The live price of PAX Gold is - per (PAXG / USD) with a current market cap of $769.28M USD. 24-hour trading volume is - USD. PAXG to USD price is updated in real-time. PAX Gold is -% in the last 24 hours with a circulating supply of 238,092.85.
| Date Comparison | Amount Change | % Change |
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| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
Pax Gold (PAXG) is a cryptocurrency pegged to the price of gold, launched in September 2019 by the creators of Paxos Standard (PAX). As an ERC-20 token operating on the Ethereum blockchain, Pax Gold can be traded on various exchanges and serves as a convenient way for traders to begin investing in gold. The main goal behind the release of Pax Gold is to make gold more tradable, as physical commodities are not easily divisible or flexible in terms of transportation. Paxos Standard decided to create a cryptocurrency fully backed by gold. According to the official whitepaper, the launch and development of Pax Gold aim to allow investors to purchase small amounts of gold indefinitely through cryptocurrency, thereby eliminating minimum purchase restrictions for the commodity.
Overall, by combining the security and liquidity provided by blockchain-based cryptocurrencies with the established value of gold as a physical asset, Pax Gold offers traders a new investment opportunity. Each PAXG token is backed by a London Good Delivery gold bar stored in Brink’s vaults, which are approved by the London Bullion Market Association (LBMA).
The PAX Gold to other currencies exchange rate?
