PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.
TEMCO is the world's first Bitcoin Smart Contract (RSK) based supply chain data platform. TEMCO connects isolated supply chain data and offers business and consumer services. On the business side, TEMCO provides a Business Intelligence Tool (BI-Tool) to help companies efficiently analyze and gain insights from data on the blockchain. On the consumer side, TEMCO is developing an application where consumers can view transparent supply chain and product data starting from the manufacturer to the final consumer. In addition, TEMCO offers a marketplace where vendors and consumers can directly transact using both fiat and TEMCO tokens.