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. Easily convert or redeem PAXG for fiat, physical or unallocated gold via the Paxos platform. PAX Gold is listed on 9 exchanges with a sum of 25 active markets. Volume (24 hours) $ 5.4M. Allocated gold is identifiable with a unique serial number, purity, and weighting for each bar. Paxos Gold (PAXG) Token Tracker on Etherscan shows the price of the Token $1,851.3900, total supply 62,228.041, number of holders 7,709 and updated information of the token. Trade PAXG against other digital assets on popular crypto exchanges. Cryptocurrency Market & Coin Exchange report, prediction for the future: You'll find the Paxos Standard Price prediction below. Built as an ERC-20 token on the Ethereum blockchain, PAXG can easily be moved or traded anywhere in the world, 24/7. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. How to Buy/Sell(Redeem) PAX Gold; Time Taken to Settle a Purchase or Sale of PAXG / Affects on Trade Price ; PAX Gold Fees; Insurance of Gold Assets and Published Attestation Reports ; PAXG Allocation and Physical Gold Bar Details Representing My PAXG Tokens; PAX Gold Minimum Investment Amounts; … We're indexing our data. Whenever you buy or sell PAXG from your Paxos account (on either the wallet or PAX Gold pages), Paxos charges small fees to process both the creation and destruction of PAXG tokens (see fee schedule below). You should conduct your own research, review, analyse and verify our content before relying on them. Instead, it has the divisibility, fungibility and tradability of any digital asset like bitcoin. Check out our snapshot charts and see when there is an opportunity to buy or sell. Our Ai cryptocurrency analyst implies … Yes. (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. PAX Gold (PAXG) is a digital asset. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on. 1m. PAX Gold is also approved and regulated by the DFS and fully-backed by allocated gold held in the most secure, leading vaults in the world. Any use or reliance on our content is solely at your own risk and discretion. For PAXG held on Paxos, login to view your allocation report. CryptoCompare needs javascript enabled in order to work. In other words, the best of physical and digital assets at the same time! All-Time High $192,278.70 % from ATH-99%. Paxos Gold is a unique approach to owning precious metals – unlike any other method of owning gold to date. Every PAX Gold token is backed by an ounce of allocated gold. VIEW Paxos Standard PRICES AT THE NO 1 GOLD PRICE SITE. With Paxos Gold it is now possible to earn interest on gold holdings. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. This means that the price of PAXG is tied to the market value of the physical gold it represents. The fee controller has the ability to set the fee recipient and the fee rate (measured in 1/100th of a basis point). The amount of gold representing the total supply of PAXG is a 1:1 ratio – one fine troy ounce of gold equals one PAXG token. Institutional customers can also redeem for unallocated Loco London Gold. Paxos charges a set fee rate for all on-chain transfers of PAXG in order to offset storage fees of gold bars in our vault. It has a circulating supply of 62 Thousand PAXG coins and a max supply of 62.2 Thousand. This Lookup tool is for PAXG held in on-chain Ethereum wallets (not custodial exchanges/wallets). One of the first was Nexo, a leading regulated financial institution for digital assets. To capture the most accurate gold price at all times, the price of PAXG is based on streaming prices directly from our partner INTL FCStone to represent the real-time London gold market. Paxos Gold (PAXG) is a crypto asset backed by real gold reserves held by Paxos, a for-profit company based in New York.. Each PAXG token is redeemable for 1 troy fine ounce of gold custodied in vaults by Paxos and its partners, and its market value is meant to mirror the physical gold it represents. is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements About Paxos Standard Coin. Paxos will never change the fee rate without prior notice as we take transparency very seriously. With Chainlink, developers can … Customers are able to have fractional ownership of physical bars. Low Fees. If you initiated a transfer of 10 PAXG, the receiver would get 9.998 PAXG after fees. You will receive an email with instructions on how to reset your password in a few minutes. A new way to buy gold from Paxos in the form of PAX gold, a Bitcoin-like cryptocurrency back by real gold. How to Buy Paxos Gold (PAXG) Looking to invest in an asset that provides the efficiency and transparency of cryptocurrency while offering exposure to the price of gold? HOLDINGS . PAX Gold (PAXG) Price for today is $1,915.07, for the last 24-hours 158 PAXG's were exchanged with a trade volume of $302,383. What’s going on with PAXG? Get the latest crypto news, updates, and reports by subscribing to our free newsletter. 1y. It has a circulating supply of 244,951,954 PAX coins and the max. Add to Watchlist. “With the proof of reserve and price available on-chain, our regulated assets will become more accessible for DeFi users.” Published by CryptoNinjas.net 01/14/2021 Paxos, a crypto brokerage and infrastructure platform, today announced it is now working … * Typical on-chain transactions for PAX Gold moving on Ethereum settle near instantly. Live Paxos Standard prices from all markets and PAX coin market Capitalization. “With the proof of reserve and price available on-chain, our regulated assets will become more accessible for DeFi users.” About Chainlink. Any transactions associated with this coin will also be removed. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company. This is similar to the way a traditional bank operates – customers don’t own specific notes, but rather they have a credit that can be paid out upon request. Paxos Trust Company issues PAX Gold tokens and is regulated by the New York State Department of Financial Services. Price for one PAX gold ( PAXG ) token continuously as the market Capitalization PAXG... Now possible to own tiny fractions of a token, which is why it so! Trading it why it is now possible to earn interest on your PAXG holdings much gold is identifiable with sum... $ 0.60 there is an opportunity to buy or sell Multi-Portfolio is officially from!, please therefore consult your financial advisor before making any decision rate for all on-chain transfers of tokens. Has a circulating supply of 62.6 Thousand other words, the receiver would get 9.998 PAXG after fees proof. 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