PAX Gold
PAX Gold
PAXG
PAX Gold Timeline
PAX Gold Token allocation
PAX Gold BasicReport a Data Error
- Oct,2024PAXG reached the milestone of one million PAXG tokens in circulation, signifying its success as a leading tokenized gold product. The increasing adoption demonstrated the potential for blockchain to enhance the accessibility and usability of traditional assets like gold, setting a precedent for other asset-backed digital tokens.
- Aug,2023Paxos upgraded PAXG’s infrastructure to reduce transaction fees and improve scalability, making the asset more accessible for smaller transactions. This update aimed to make PAXG a more practical solution for everyday investors seeking exposure to gold.
- May,2023PAXG hit a market cap of over $500 million, reflecting sustained demand for gold-backed digital assets as inflation concerns drove renewed interest in gold. This milestone highlighted the value investors placed on gold as a hedge against economic volatility and underscored PAXG's appeal as a regulated digital asset.
- Feb,2022PAXG achieved a key integration with major lending platforms, allowing holders to use PAXG as collateral for loans. This provided PAXG holders with an additional financial utility, merging traditional asset ownership with the flexibility of digital finance, and enhancing PAXG’s role in crypto-based financial services.
- Jul,2021PAXG became available for purchase on the Paxos platform with zero transaction fees, making it easier for investors to access gold-backed assets. This development helped lower the barrier to entry for individuals interested in tokenized gold, further broadening PAXG's user base.
PAX Gold Info
- Oct,2024PAXG reached the milestone of one million PAXG tokens in circulation, signifying its success as a leading tokenized gold product. The increasing adoption demonstrated the potential for blockchain to enhance the accessibility and usability of traditional assets like gold, setting a precedent for other asset-backed digital tokens.
- Aug,2023Paxos upgraded PAXG’s infrastructure to reduce transaction fees and improve scalability, making the asset more accessible for smaller transactions. This update aimed to make PAXG a more practical solution for everyday investors seeking exposure to gold.
- May,2023PAXG hit a market cap of over $500 million, reflecting sustained demand for gold-backed digital assets as inflation concerns drove renewed interest in gold. This milestone highlighted the value investors placed on gold as a hedge against economic volatility and underscored PAXG's appeal as a regulated digital asset.
- Feb,2022PAXG achieved a key integration with major lending platforms, allowing holders to use PAXG as collateral for loans. This provided PAXG holders with an additional financial utility, merging traditional asset ownership with the flexibility of digital finance, and enhancing PAXG’s role in crypto-based financial services.
- Jul,2021PAXG became available for purchase on the Paxos platform with zero transaction fees, making it easier for investors to access gold-backed assets. This development helped lower the barrier to entry for individuals interested in tokenized gold, further broadening PAXG's user base.
OrganizationsPAX Gold Intro
PAX Gold (PAXG) is a crypto asset whose value follows the real-time market price of gold.
Paxgold is a digital currency whose value is equal to that of a gold nugget and can be described as a cryptocurrency backed by gold. It was issued on September 27, 2019 by Paxos Trust Company, which has been approved by the New York Department of Financial Services to be granted a license to custody and manage financial assets. This means that each of Paxgold's tokens matches the gold content of gold and can therefore be retained or redeemed by the token holder.
Paxgold grew out of the demand for cryptocurrencies in the financial system in order to link it to the traditional precious metals investment market. It aims to provide investors with more options and a safer and cost-effective way to make a variety of transactions. Although Paxgold is not a digital currency that can be mined like Bitcoin or Ether, it is nonetheless seen as a promising asset that will play an important role in the future of the digital currency market. Unlike traditional financial markets and other cryptocurrencies, Paxgold offers a stable and secure investment option, making it an attractive choice for those looking to diversify their portfolios.
The founder and CEO of Pax Gold is Charles Cascarilla. launched pax-gold in september 2019. another co-founder is Rich Teo, who is the ceo of paxos in asia cascarilla has extensive experience in capital management, which has led him to explore the immense possibilities offered by cryptocurrencies. After receiving a degree in finance from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005, which was the beginning of his career in finance and capital management. Since 2005, Mr. Cascarilla has been involved in several traditional and blockchain-based venture capital projects.
At a time when the Terra ecosystem is out of control, the algorithmic stablecoin UST is plummeting off its anchor, and crypto-asset investor risk aversion is at a high point, with net selling reaching a new high for the year, PAXG anchors to gold and stands out as a safe haven for millions of crypto investors. According to the CoinMarketCap platform, the market capitalization of gold-backed cryptocurrencies is just over $1 billion. The combined value of Tehter Gold and PaxGold accounted for the majority of the amount.
Above are only for introduction, not intended as investment advice.
PAX Gold Unlock & AllocationReport a Data Error
Q&A about PAX Gold Tokenomics
Explore the tokenomics of Pax Gold (PAXG) and review the project details below.
What is the allocation for PAX Gold (PAXG)?
PAXG does not have an initial allocation.
What is the supply schedule for PAX Gold (PAXG)?
Pax Gold (PAXG) is a gold-backed cryptocurrency. When users purchase PAXG from Paxos, the company will deposit the corresponding amount of physical gold in its vault, and then issue the corresponding amount of PAXG on the blockchain. On the other hand, when users want to exchange PAXG for physical gold, they can send PAXG to Paxos Company. The company will withdraw the corresponding amount of physical gold from its vault for the user, and then destroy/burn the corresponding amount of PAXG.
Now the Circulating Supply of PAXG means the difference between PAXG mint and burn, you can find the latest amount on https://www.paxos.com/paxgold/#transparency
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PAX Gold Price Live DataReport a Data Error
PAX Gold (PAXG) is a crypto asset whose value follows the real-time market price of gold.
Paxgold is a digital currency whose value is equal to that of a gold nugget and can be described as a cryptocurrency backed by gold. It was issued on September 27, 2019 by Paxos Trust Company, which has been approved by the New York Department of Financial Services to be granted a license to custody and manage financial assets. This means that each of Paxgold's tokens matches the gold content of gold and can therefore be retained or redeemed by the token holder.
Paxgold grew out of the demand for cryptocurrencies in the financial system in order to link it to the traditional precious metals investment market. It aims to provide investors with more options and a safer and cost-effective way to make a variety of transactions. Although Paxgold is not a digital currency that can be mined like Bitcoin or Ether, it is nonetheless seen as a promising asset that will play an important role in the future of the digital currency market. Unlike traditional financial markets and other cryptocurrencies, Paxgold offers a stable and secure investment option, making it an attractive choice for those looking to diversify their portfolios.
The founder and CEO of Pax Gold is Charles Cascarilla. launched pax-gold in september 2019. another co-founder is Rich Teo, who is the ceo of paxos in asia cascarilla has extensive experience in capital management, which has led him to explore the immense possibilities offered by cryptocurrencies. After receiving a degree in finance from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005, which was the beginning of his career in finance and capital management. Since 2005, Mr. Cascarilla has been involved in several traditional and blockchain-based venture capital projects.
At a time when the Terra ecosystem is out of control, the algorithmic stablecoin UST is plummeting off its anchor, and crypto-asset investor risk aversion is at a high point, with net selling reaching a new high for the year, PAXG anchors to gold and stands out as a safe haven for millions of crypto investors. According to the CoinMarketCap platform, the market capitalization of gold-backed cryptocurrencies is just over $1 billion. The combined value of Tehter Gold and PaxGold accounted for the majority of the amount.
Above are only for introduction, not intended as investment advice.