol fee stream, which means the fee-based measures commonly found on this site are not applicable here. The economics of PAXG are tied to the market price of physical gold rather than to transaction fees or protocol revenue. Because the fully diluted value equals the market capitalization, with an fdv_to_mcap ratio of 1.0 at this point in time, and dilution overhang stands at 0.0 percent, the entire circulating supply of 432,099.279051 tokens represents the full outstanding token count with no additional supply pending.