{"id":4029,"date":"2022-03-05T20:06:55","date_gmt":"2022-03-05T20:06:55","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/pax-gold-whitepaper\/"},"modified":"2022-03-05T20:06:56","modified_gmt":"2022-03-05T20:06:56","slug":"pax-gold-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/pax-gold-whitepaper\/","title":{"rendered":"PAX Gold Whitepaper"},"content":{"rendered":"<div readability=\"77.700257069409\">\n<p>Historically, gold has played a significant role in the global financial system. It is scarce, chemically stable, malleable, beautiful \u2013 and universally precious. It has endured as a store of value for thousands of years and remains wildly popular today, with an average of $112.2 billion-worth of gold trades occurring daily through ETFs, derivatives and physical markets.<\/p>\n<p>Gold endures as a preferred safe-haven in crisis, is widely recommended as part of a diversified investment portfolio and continues to be the preferred asset over local currencies for billions of individuals in countries with unstable fiat tender.<\/p>\n<p>At Paxos, we are on a mission to digitize and mobilize the world\u2019s assets. We have a vision for a future where assets can move globally, 24\/7, in a frictionless economy. We see gold as being an ideal asset for our efforts as it is uniquely desirable, yet unwieldy; its market value is more than $9 trillion despite being a physically cumbersome and expensive asset to own, store and 3 move.<\/p>\n<p>In this paper, we introduce PAX Gold, a tokenized version of gold that represents real, physical gold. It gives token-holders actual gold ownership in the most secure vaults in the world along with the portability of a digital wallet. We provide some historical context to demonstrate the importance of a modern, digital approach to gold access. Finally, we present details about the infrastructure behind the product, including our structure as a regulated Trust company, the technical design of our smart contracts and other details of our operations.<\/p>\n<p>We have created the easiest way for people to affordably own, hold, trade, lend or move investment-grade, physical vaulted gold \u2013 without the worry, cost or inconvenience of physical storage and security. PAX Gold mobilizes and democratizes access to gold globally.<\/p>\n<p> <a href=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2019\/10\/PAX-Gold-Whitepaper.pdf\" class=\"pdfemb-viewer\" data-width=\"max\" data-height=\"max\" data-toolbar=\"bottom\" data-toolbar-fixed=\"on\">PAX Gold Whitepaper<br \/><\/a><\/p>\n<p><strong>Buy this token on Binance with our <a href=\"https:\/\/www.binance.com\/en\/register?ref=Z77JMMWN\">referral link<\/a> &#038; get a 10% discount on your trading fees!<\/strong><\/p>\n<p><a href=\"https:\/\/www.binance.com\/en\/register?ref=Z77JMMWN\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter size-medium wp-image-20207\" src=\"\" data-src=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-300x169.png\" alt=\"\" width=\"300\" height=\"169\" data-srcset=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-300x169.png 300w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-1024x576.png 1024w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-768x432.png 768w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-1536x864.png 1536w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance.png 1600w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Historically, gold has played a significant role in the global financial system. It is scarce, chemically stable, malleable, beautiful \u2013 and universally precious. It has endured as a store of value for thousands of years and remains wildly popular today, with an average of $112.2 billion-worth of gold trades occurring daily through ETFs, derivatives and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=4029"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4029\/revisions"}],"predecessor-version":[{"id":4031,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4029\/revisions\/4031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media\/4030"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=4029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=4029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=4029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}