Name: PAX Gold
SKU: PAXG
Price: 2308.988382116748 USD

<p>PAX Gold (PAXG) is a digital version of gold operating as an ERC-20 token. It is 100% backed by physical gold reserves. Reserves are held in custody by Paxos Trust Company in secure Brinks vaults in London, UK. One PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bullion bar. The company behind PAXG, Paxos was co-founded in 2012 by Charles Cascarilla, the current CEO, and Rich Teo. It is a for-profit regulated financial technology company that aims to modernize finance by building infrastructure to reduce the barriers in the movement between physical and digital assets. It was the first virtual currency company to receive a charter from the New York State Department of Financial Services. In 2018 it released its first cryptocurrency Paxos Standard (PAX), a digital asset-backed 1:1 against the dollar by a reserve of US dollars stored by Paxos in US bank accounts.</p><p>&nbsp;The company launched PAXG in 2019. PAXG provides customers with the economic security of owning gold with the accessibility, speed, and mobility of digital assets. It ultimately seeks to democratize access to gold.</p><h3>What are PAXG’s key features and how does it work?</h3><p>Any individual who holds PAXG also has ownership rights to the physical equivalent under the custody of Paxos Trust Company. PAXG holders can choose to be allocated specific real gold held in the vaults and at any time a holder can look up the serial number and physical characteristics of their gold through the Paxos platform. To continually ensure reserves are maintained, an independent auditing firm verifies transactions every month to ensure that the reserve of physical gold accurately matches the supply of PAXG tokens.</p><p>PAXG is redeemable against the gold at any time. Users can redeem the physical gold bullion bars if holding more than 430 PAXG tokens. However, users can also redeem smaller amounts of gold through a global network of smaller partner gold retailers via the Paxos platform. Users can also redeem PAXG tokens in exchange for US Dollars.</p><h3>What is noteworthy about PAXG?</h3><p>PAXG has several benefits. Notably, it offers token-holders a cheaper alternative to traditional methods of owning gold: holders benefit from their gold being stored in some of the most secure vaults in the world without the costs of storing it. In addition, traditional means of buying gold bars can require investing relatively large sums, making it accessible to a limited number of large corporations or wealthy individuals. Meanwhile, PAXG offers very low investment minimums. PAXG tokens are divisible up to 18 decimal points and the minimum purchasable amount on the Paxos platform is 0.01 PAXG, meaning many can own a fraction of a London Good Delivery gold bar. There are however transaction fees. As an ERC-20 token, PAXG transactions are subject to Ethereum gas fees and, in addition to this, Paxos charges fees for the creation and redemption of the PAXG token, however, these remain low (between 0.02-1%).</p><p>By tokenizing gold, investors interested in cryptos are offered the security of buying a digital asset tied to a proven real-world asset whose long-term value is potentially more stable than a lot of cryptocurrencies and unstable fiat tenders, thus providing economic security. It is also highly accessible, providing more individuals with access to a stable asset, significant for individuals in countries with unstable fiat tenders. PAXG also provides easy and fast exchangeability and high privacy levels.</p><h3>What can PAXG be used for?</h3><p>PAXG has multiple use cases at present. It can be traded against other cryptocurrencies on cryptocurrency exchanges. It can also be used as a reliable store of value.</p><h3>Where can you buy PAXG?</h3><p>Pax Gold is available to buy from the CEXs and DEXs as listed <a href="https://cryptorank.io/price/pax-gold/exchanges" rel="noopener noreferrer" target="_blank">here</a>. Popular options include Binance and Uniswap. Since the price of PAXG’s is pegged to the value of the physical gold it represents its price will vary depending on current gold prices. The price of PAXG will also vary depending on the exchange. For more detailed price information please refer to the price charts above.</p>

