Review on PAX Gold by Douglas Cachazo
PAX Gold PAXG: ERC-20 Token worth real physical gold.
Cryptographic project whose main characteristic is that its digital asset goes down the ethereum ERC-20 platform is backed by 1 ounce of physical London Good Delibery gold stored in vaults, bondholders can consult the serial number of the bar from the web platform of gold backing the PAXG coin, PAX Gold launched the project in Singapore in 2015, but is currently based in New York USA. The launch of the cryptocurrency backed in gold has the approval of the financial services department of that state, The token can be exchanged for physical gold in which case the token is destroyed. I consider it a good investment and an indirect way of saving, gold worldwide increases its value every day. The minimum purchase accepted is 0.01 ounces which equates to approximately $ 20.
Pros
- Good way to save without risks
- Token gains value every day for its gold backing
- Accepted in several major exchanges and wallets.
- It has its own Exchange paxos.
Cons
- I have no serious project against it.
