PAX Gold (PAXG) Hits Self Reported Market Cap of $472.43 Million

PAX Gold (PAXG) traded up 0.1% against the US dollar during the 24 hour period ending at 19:00 PM E.T. on August 20th. PAX Gold has a total market cap of $472.43 million and approximately $8.90 million worth of PAX Gold was traded on exchanges in the last 24 hours. One PAX Gold token can now be bought for about $2,508.90 or 0.04225323 BTC on cryptocurrency exchanges. During the last week, PAX Gold has traded up 2.2% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • 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.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% 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.
  • Lumi Credits (LUMI) traded up 3.9% against the dollar and now trades at $0.0150 or 0.00000025 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
  • MVP Coin (MVP) traded 3.4% lower against the dollar and now trades at $0.0451 or 0.00000076 BTC.

PAX Gold Token Profile

PAX Gold’s launch date was August 29th, 2019. PAX Gold’s total supply is 188,301 tokens. The official website for PAX Gold is www.paxos.com/paxgold. PAX Gold’s official message board is medium.com/paxos. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here.

According to CryptoCompare, “PAXG is a digital asset that represents physical gold stored in a vault, each token representing one troy ounce of a 400 oz London Good Delivery gold bar. It is built on the Ethereum blockchain and issued by Paxos Trust Company, a regulated financial institution and custodian of the physical gold. PAXG is primarily used as a way for investors to invest in and hold gold in a digital form, and it can be traded on various exchanges. It can also be used as collateral for loans and other financial services within the cryptocurrency and blockchain ecosystem, and Paxos Trust Company has developed institutional-grade APIs and solutions for businesses and developers who want to use PAXG and other Paxos assets in their applications.”

PAX Gold Token Trading

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

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