PAX Gold (PAXG) Project Analysis
1、Institute Short Commentary
Recent geopolitical tensions, the international political situation is volatile and unstable, all kinds of sanctions are frequent, market uncertainty has increased sharply, leading to a sharp decline in risk assets in the global market. Gold, as a deeply popular investment and financial product that preserves value, has attracted many investors. PAXG, as a digital gold token approved and regulated by the New York Monetary Authority, has naturally been highly sought after by the market, and the volume of transactions has increased significantly in recent days. The current price of PAXG against London gold is already close to $2,000, just one step away from a new record high. In today's epidemic, inflation and hot war outbreak, as the most stable investment in the chaotic times, gold is expected to open a wave of big market.
2.The recent outbreak point
The international situation is volatile, risk aversion is rising sharply, and gold price is approaching the highest point in history.
PAXG is a token with 1 troy ounce of London standard delivery gold bars in the Brink vault as a reserve. It is approved and regulated by NYDFS (New York Department of Financial Services) and is physically secured by reserve gold held in the top-secured Brink Vault. PAXG is currently the only digital gold token redeemable for standard delivery gold bars approved by the London Bullion Market Association, and can be easily exchanged or redeemed and redeemed for gold by users through the Paxos platform. At any time, PAXG holders can view their vault gold serial number, value and physical gold characteristics by simply entering their Ether wallet address on the PAXG inquiry tool (https://paxos.com/paxgold).
4、The role of tokens
Anchored with the international market London gold price
Paxg is a stable coin project against the price of gold, recognized by the USMA, and is the only digital token that can be exchanged for standard delivery gold bars. Influenced by the war between Russia and Ukraine, the current gold volume has increased significantly and the price is already approaching a new historical high. If there is an economic crisis similar to the one in 08, the main uptrend wave may start here (after the subprime crisis in 08, gold started a three-year-long bull market, with prices soaring from 700 to 1,900).
Token name: PAXG
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