There has been a continuous fall in the Crypto Market with the drop of some biggest cryptocurrencies which led the investors in a woe. Now for the investors, gold is the only way to avoid the volatility in the market or avoid the inflation losses.
The Paxos product with the ticker PAXG is the primary path to exposure to gold while staying within the cryptocurrency market ecosystem. Owning 1oz. worth PAXG is similar to owning a real gold bar. The token PAXG is backed by real gold.
According to PAXG, the investors can exchange their tokens with the real god bars without facing any issues. But the user must own a certain amount of tokens to be eligible for the swap.
The PAXG follows the movement of gold in the market at a ratio of 1:1 and it faces less volatility compared to other digital assets. Gold is performing much better in both the digital and traditional markets.
The token PAXG is the world’s fifth-most profitable asset amongst 75 coins and assets in the world of cryptocurrencies.