Tether Gold
XAUT
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Tether Gold Intro
Tether Gold (XAUT) is a gold stablecoin. Each XAUT token represents 1 ounce of gold eligible for delivery in London.
Tether Gold is A gold stablecoin launched on February 23, 2020 by TG Commodities Limited Paul Adoino, Tether's Chief Technology Officer, said in an interview, "Those who own Tether Gold are looking for the inherent benefits of gold as a store of value , as well as other desirable features from tokenization."
Each XAUt represents ownership of one troy ounce of physical gold on a specific gold bar. Therefore, the holder will receive indivisible ownership of the gold on the specified gold bar. The gold allocated is identifiable by a unique serial number, purity and weight. XAUt holders can always inquire about the details of the gold bar related to their address through the Look-up website. XAUt can be used as an ERC-20 token on the Ethereum blockchain. Tokens can be easily traded or moved anytime, anywhere. Holders of XAUt can make a redemption request in the form of physical gold, as long as the holder has completed the verification process of TG Commodities Ltd and holds the required minimum amount of XAUt.
Above are only for introduction, not intended as investment advice.
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Q&A about Tether Gold Tokenomics
Explore the tokenomics of PAX Gold (PAXG) and review the project details below.
What is the allocation for PAX Gold (PAXG)?
PAXG does not have an initial allocation.
What is the supply schedule for PAX Gold (PAXG)?
Pax Gold (PAXG) is a gold-backed cryptocurrency. When users purchase PAXG from Paxos, the company will deposit the corresponding amount of physical gold in its vault, and then issue the corresponding amount of PAXG on the blockchain. On the other hand, when users want to exchange PAXG for physical gold, they can send PAXG to Paxos Company. The company will withdraw the corresponding amount of physical gold from its vault for the user, and then destroy/burn the corresponding amount of PAXG.
Now the Circulating Supply of PAXG means the difference between PAXG mint and burn, you can find the latest amount on https://www.paxos.com/paxgold/#transparency
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