PAX Gold (PAXG) is a unique form of cryptocurrency that is backed by gold. Launched in September 2019 by the creators of Paxos Standard (PAX), PAXG operates as an ERC-20 token on the Ethereum blockchain. The primary objective of PAXG is to make gold more tradable, overcoming the challenges of the physical commodity, such as its lack of divisibility and transport flexibility. PAXG aims to allow users to acquire indefinitely small amounts of gold through the cryptocurrency, virtually eliminating minimum acquisition limits for the commodity. Each PAXG token is backed by a fraction of a London Good Delivery gold bar, stored in approved gold vaults.

PAX Gold operates on the Ethereum blockchain and is secured by the proof-of-work (PoW) model. Each PAXG token corresponds to an ounce of gold in storage, covered by the PAX Gold protocol. This means the number of PAXG tokens in circulation fluctuates frequently, mirroring the available gold supply for backing. While PAXG is primarily tied to Ethereum, it can also be launched on other blockchains. The token's unique structure combines the security and liquidity of blockchain-based cryptocurrency with the established value of gold as a physical commodity, providing a new avenue for users.

PAX Gold seeks to make acquiring gold more accessible. The token's whitepaper highlights that over USD 3.5 trillion of the total gold available today is used solely for acquisition purposes. However, a significant portion of this gold is out of reach for small-time users. PAXG aims to bridge this gap. By backing each token with a fraction of a gold bar, PAXG enables users to acquire small amounts of gold, making this precious metal more accessible. This approach has inspired other cryptocurrency developers to create gold-backed tokens, expanding the potential use cases for PAXG.

PAX Gold was founded by Charles Cascarilla, who also founded Paxos Standard. Cascarilla's extensive career in capital management led him to explore the possibilities offered by cryptocurrencies. After earning a degree in finance from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005, marking the start of his career in finance and capital management. Since then, Cascarilla has been involved in several traditional and blockchain-based venture capital projects. PAX Gold was launched in September 2019 with the goal of making gold more tradable and accessible to users.

Actualizamos nuestro PAX Gold a la moneda USD en tiempo real. Consulta el precio de PAX Gold en tiempo real en Coinbase.

La capitalización de mercado actual de PAX Gold es 1084,06 MUS$. Una capitalización de mercado alta implica que el activo es muy valorado por el mercado.

El máximo histórico de PAX Gold es 3742,34 US$. Este máximo histórico es el precio más alto pagado por PAX Gold desde su lanzamiento.

Durante las últimas 24 horas, el volumen de operaciones de PAX Gold es de 107,25 MUS$.

Los activos que tienen una capitalización de mercado similar a PAX Gold incluyen Quant, Stacks, First Digital USD y muchos otros. Para ver una lista completa, consulte nuestros activos de capitalización de mercado comparables.

La oferta circulante actual de PAX Gold es de 291 mil.

PAX Gold se clasifica 295 entre los activos negociables en Coinbase. La popularidad se basa actualmente en la capitalización de mercado relativa.

Sí, actualmente PAX Gold está disponible en la casa de cambio centralizada de Coinbase. Para obtener instrucciones más detalladas, revisa nuestra guía útil Cómo comprar PAX Gold.