PAX Gold (PAXG) Achieves Self Reported Market Cap of $1.87 Billion

PAX Gold (PAXG) traded up 0.8% against the US dollar during the 1 day period ending at 8:00 AM E.T. on September 25th. During the last week, PAX Gold has traded down 1.2% against the US dollar. One PAX Gold token can now be purchased for about $4,299.40 or 0.05100455 BTC on popular exchanges. PAX Gold has a total market capitalization of $1.87 billion and $189.92 million worth of PAX Gold was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• CateCoin (CATECOIN) traded up 18.4% against the dollar and now trades at $0.11 or 0.00000126 BTC.
• SolvBTC (SOLVBTC) traded up 0.7% against the dollar and now trades at $84,236.83 or 0.99931711 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Token Profile

PAX Gold launched on September 5th, 2019. PAX Gold’s total supply is 434,899 tokens. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. The official message board for PAX Gold is www.paxos.com/blog/pax-gold-the-safest-way-to-own-gold-today. PAX Gold’s official website is www.paxg.com.

According to CryptoCompare, “PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. Facebook, LinkedIn, Medium, YouTubeWhitepaper”

Buying and Selling PAX Gold

It is usually not presently possible to purchase alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to trade PAX Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the exchanges listed above.

PAXG/USD price chart by TradingView