Bitcoin Forum

I saw pax Gold and my only question is, is it safe for obviously a very small sum of people to control the vast majority of the supply. ( in comparison to bitcoin) . obviously for just 24,700 in circulation it probably only takes a couple of BTC to monopolise the whole supply. Has anyone invested or knows more about how this coin works?

I do not really know much about pax gold but it sounds like a stable coin.
having a small circulating supply is safe for investors, but who controls the other supplies? Are they team members? Crew? Or  private seed investors?

An answer to these questions will give a general review of what can be expected from the token

From the name of coin and i can assume if that was a coin based gold. That means any coin that issued by the developer must have backed by the real gold. It's not a big problem whether this coin has a small supply. If some people control the majority of supply and how they get it. What you need to visit the site of paxgold.

Every PAX Gold token is backed by an ounce of allocated gold, can't be compared to other coins, this is the oy coin I trust presently that's really been backed by gold, limited supply means higher value in future, go to paxos.com for more information