Paxos have issued a commodity-backed gold stablecoin, PAX Gold (PAXG). Paxos manages Brink's vaults, where each token is backed by one troy ounce of gold. ETFs, futures contracts and other derivatives cannot be used with PAX to gain exposure to Gold markets.


What Is PAX Gold?Investing in Paxos Gold (PAXG) is a safe and rewarding way to acquire gold and other crypto assets.The market value of PAXG tokens reflects the importance of physical gold stored in vaults by Paxos and its partners, and each token can be redeemed for one troy fine ounce of gold stored in lockers.&nbsp;Paxos developed the PAXG token as an&nbsp;<a href="https://digitalcoinprice.com/coins/ethereum">Ethereum-based</a> token that can be exchanged for other crypto assets and secured by its owners.Paxos performs monthly audits to ensure its PAXG token supply matches its gold reserves to maintain its accounts continuously. Gold bullion bars can be redeemed at any time for PAXG by users.&nbsp; &nbsp;PAXG tokens are divided up to 18 decimal points and can be redeemed at physical gold retailers around the world for smaller amounts of gold. &nbsp;<h4>Who created Paxos Gold?</h4>In addition to Paxos Standard, Pax Gold was created by Charles Cascarilla. The University of Notre Dame awarded him a degree in finance. His venture capital projects involve blockchain technology, and he co-founded Cedar Hill Capital Partners in 2005.&nbsp; &nbsp;<h3>How does Paxos Gold work?</h3>An intelligent contract rules-based blockchain underpins Paxos Gold, which runs on&nbsp;<a href="https://digitalcoinprice.com/coins/ethereum/exchanges">Ethereum</a>.It costs around 0.02% to create and destroy PAXG tokens. Using Ethereum involves on-chain fees as well.Specifically, Paxos uses third-party tools to monitor and track each PAXG transaction. Investigations are conducted to determine if fraud or money laundering is taking place.Furthermore, smart contracts are regularly audited by developers, who identify bugs and vulnerabilities in the code.&nbsp; &nbsp;<h4>Why does PAXG have value?</h4>PAXG offers cryptocurrency investors exposure to the price of gold through its ability to enable them to move value into gold assets.&nbsp; &nbsp;Investors may be attracted to cryptographic money since it offers easy online exchange, portability, and exchangeability, along with a long-term value they believe in.&nbsp; &nbsp;<h4>KEY ATTRIBUTES OF PAX GOLD CRYPTO</h4>Investment is easy in PAXG: PAXG is the best nominee for physical gold because it is easy to invest in tokenized gold.Precious resources are called security:&nbsp;In times of bear markets and inflation, PAX Gold can be a helpful asset class to balance a person's investment portfolio.&nbsp;Gold is a tradable asset:&nbsp; It is difficult to conduct a commercial gold trade on a physical level. Due to its real gold backing, PAXG can be an ideal choice for investing and trading gold.Valuable Gold Investment:&nbsp;The New York State Department of Financial Services regulates PAX Gold, a product of Paxos trust company. The DFS approves and regulates PAXG, which is fully backed by gold held in secure vaults.&nbsp;PAXG's low fees for mining: PAX is an ERC-20 token that can mine at minimal fees. In Brinks vaults, PAX does not charge physical gold.&nbsp; &nbsp;<h4>Why use PAXG?</h4>Because PAXG offers the efficiency and transparency of cryptocurrency while offering exposure to gold market price movements, users may find it a compelling addition to their portfolio. &nbsp;Additionally, PAXG is friendly to institutional and retail investors on Kraken. Following their portfolio needs, investors can easily buy and sell fractions of gold or larger amounts.&nbsp; &nbsp;PAX Gold (PAXG) Token Metrics<figure class="table"><table><tbody><tr><td>Token Name:</td><td>PAX Gold</td></tr><tr><td>Ticker:</td><td>PAXG</td></tr><tr><td>24h Volume:</td><td>$ 17.22 million ($ 17,215,383)</td></tr><tr><td>Market Cap:</td><td>$ 286,576&nbsp;</td></tr><tr><td>Fully Diluted Market Cap:</td><td>$ 286,576</td></tr><tr><td>Circulating Supply:</td><td>172.79 PAXG</td></tr><tr><td>Total Supply:</td><td>172.79 PAXG</td></tr><tr><td>Max Supply</td><td>172.79 PAXG</td></tr><tr><td>Ethereum contract address</td><td><a href="https://etherscan.io/token/0x45804880De22913dAFE09f4980848ECE6EcbAf78">0x45804880De22913dAFE09f4980848ECE6EcbAf78</a></td></tr><tr><td>Issuance Blockchain:</td><td>Ethereum, Polygon</td></tr></tbody></table></figure>&nbsp; &nbsp;Where is the&nbsp;PAX Gold (PAXG) coin available?PAX Gold (PAXG) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges as listed below.&nbsp; &nbsp;<ul><li>Binance</li><li>Kraken</li><li>FTX</li><li>KuCoin</li><li>MAXC</li></ul> &nbsp;You can check the whole&nbsp;<a href="https://digitalcoinprice.com/coins/pax-gold/exchanges">list of exchanges are here</a> to buy&nbsp;PAX Gold (PAXG). &nbsp;<h4>Crypto Currency Converter &amp; Calculator</h4>Digitalcoinprice's&nbsp;<a href="https://digitalcoinprice.com/coins/bitcoin">Bitcoin</a>&nbsp;and other cryptocurrency calculator is to determine the exchange rates between the major crypto and fiat currencies, including&nbsp;Bitcoin(BTC), Ethereum (ETH), XRP (XRP),&nbsp;<a href="https://digitalcoinprice.com/coins/polkadot-new">Polkadot&nbsp;</a>(DOT)&nbsp;to USD, INR, EUR, IDR&nbsp;and many more. Among other digital assets, prices are indexed by&nbsp;<a href="https://digitalcoinprice.com/">DigitalCoinPrice</a> and other digital asset price indices. Open Exchange Rates are used to calculate world currency prices.&nbsp; &nbsp;

PAX Gold

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PAX Gold PAXG

Compare PAX Gold with other crypto

Compare PAX Gold with other crypto

PAX Gold (PAXG) 30 Days Historical Price Data

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