<p>PAX Gold (PAXG) is a digital version of gold operating as an ERC-20 token. It is 100% backed by physical gold reserves. Reserves are held in custody by Paxos Trust Company in secure Brinks vaults in London, UK. One PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bullion bar. The company behind PAXG, Paxos was co-founded in 2012 by Charles Cascarilla, the current CEO, and Rich Teo. It is a for-profit regulated financial technology company that aims to modernize finance by building infrastructure to reduce the barriers in the movement between physical and digital assets. It was the first virtual currency company to receive a charter from the New York State Department of Financial Services. In 2018 it released its first cryptocurrency Paxos Standard (PAX), a digital asset-backed 1:1 against the dollar by a reserve of US dollars stored by Paxos in US bank accounts.</p><p>&nbsp;The company launched PAXG in 2019. PAXG provides customers with the economic security of owning gold with the accessibility, speed, and mobility of digital assets. It ultimately seeks to democratize access to gold.</p><h3>What are PAXG’s key features and how does it work?</h3><p>Any individual who holds PAXG also has ownership rights to the physical equivalent under the custody of Paxos Trust Company. PAXG holders can choose to be allocated specific real gold held in the vaults and at any time a holder can look up the serial number and physical characteristics of their gold through the Paxos platform. To continually ensure reserves are maintained, an independent auditing firm verifies transactions every month to ensure that the reserve of physical gold accurately matches the supply of PAXG tokens.</p><p>PAXG is redeemable against the gold at any time. Users can redeem the physical gold bullion bars if holding more than 430 PAXG tokens. However, users can also redeem smaller amounts of gold through a global network of smaller partner gold retailers via the Paxos platform. Users can also redeem PAXG tokens in exchange for US Dollars.</p><h3>What is noteworthy about PAXG?</h3><p>PAXG has several benefits. Notably, it offers token-holders a cheaper alternative to traditional methods of owning gold: holders benefit from their gold being stored in some of the most secure vaults in the world without the costs of storing it. In addition, traditional means of buying gold bars can require investing relatively large sums, making it accessible to a limited number of large corporations or wealthy individuals. Meanwhile, PAXG offers very low investment minimums. PAXG tokens are divisible up to 18 decimal points and the minimum purchasable amount on the Paxos platform is 0.01 PAXG, meaning many can own a fraction of a London Good Delivery gold bar. There are however transaction fees. As an ERC-20 token, PAXG transactions are subject to Ethereum gas fees and, in addition to this, Paxos charges fees for the creation and redemption of the PAXG token, however, these remain low (between 0.02-1%).</p><p>By tokenizing gold, investors interested in cryptos are offered the security of buying a digital asset tied to a proven real-world asset whose long-term value is potentially more stable than a lot of cryptocurrencies and unstable fiat tenders, thus providing economic security. It is also highly accessible, providing more individuals with access to a stable asset, significant for individuals in countries with unstable fiat tenders. PAXG also provides easy and fast exchangeability and high privacy levels.</p><h3>What can PAXG be used for?</h3><p>PAXG has multiple use cases at present. It can be traded against other cryptocurrencies on cryptocurrency exchanges. It can also be used as a reliable store of value.</p><h3>Where can you buy PAXG?</h3><p>Pax Gold is available to buy from the CEXs and DEXs as listed <a href="https://cryptorank.io/price/pax-gold/exchanges" rel="noopener noreferrer" target="_blank" style="color: rgb(63, 81, 181);">here</a>. Popular options include Binance and Uniswap. Since the price of PAXG’s is pegged to the value of the physical gold it represents its price will vary depending on current gold prices. The price of PAXG will also vary depending on the exchange. For more detailed price information please refer to the price charts above.</p>

PAX Gold

Stay up to date with your assets.

Stay on top of the market by creating customized alerts sent directly to your Telegram or email.

Choose your Alert type

Add New {name} Alert

Edit {name} Alert

Alert me {freq} when {trackedItem} {condition}.

price{onExchange} is >= {currency}{value1} or <= {currency}{value2} or 24h trade volume increased by {volume}%

price{onExchange} is >= {currency}{value1}

price{onExchange} is <= {currency}{value1}

price{onExchange} is >= {currency}{value1} or <= {currency}{value2}

24h trade volume{onExchange} increased on {value1}%

Please connect your account to our Telegram bot to receive notifications

New price alert added

Total raised in USD value and total number of IDO/ICO/IEOs by month

Total raised in USD value and total number of IDO/ICO/IEOs by week

Total Raise and Number of Public Sales

Monthly raise and number of token sales including private rounds

Weekly raise and number of token sales including private rounds

Fundraising Activity

Token Sale Categories by Month

Top Launchpads Ranked by Average ROI

Funds Raised on Public Rounds by Blockchain

Number of Token Sales (IDO/IEO/ICOs) by Launchpad and Category

Top 15 Launchpads Ranked by Funds Raised

Number of Public Token Sales by Type

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

~ On {finalDate} the block reward will be reduced from 6.25 Bitcoin per block to 3.125 Bitcoin per block

