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.
$3,347.19
+0.93%
- Rank #71
- Market Cap
0.84%
$795,904,476
- 24H Spot Volume
76.40%
$54,935,834.32
- 24H Volume / Market Cap
+75.00%+7.00%
- Circulating Supply
237,782.68
- Total Supply
237,783
- Max Supply
-
- Fully Diluted Valuation
-
- API ID pax-gold
- Project Start Date Sep, 2019
- Contracts & Explorer(s)
0x458...baf78 - Websites Website
- Links
About PAXG
Pax Gold (PAXG) is a gold-backed ERC20 cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019.
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