PAX Gold (PAXG) Self Reported Market Capitalization Reaches $520.45 Million

PAX Gold (PAXG) traded up 0% against the US dollar during the twenty-four hour period ending at 16:00 PM ET on September 19th. PAX Gold has a market cap of $520.45 million and approximately $4.58 million worth of PAX Gold was traded on exchanges in the last day. One PAX Gold token can currently be bought for $1,919.18 or 0.07062365 BTC on exchanges. Over the last seven days, PAX Gold has traded up 1.4% against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 1.2% higher against the dollar and now trades at $0.27 or 0.00001005 BTC.
• 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 down 2.2% 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.
• OmniaVerse (OMNIA) traded 0.3% lower against the dollar and now trades at $0.0010 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 0.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded down 0% against the dollar and now trades at $0.0086 or 0.00000032 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 0.2% lower against the dollar and now trades at $0.0076 or 0.00000028 BTC.

PAX Gold Profile

PAX Gold’s launch date was August 29th, 2019. PAX Gold’s total supply is 248,317 tokens and its circulating supply is 271,181 tokens. The official website for PAX Gold is www.paxos.com/paxgold. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. PAX Gold’s official message board is medium.com/paxos.

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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase PAX Gold using one of the aforementioned exchanges.

PAXG/USD price chart by TradingView