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?
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.