PAXG.atom represents Pax Gold (PAXG) bridged from the Eureka (ATOM ecosystem) to Terra (phoenix-1) via the Inter-Blockchain Communication (IBC) protocol. Each PAXG.atom token corresponds to the value of one fine troy ounce of physical gold, just like the original ERC-20 PAXG. This integration allows Terra users to access a stable, gold-backed asset within the Cosmos ecosystem. The token is designed for DeFi use on Terra, supporting decentralized trading, liquidity provision, and cross-chain settlement without relying on custodial bridges.