Erik Voorhees Buys $23.76 Million in Gold-Backed Tokens XAUT and PAXG
According to blockchain analytics platform Lookonchain, the purchases were made through 28 new wallets via Cow Protocol (decentralized trading protocol) from Jan. 31 at an average price of $4,896.
PAXG
XAUT
Summary
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Terms & Concepts
XAUT: A gold-backed token designed to track the value of physical gold on blockchain networks.
PAXG: A tokenized gold asset that represents ownership of physical gold and trades on blockchain infrastructure.
Cow Protocol (decentralized trading protocol): A blockchain-based trading system that routes and matches orders to help users execute token swaps efficiently.