PAX Gold (PAXG)

PAX Gold (PAXG)

Rank #70

$1,656.65

0.03%

0.086 BTC

PAXG
USD

MARKET CAP

$538.759M

ALL TIME HIGH

$3487.68

VOLUME 24H

$15.921M

CIRC. SUPPLY

326.424K

VOL/MCAP

3.00%

TOTAL SUPPLY

326.424K

DILUTED MCAP

$557.908M

MAX SUPPLY

--

1H USD

0.01%

24H USD

0.03%

7D USD

1.19%

30D USD

0%

60D USD

0%

90D USD

0%

Tag:

bnb-chaintokenized-goldView all

PAX Gold Price Chart

24h Change

0.03 %

PAX Gold - PAXG Profiles

What Is Pax Gold (PAXG)?

Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain , Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.

The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why Paxos Standard decided to create a cryptocurrency entirely backed by gold. According to the official whitepaper , Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.

What Makes Pax Gold Unique?

With a growing number of ERC-20 tokens available for purchase, Pax Gold stands out because it is backed by an already established commodity. One of the main goals for Pax Gold is to make investing in gold more accessible.

The official whitepaper states that “more than USD 3.5 trillion of the total gold available today is used solely for investment purposes;” however, a large portion of it is unavailable to small-time investors. This is where Pax Gold comes into play. Each PAXG token is backed by a fraction of a piece of London Good Delivery gold bar, stored in Brink’s gold vaults, which is the approved storage company by the London Bullion Market Association.

Through combining the security and liquidity offered by blockchain-based cryptocurrency, and the established name of gold as a physical commodity, Pax Gold brings a new investment opportunity to traders. PAXG has inspired other cryptocurrency developers to create gold-backed tokens as well.

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People

We found 5 people related to paxg-pax-gold, include Co-founder & CEO at Asia Rich Teo

PAX Gold Price Live Data

PAXG Price

$1,656.65

Trading Volume

$15.92 M

All Time High

$3,487.68

1hour Change

0.01%

24hours Change

0.03%

24hours Range

1.15%

24hours Low

$1,817.04

24hours High

$1,830.44

Liquidity ±2%

$28,196.36 B

Bids -2%

$2.82 M

Asks +2%

$1.61 M

Market Cap

$538.76 M

Fully Diluted Market Cap

557.91 M

Circulating Supply

326423.98

Total Supply

326423.98

Max Supply

0.00

PAX Gold Markets

See All Market
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