PAXG to CNY converter(PAXG/CNY: Convert pax gold to Chinese Yuan)

PAXG overview

PAX Gold (PAXG) is an encrypted asset. Each token represents one troy ounce of a 400-ounce London Good Delivery gold bar stored in Brink’s professional vaults. Any PAX Gold holder has direct ownership of the underlying physical gold, which is held in custody by Paxos Trust Company. Consequently, the value of PAX Gold is tied directly to the real-time market price of physical gold. PAX Gold customers not only own the physical gold backing their tokens, but also enjoy the speed and liquidity of a digital asset. Customers can own fractional amounts of high-quality physical gold. On the official Paxos website, customers can efficiently and quickly convert their tokens into allocated gold, unallocated gold, or fiat currency (and vice versa), thereby reducing delivery risk. PAXG holders can use their Ethereum wallet address at Paxos.com/paxgold to look up the serial number, value, and other physical characteristics of the gold backing their PAXG tokens.