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Zug is a city in Switzerland. SEBA Bank has drawn up plans to issue a form of gold token with its partners Argor-Heraeus and aXedras. This will be backed by gold that has been responsibly sourced. SEBA Bank hopes to set a new standard in the stablecoin industry with this.
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PAXG is an Ethereum-based ERC-20 token that can be transferred and exchanged anywhere in the world at any time. Anyone can now own a fraction of an LBMA-accredited London Good Delivery gold bar with low investment minimums.
The total supply of PAXG is represented by a 1:1 ratio of gold – one fine troy ounce of gold equals one PAXG token. As the market capitalization of PAXG rises and falls, the total supply of gold representing PAXG fluctuates.
When a customer buys allocated gold bars, they get ownership rights to individual gold bars that are held in a vault on their behalf by a precious metal dealer. Each bar of allocated gold is identified by a specific serial number, purity, and weighting. When a consumer trades for unallocated gold, they don’t really own any gold bars; instead, they have a general right to a certain amount of gold that an entity agrees to produce. This is fictitious gold that is a liability of the institution against which one has a lawsuit. Customers do not own individual notes, but rather have a credit that can be paid out upon request, similar to how a conventional bank works.

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Players who buy these tokens for gold can use them to add 30 days of game time to their WoW subscription or money to their Balance in some regions. Balance is a virtual gift card that can be used to buy other Blizzard Entertainment games and services.
No, simply log into the game and purchase the WoW Token from the character selection screen. To buy a Token from the player select screen, a character must have gold in their inventory. This purchase would not be affected by the presence of gold in the mailbox.
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When visiting the in-game Auction House, press the Game Time tab to buy a WoW Token for game time. Your WoW Token will be mailed to you once you press the Buyout button and confirm your order.
If your game time has expired and you are unable to access your characters, use the Reactivate Now button on the character select screen to buy and consume a WoW Token. Although each character on a realm will contribute gold to the Token’s price, you can receive an error if this will result in any character’s gold being zeroed out. Due to the frequent fluctuation of token rates, you must log into the game to buy the token if you only have enough gold to do so.

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