About PAX Gold
Market Stats
Market Cap
$730,896,869.94
FDV
Not enough data
Circulating Supply
225,392.559 PAXG
Max Supply
Not enough data
Total Supply
225,392.559 PAXG
Performance
Popularity
Not enough data
Dominance
0.03%
Volume (24H)
$44,762,418.28
-0.52%
Volume (7D)
$354,186,465.42
Volume (30D)
$4,348,839,784.15
All time high
$3,487.68
Overall Price Change (1Y)
0.36%
Additional info about PAX Gold
Recent trends
The price of PAX Gold has increased by 0.55% in the last hour and increased by 0.28% in the past 24 hours. PAX Gold’s price has also risen by 6.47% in the past week. The current price is $3,259.96 per PAXG with a 24-hour trading volume of $44.76M. Currently, PAX Gold is valued at 6.53% below its all time high of $3,487.68. This all-time high was the highest price paid for PAX Gold since its launch. The current circulating supply of PAX Gold is 225,392.559 PAXG which means that PAX Gold has as total market cap of $730,896,869.94.
Market details
PAXG vs markets
↗ 22.55%
PAXG vs BTC
↗ 7.14%
PAXG vs ETH
↗ 173.42%
Tags
tokenized-gold
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x45804880De22913dAFE09f4980848ECE6EcbAf78 | |
Solana | C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe | |
BNB Smart Chain | 0x7950865a9140cB519342433146Ed5b40c6F210f7 |
Price history
Time | Price | Change |
|---|---|---|
Today | $3,259.96 | ↗ 0.28% |
1 Day | $3,249.05 | ↗ 0.28% |
1 Week | $3,065.34 | ↗ 6.47% |
1 Month | $2,961.95 | ↗ 10.11% |
1 Year | $2,394.86 | ↗ 36.18% |
FAQ
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.
We update our PAX Gold to USD currency in real-time. Get the live price of PAX Gold on Coinbase.
The current market cap of PAX Gold is $730.90M. A high market cap implies that the asset is highly valued by the market.
The all-time high of PAX Gold is $3,487.68. This all-time high is highest price paid for PAX Gold since it was launched.
Over the last 24 hours, the trading volume of PAX Gold is $44.76M.
Assets that have a similar market cap to PAX Gold include Onyxcoin, AB, Theta Network, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of PAX Gold is 225 thousand.
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PAX Gold news
Trending articles
Social stats
Contributors
0
Posts
0
% About PAX Gold
0.156%
Hold times
0 days
X (Twitter)
0% bullish
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
0 unique individuals are talking about PAX Gold and it is ranked #0 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, PAX Gold has an average sentiment score of 0 out of 5. Finally, PAX Gold is becoming less newsworthy, with 0 news articles published about PAX Gold.
On Reddit, PAX Gold was mentioned in 0 Reddit posts and there were 0 comments about PAX Gold. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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PAX Gold calculator
1 PAX Gold (PAXG) to Canadian Dollar (CAD)
CA$4,509.93
1 PAX Gold (PAXG) to Japanese Yen (JPY)
¥467,812.52
1 PAX Gold (PAXG) to Indian Rupee (INR)
₹280,578.71
1 PAX Gold (PAXG) to Real (BRL)
R$19,125.13
1 PAX Gold (PAXG) to Euro (EUR)
€2,858.67
1 PAX Gold (PAXG) to Nigerian Naira (NGN)
NGN 5,189,768.69
1 PAX Gold (PAXG) to South Korean Won (KRW)
₩4,633,445.09
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.