Price
$1,791.16
12/2/2022, 12:29:39 PM
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PAX Gold can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$582.1M

Volume (24h)

$13.3M

Circulating supply

325.2K PAXG

All time high

$3,487.68

Price change (1h)

-0.19%

Price change (24h)

+1.06%

Price change (7d)

+2.13%

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PAX Gold is on the rise this week.

The price of PAX Gold has risen by 2.13% in the past 7 days. The price increased by 1.06% in the last 24 hours. In just the past hour, the price shrunk by 0.19%. The current price is $1,791.16 per PAXG. PAX Gold is 48.64% below the all time high of $3,487.68.

The current circulating supply is 325,209.481 PAXG.

About

What Is PAX Gold (PAXG)?

PAX Gold is a unique asset-supported coin where one token denotes one adequate troy ounce (t oz) of a 400 oz London Good Delivery gold bar stowed in professional vault structures. Users who own PAXG have ownership privileges to that gold under the control of Paxos Trust Company. Since PAXG symbolizes physical gold, its worth is tied straight to the real-time market price of that physical gold. This highly accessible coin is built on the Ethereum blockchain as an ERC-20 token.

PAXG seeks to offer customers the advantages of absolute physical ownership of precise gold bars with the pace and mobility of a virtual asset. Furthermore, the token allows customers to have fractional licenses of physical bars. On the Paxos platform, consumers can aim to transform the tokens into either allocated gold or unallocated gold (and vice versa) very efficiently, thereby seeking to lessen settlement risk exposure. 

Furthermore, PAXG is also open for trading on the Paxos's itBit exchange and other crypto-asset swaps, wallets, and lending platforms within the crypto environment. At any point in time, PAXG holders can look at the serial number, worth, and physical aspects of the vaulted gold simply by entering the Ethereum wallet address on the accessible PAXG lookup tool (Paxos.com/paxgold).

As per the whitepaper, PAX Gold is an effective asset for active traders and market users inside and beyond the crypto-asset world. PAX Gold is a leading choice for many individuals curious about owning physical gold as an acquisition since the token aims to be easily accessible, high-quality gold, and there are no storage fees.

The ERC-20 token is an essential Ethereum smart contract that obeys a standard protocol for defining custom tokens on the blockchain. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. The specified contract must state essential token attributes such as symbol, name, and decimal precision. Also, the contract tracks the number of token balances for every Ethereum address. It permits address holders to transfer some balance portions to other addresses.

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How much is 1 PAXG?

Conversion Table

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Last update: 12:28 PM

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FAQ

What is the current price of PAX Gold?

The price of 1 PAX Gold currently costs $1,791.16.

What is the market cap of PAX Gold?

The current market cap of PAX Gold is $582.12M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of PAX Gold?

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.

What is the 24 hour trading volume of PAX Gold?

Over the last 24 hours, the trading volume of PAX Gold is $13.28M.

What other assets are similar to PAX Gold?

Assets that have a similar market cap to PAX Gold include Neutrino USD, Aptos, Gemini Dollar, and many others. To see a full list, see our comparable market cap assets.

How many PAX Gold are there?

The current circulating supply of PAX Gold is 325 thousand.