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PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.
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.
PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product.
PAX Gold Coin Price & Market Data. PAX Gold price today is $1,894.17 with a 24-hour trading volume of $15,601,641. PAXG price is down -0.3% in the last 24 hours. It has a circulating supply of 150 Thousand PAXG coins and a max supply of 145 Thousand. If you are looking to buy or sell PAX Gold, Binance is currently the most active exchange.
PAX Gold (PAXG) is currently ranked as the #342 cryptocurrency by market cap. Today it reached a high of $1945.60, and now sits at $1894.72. PAX Gold (PAXG) price is down 0.470000% in the last 24 hours. PAX Gold's maximum supply is 2,410. 1157.51% of this supply is already in circulation.
PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company.
PAX Gold is an ERC-20 token on the Ethereum blockchain, which makes it easy to integrate the token with existing exchanges and blockchain platforms. The origins of PAX Gold. Charles Cascarilla, the CEO and co-founder of Paxos, wanted to create a gold-backed digital asset because owning physical gold is an outdated investment. He stated that ...
Stablecoin issuer PAXOS recently introduced its first gold-backed cryptocurrency PAX Gold. In a press release published in September, the financial operator claimed that it’s “the first crypto-asset redeemable for physical gold.” According to the report, it is also the first regulated digital gold
PAX Gold Price Analysis. Soon Pax Gold will complete its 1 st year coming October 2020 in cryptocurrency world. Unlike other altcoins PAXG has very high value starting from its ICO days. Value of 1 Pax Gold was around $1500 USD from day 1. Although there is a slow growth in price of PAXG, but it is steady.
PAX Gold (PAXG) is a gold-backed, ERC-20 based crypto asset issued by Paxos company. Being ERC-20 based means that PAX Gold can be integrated into any service, exchange and wallet that adapts the Ethereum protocol. Each PAX Gold token is backed by one ounce of 400 ounce London Good Delivery gold bars stored in Brink’s vaults.