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PAX Gold PAXG

PAX Gold Price (PAXG)
$2,317.89
0.15% Buy PAXG Now

0.6538 ETH

0.0356 BTC

Buy PAXG Now
Low: $2,309.18
High: $2,323.00
24h
Market Cap
$430,785,467
0.15%
Fully Diluted Market Cap
$430,847,552
0.15%
Volume
24h
$3,854,300
51.41%
Volume / Market Cap
0.0089
Circulating Supply
185,853 PAXG
Max Supply
--
Total Supply
185,853

PAX Gold (PAXG) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.05%

Joined at Apr 18, 2023

Following

1

0.00%

Tweet count

0

PAX Gold reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official PAX Gold (PAXG) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

PAX Gold telegram
Telegram Stats

Members

-

Title

-

Currently, official PAX Gold (PAXG) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

PAX Gold traffic
Website Traffic
Visit Website

Website Rating (DR)

76 / 100

1.30%

Ahrefs Rank

28,591

3.46%

Organic Traffic (mo.)

0

PAX Gold github
GitHub Organization
Visit GitHub

Public repos

Created at Oct 19, 2016

Type

Organization

PAX Gold github
GitHub Public Repository
Visit GitHub

Stars

0.00%

Watchers

24

0.00%

Forks

43

0.00%

Language

JavaScript

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 2,054


Live PAXG Price Analysis

The current real time PAX Gold price is $2,317.89, and its trading volume is $3,854,300 in the last 24 hours. PAXG price has grew by 0.15% in the last day, and increased by 0.22% in the last 7 days. It’s important to note that current PAX Gold market capitalization is $430,785,467, Talking about circulating supply, PAXG has 185,853 coins. Currently, PAX Gold rank on the market is #128.

PAX Gold price today is 25.88% below all time high, and it is 468.53% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling PAXG are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is PAX Gold (PAXG)?

PAX Gold (PAXG) is the ERC-20 token on the Paxos ecosystem. It’s an asset-backed stablecoin, meaning that the PAXG price is pegged to the value of gold. It offers means of trading gold more flexibly by employing a decentralized system.

Paxos is a DeFi infrastructure that offers a range of services, including a centralized exchange (CEX), crypto brokerage, commodity settlements, and other stablecoins aside from PAX Gold. It aims to increase the accessibility of valuable assets in the real world and mobilize their trade in the blockchain space.

The PAX Gold price has matched the value of gold in the traditional markets from its inception. You can see the current value of this stablecoin in the chart above.

Who Is the Founder of PAX Gold?

PAX Gold, as well as the Paxos ecosystem as a whole, was founded by Charles Cascarilla. He’s an entrepreneur and financial expert who has founded and co-founded a number of centralized and decentralized projects. Cascarilla is the current CEO of Paxos.

The goal of the PAX Gold crypto service is to simplify the process of trading gold and make it more accessible by tying physical assets to digital ones. Gold is a lucrative asset to many traders due to its safe haven status, and is considered as a good option for portfolio diversification.

However, owning gold physically is inconvenient due to storage requirements and difficulties with physical trading. It can be difficult for smaller traders to access, as investment-grade gold bars can cost hundreds of thousands of dollars.

Paxos was established on the Ethereum blockchain, and PAX Gold works as an ERC-20 token. However, according to the whitepaper, there are plans to launch the project on other blockchains in the future to increase the digital accessibility of gold-backed assets. As a stablecoin, PAXG did not undergo an initial coin offering (ICO) or other pre-sale funding.

PAX Gold was developed to act as a stablecoin. Stablecoins are assets that have their value backed by a tangible asset in the real world. While the most common peg for cryptocurrencies is fiat currency, such as the USD or the Euro, others may be backed by valuable items such as diamonds or, in the case of PAXG, gold. Since gold is a scarce commodity, it can be expected that both the Pax GOLD price and the value of the physical asset will go up in the future.

What Are the Main Features of PAX Gold?

There is no predetermined cap on the max supply of PAX Gold since it depends on how much gold is available in storage. The amount of tokens in circulation is regularly minted and burned to adjust to the demand and supply. PAX Gold has a 1:1 conversion ratio with gold. This means that the PAXG price is exactly the same as the market rate of gold at any given moment.

Gold is historically considered to have low volatility, meaning that PAXG is a considerably stable asset compared to other cryptocurrencies. Given that it’s pegged to gold, the PAX Gold price is not susceptible to the overall crypto trends and instead follows the same market fluctuations as its adjacent asset.

All assets listed on PAX Gold have a real-world equivalent. According to the Paxos platform, the physical assets are supplied by London Good Delivery. One PAX Gold coin equals one troy ounce of fine gold (t oz), and the minimum required purchase is 0.01 t oz.

Unlike the traditional market, where they must own a share or a full gold bar, PAXG allows users to own a fraction of the physical asset. Each gold bar that is bound to the trade has a serial number.

Being able to hold the value of a legitimate gold bar in storage is the core function of PAXG. If a user owns enough assets that their PAX Gold price amount is equal to one gold bar, they can exchange it for the physical asset.

The security of PAXG is two-fold. The blockchain itself is protected by using the Proof-of-Work (PoW) consensus algorithm, while the gold bars are maintained in the Brink’s precious metals storage units.

What's PAX Gold trading volume in the last 24 hours?

PAXG has a trading volume of $3,854,300 in the last 24 hours.

What's PAX Gold highest price ever?

PAXG has a highest price of $3,127.12, which was reached on Nov 16, 2021 (2 years 7 months ago).

What's PAX Gold lowest price ever?

PAXG has a lowest price of $407.70, which was reached on Dec 11, 2022 (1 year 6 months ago).

What are the best exchanges for buying and selling PAXG?

Currently, the most active and dominating exchanges for buying and selling PAX Gold are Binance, Kraken & Kucoin. The most popular PAX Gold trading pairs are PAXG/USDT (on Binance ), PAXG/USD (on Gemini ), PAXG/WETH (on Uniswap (V2) ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping PAXG?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping PAX Gold. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

PAX Gold project's Circulating Supply has been verified and is equal to:

Circulating Supply

185,853 PAXG

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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