{name} Halving Price Prediction

{name} {type}

Funds and Backers

{value} Details

{fundingRound} {firstAnd} {value} {secondAnd} {launchpools}

To Be Announced

{name} Price $ {price}

{name} ({symbol}) Price $ {price}

{coinName} Price Today

{name} News

The {name} to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

{name} price Index provides the latest {symbol} price in US Dollars {delimiter} {btc_eth} using an average from the world's leading crypto exchanges.

supply of {name} that will ever be issued is {value} {of}

The current circulating supply of {name} is {availableSupply} {currencyType}, and the maximum supply of {symbol} is unlimited. 

Choose a convenient way to connect your EVM wallet.

Cryptocurrencies

Fiat Currencies

Tiers are assigned to funds according to the following quantitative and qualitative indicators: AUM, the weighted average of a fund’s projects’ quality (market capitalization, trading volume, ROI), fund management, media sentiment, experience, popularity, etc. The tier ranking does not in any way represent the forecasts, estimates, projections, or predictions of the Company or its management.

Score generated by TwitterScore.io based on the popularity of this account in crypto space

{exchangeName} {coinSymbol} Futures Total Open Interest & Volumes

{exchangeName} {coinSymbol} Futures Daily Market Share %

Here you can find a token or a trading pair on decentralized exchanges

DEX Exchanges by Aggregated {interval} Volumes

Due to the increasing number of fraudulent Discord servers, always double-check the authenticity of every Discord server through the project's website or other reliable sources. Do not sign suspicious transactions and do not share your private key with anyone.

It looks like the page you're looking for does not exist.

The requested page was not found

Exchanges Analytics

Share exchanges analytics

Do you have some feedback?

Use filtering to find the cryptocurrencies you need

{followersNumber} {coinName} Followers

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Early-stage startups with closed funding rounds

Projects which received investments from {name}

Total funds raised and total number of funding rounds by month

Total funds raised and total number of funding rounds by week

Crypto Fundraising Trend

Create your Preset using Filter settings.

HeatMap

Share market state

Color represents price change. Size represents market cap.

All cryptocurrencies

The Rank is calculated as TGE Number weighted average ROI. In more detail, the rank is calculated as the ratio of the average ATH and Current ROI of all TGEs conducted on the particular platform to the total number of TGEs conducted on the fundraising platform.

Only TOP 10 by ROI platforms with at least {count} IDOs conducted are shown in the report.

Where number in brackets (NUM) shows number of IDOs conducted.

Only platforms with at least {count} IEOs conducted are shown in the report. Where (NUM) - number of IEOs conducted in braces

Most Volatile

Unusual Volume

New High (ATH)

New Low (ATL)

Top Gainers

Top {coins} {type} with more than USD {volume} total volume over the last {period}

Top Losers

{name} Launchpad

Selected Layout Settings

Please choose metrics to view from the list below

You can spend your Spaceships on NFTs, discounts, or promo codes

Complete daily quests to earn more Spaceships

Get Daily Bonus

Check-in everyday and complete tutorial and daily tasks to get maximum Spaceships

or download our APK

Scan QR code to get download link specifically for your mobile platform

Mobile CryptoRank App

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Select Websites channels that you want to add to Cryptonews feed

Select Sources

Related News

Search Results for: 

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

Try again with a different term

No results for “{query}”

Create customized alerts sent straight to you via the CryptoRank app, Telegram, or Email. Alerts can be set for every coin we have listed!

Discover recent crypto fundraising rounds of upcoming projects and follow portfolios of top funds

Explore their upcoming sales and compare main features and past performances

You can also create a manual portfolio and add assets yourself. Portfolio analytics is available in the same form as in the tracker

Analyze ROI, price action, and other key IDO metrics using the largest token sale database

Simply add your crypto wallet addresses to track the performance of your portfolio. Fast and secure

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Current and ATH Average Returns Table

Share current and ATH average returns table

Less

More...

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

Create your Preset using Layout and Filter settings.

Customize table using Layout settings

Layout & Filters

Filters

Layout

Use CryptoRank.io data widgets to get the latest information about the cryptocurrency market. Just set up, copy and paste the iFrame code on your website.

Create the <p>Crypto Widget</p> for your website in a few clicks

Historical data tab for %name% in USD for download and research

PAX Gold PAXG

Historical Data for PAX Gold