$2,901.8
-0.19%
$2,895.0
24h Range
$2,907.7
Market Cap
$597,520,830.6
Fully Diluted Valuation
$597,520,830.6
24 Hour Trading Vol
$15,690,111.4
Circulating Supply
205,914.9
Total Supply
205,914.9
Max Supply
∞
PAX Gold Price
$2,901.8
24h Range
$2,895.0 - $2,907.7
Percent Change 1h
-0.07%
Percent Change 24h
-0.19%
Percent Change 7d
0.03%
All-time high
$2,945.2
All-time low
$1,399.6
1D
7D
1M
1Y
All
PAX Gold (PAXG) is a digital asset that represents ownership of physical gold. Each PAXG token is backed by one fine troy ounce of gold stored in a secure vault, making it a stable and fungible asset. Launched in September 2019 by Paxos Trust Company, PAXG is an ERC-20 token on the Ethereum blockchain, allowing users to trade, transfer, and store gold in a seamless, digital format. The token aims to combine the benefits of gold's stability with the advantages of blockchain technology, providing a hedge against inflation and economic uncertainty.
PAX Gold was founded by the Paxos Trust Company, which was co-founded by Charles Cascarilla and Andrew Chang. Charles Cascarilla serves as the CEO and has a background in finance and technology, with previous experience at major firms like Cedar Hill Capital Partners and Goldman Sachs. Andrew Chang, the COO, has extensive experience in operations and risk management in both traditional finance and the blockchain space. Their combined expertise has been pivotal in establishing PAXG as a trusted gold-backed digital asset.
PAX Gold operates on the Ethereum blockchain, utilizing smart contracts to ensure transparency and security. Each PAXG token is pegged to a specific amount of physical gold, stored in audited vaults. Users can purchase PAXG through various cryptocurrency exchanges or directly via the Paxos platform. The process involves the following steps:
PAX Gold has several practical applications, including:
Ensuring the security of your PAX Gold holdings involves several best practices:
Investing in PAX Gold (PAXG) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy PAX Gold: Once your account is funded, you can purchase PAX Gold directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in PAX Gold using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
PAX Gold (PAXG) is currently trading at $2,901.8 and exhibits good potential for future growth. Check the latest PAX Gold (PAXG) price prediction.
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