PAXG

PAX GoldPAXG

Rank #422
Token
On 16,439 watchlists

Prezzo PAX Gold (PAXG)

€1,463.91
0.08%

0.02775 BTC0.27%

0.7178 ETH6.15%

Basso:€1,454.44
Alto:€1,471.25
24h
PAXG  PAX Gold PAXGPrice: €1,463.91 0.08%
Cap. del mercato
€88,070,151
0.08%
Fully Diluted Market Cap
€123,187,833
0.08%
Volume
24h
€8,773,882
20.20%
Volume / Market Cap
0.09962
Rifornimento circolante
60,161 PAXG
Rifornimento massimo
--
Rifornimento totale
84,150

PAX Gold Chart

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PAXG Quotazione in tempo reale

Il prezzo odierno di The live è di €1,463.91 EUR con un volume di trading in 24 ore di €8,773,882 EUR. PAX Gold ha registrato un aumento del 0.08% nelle ultime 24 ore. L'attuale posizione in classifica su CoinMarketCap è #422, con una capitalizzazione di mercato pari a €88,070,151 EUR Ha un'offerta circolante pari a 60,161 PAXG. e la fornitura massima non è disponibile.

Le principali piattaforme per lo scambio di PAX Gold sono attualmente Binance, FTX, BitZ, HitBTC, e Kraken. Puoi trovarne altre nella nostra pagina dedicata alle piattaforme di scambio delle criptovalute.

What Is Pax Gold (PAXG)?

Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.

The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why Paxos Standard decided to create a cryptocurrency entirely backed by gold. According to the official whitepaper, Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.

Who Are the Founders of Pax Gold?

Charles Cascarilla is the founder and chief executive officer of both Paxos Standard and Pax Gold. Cascarilla has an extensive career in capital management, which is what led him to explore the vast possibilities cryptocurrencies offer.

After acquiring a degree in finance from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005. This was the start of his career in finance and capital management. Since 2005, Mr. Cascarilla has participated in several traditional and blockchain-based venture capital projects.

What Makes Pax Gold Unique?

With a growing number of ERC-20 tokens available for purchase, Pax Gold stands out because it is backed by an already established commodity. One of the main goals for Pax Gold is to make investing in gold more accessible.

The official whitepaper states that “more than USD 3.5 trillion of the total gold available today is used solely for investment purposes;” however, a large portion of it is unavailable to small-time investors. This is where Pax Gold comes into play. Each PAXG token is backed by a fraction of a piece of London Good Delivery gold bar, stored in Brink’s gold vaults, which is the approved storage company by the London Bullion Market Association.

Through combining the security and liquidity offered by blockchain-based cryptocurrency, and the established name of gold as a physical commodity, Pax Gold brings a new investment opportunity to traders. PAXG has inspired other cryptocurrency developers to create gold-backed tokens as well.

Read more about Perth Mint Gold Token.

Find out more about Tether Gold.

Learn more about gold-backed cryptocurrencies.

Have a look at the CoinMarketCap blog.

How Many Pax Gold (PAXG) Coins Are There in Circulation?

Pax Gold tokens have a one to one ratio with the gold storage backing it. This means that there is a PAXG coin for each ounce of gold in rotation covered by the Pax Gold protocol. In this sense, the amount of PAXG tokens in circulation changes frequently.

At the moment of writing, there are about 60,161 PAXG coins in circulation. However, the number of coins shifts almost by the minute as new investors are introduced, and Pax Gold increases the available gold supply for backing.

How Is the Pax Gold Network Secured?

In the official whitepaper, Pax Gold CEO Charles Cascarilla explains that the PAXG protocol is created entirely on the Ethereum blockchain and is secured by the proof-of-work (PoW) model. However, PAXG is not exclusively tied to Ethereum and can be launched on other blockchains as well.

Proof-of-work protocols represent a classic approach to cryptocurrency mining, Bitcoin being the most prominent example. Ethereum has, however, recently begun its transition to the proof-of-stake (PoS) model, aiming to reduce the resources necessary for token mining, among other things.

Where Can You Buy Pax Gold (PAXG)?

Pax Gold is an ERC-20 token, which means it can be bought on many established exchanges and can be stored in a wide variety of cryptocurrency wallets.

Some of the top recommended exchanges for trading Pax Gold are Binance, BitZ, FTX and Kraken. It is important to note that while Pax Gold is backed by physical gold bars, there still is risk associated with investing and trading PAXG.

Find out more here about buying cryptos.

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PAXG

PAX Gold

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EUR

Euro

PAXG Price Statistics

PAX Gold Prezzo oggi
Prezzo PAX Gold€1,463.91
Price Change24h€1.15
0.08%
24h Low / 24h High
€1,454.44 /
€1,471.25
Trading Volume24h€8,773,882.04
20.20%
Volume / Market Cap0.09962
Market Dominance0.00%
Posizione mercato#422
PAX Gold Market Cap
Cap. del mercato€88,070,151.11
0.08%
Fully Diluted Market Cap€123,187,832.91
0.08%
PAX Gold Prezzo ieri
Yesterday's Low / High
€1,454.44 /
€1,471.25
Apertura/Chiusura ieri
€1,460.03 /
€1,462.95
Risultato ieri

0.2%

Volume ieri€8,776,538.71
PAX Gold Cronologia dei prezzi
7d Low / 7d High
€1,450.29 /
€1,489.60
30d Low / 30d High
€1,412.60 /
€1,505.30
90d Low / 90d High
€1,412.60 /
€1,579.45
52 Week Low / 52 Week High
€1,382.21 /
€2,910.18
Più alto di sempre
Apr 22, 2020 (a year ago)
€2,910.18
49.70%
Più basso di sempre
Oct 26, 2019 (a year ago)
€1,158.15
26.40%
ROI PAX Gold

15.04%

PAX Gold Fornitura
Rifornimento circolante60,161 PAXG
Rifornimento totale84,150 PAXG
Rifornimento massimoNessun dato