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Pax Gold (PAXG) is an ERC-20 token where each token represents one fine troy ounce of London Good Delivery gold stored in professional vault facilities. It combines the stability and intrinsic value of physical gold with blockchain technology, allowing users to buy, sell, and transfer gold ownership instantly without the need for physical delivery or storage logistics. PAXG is unique because it offers complete transparency through regular audits and redemption rights, enabling investors to either hold the token digitally or exchange it for actual physical gold.