PAX Gold

Overview of PAX Gold

  • PAX Gold offers all its users the opportunity to own gold bars with the same mobility and speed as any digital asset can offer.For the convenience of all token holders, the company provides an opportunity to freely convert them into dedicated gold, unallocated gold, fiat (or vice versa).
  • PAX Gold tokens purchased on Virtuse Exchange can be transferred to the official Paxos website and be converted to the full-sized London Good Delivery bar or through a network of gold retailers all over the world also to smaller amounts of physical gold.
  • PAX Gold platform made it easier for users to own gold conveniently using digital currency pax allow the use of digital and fait currency to buy gold gram directly from the platform these gold gram…See more
  • PAX Gold was introduced in September 2019 to provide investors with a more convenient and affordable way to invest in gold without the risks and expenses that come with owning and storing physical gold.
  • PAX Gold has no minimum investment on Virtuse Exchange which makes fractional bar ownership now available for everyone regardless of how much money they have, or what color of passport they own.
  • PAX Gold (PAXG), a major cryptocurrency pegged to physical gold, has now rolled out for trading against two European fiat currencies — the Swiss franc (CHF) and the British pound (GBP).
  • Pax Gold will appeal to investors who want to have exposure to digital assets – which are increasingly regarded as the future of money – without the higher levels of volatility.”
  • PAX Gold is built as an Ethereum token, following the ERC-20 protocol, so that it’s easy to integrate with exchanges, wallets, lending platforms and other crypto products.
  • PAX Gold currently forms the 337th largest crypto project with a total market cap of about $104.6 million and a daily token trading volume of about $10 million. 
  • PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults.
  • Blockchain


    PAX Gold can be lent to a custodial lending provider for a earn rate as determined by the lending provider.


    PAX Gold owners can convert the tokens into unallocated gold entitlements, physical allocated gold or fiat.Unlike any other gold products available today PAX Gold is redeemable in several forms.


    After opening your account, you can place buy and sell orders through your broker’s trading platform.Before you can buy or sell PAXG, you need to open an account with a cryptocurrency broker that supports PAX Gold trading.Your broker will then carry out these orders and deposit your coins and tokens into your brokerage trading account, typically in exchange for a small commission or fee.


    Can I earn interest on PAX Gold?

    Yes.You can earn interest on PAXG deposits through Nexo and Crypto.

    How can I buy PAX Gold?

    Step 1: Create an account on Virtuse Exchange and deposit USD, PAX or BTC.

    How can I track my gold and do a physical redemption?

    The PAX Gold underlying gold is based on physical London Gold Delivery gold bars.Each bar is identifiable by a serial number and can be allocated to the corresponding tokens.Therefore, the PAX Gold token represents a fractional ownership of the LBMA accredited physical gold bar that is stored in professional gold vaults in London.If you hold the PAXG in your private ERC-20 wallet you can track the location, the fine weight, the serial number, as well as the brand of the gold.

    How can PAXG be used?

    The most obvious use case for PAXG is the ability for users to purchase and hold digital gold tokens without having to physically hold gold bars.While PAXG boasts about its quick gold redeemability, several other use-cases such as leveraging the commodity against other digital assets and sending PAXG tokens all over the world are also possible, giving the token a variety of applications within the digital financial market ecosystem.

    How did PAXG originate?

    From a semi-technical standpoint, PAX Gold is an ERC-20 token built on the Ethereum blockchain, which means it can be integrated with any service, exchange or wallet that integrates the ETH protocol.The CEO and co-founder of Paxos, Charles Cascarilla, has alluded to the fact that physical gold is difficult to trade or divide and even harder to leverage against other investments.As such, the original goal of the project was to update physical gold investments to the 21st century using Ethereum.Of course, its launch would also have the effect of increasing gold-crypto liquidity, which would, in turn, allow for a variety of financial products to be built on top of the token.

    How does Paxos Gold work?

    Paxos is using blockchain technology to improve the distribution, storage, and ownership of gold.Because PAXG is a blockchain asset it is decentralized, immutable, and highly resistant to malicious attacks or theft.Paxos Gold is as good as gold, but without the problems of storage, transportation, and the risk of theft.

    How Is the Pax Gold Network Secured?

    In the official whitepaper, Pax Gold CEO Charles Cascarilla explains that the PAXG protocol is created entirely on the Ethereum blockchain and is secured by the proof-of-work (PoW) model.However, PAXG is not exclusively tied to Ethereum and can be launched on other blockchains as well.

    How Many Pax Gold (PAXG) Coins Are There in Circulation?

    Pax Gold tokens have a one to one ratio with the gold storage backing it.This means that there is a PAXG coin for each ounce of gold in rotation covered by the Pax Gold protocol.In this sense, the amount of PAXG tokens in circulation changes frequently.

    How to buy PAX Gold on SimpleSwap?

    If you are interested in the PAXG token after reading this article and wondering how to buy it, we are ready to help you.

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    Is PAX Gold a Good Investment?

    If you’ve been considering adding precious metals to your investing portfolio but you don’t want to undergo the risks that come with storing gold on your property, an investment in PAXG can provide a more convenient way to invest.As an alternative asset, gold has long been used as a hedge against inflation.PAXG allows you to digitally store your protective investments.You might also want to consider investing in a gold ETF to add an extra layer of exposure to the gold market.

    Is PAX Gold a good investment?

    PAXG provides investors with the same value proposition of physical gold, in addition to the liquidity, security, and divisibility of digital assets powered by Blockchain technology.

    Is PAX Gold a stablecoin?

    PAXG is a stablecoin backed by physical gold; 1 PAXG token is equivalent to 1 fine troy ounce of a 400 oz London Good Delivery gold bar.

    Is PAX Gold safe?

    PAXG is issued by a regulatory-compliant company with customer account balances subject to regular third-party audits.Customer funds remain separate from the assets of the issuing company.

    Is PAXG regulated?

    Technically, PAX Gold falls under the same conventions set for Paxos Standard, (a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens) in addition to the necessary frameworks needed for heavy physical commodities.PAXG offers a regulated custodial solution that is regulated by the NYDFS.Briefly, this means that the token must meet certain standards of transparency and stability in order for it to remain on the market.

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    What does it mean to hold one PAXG?

    As for the gold, each coin represents one fine troy ounce LBMA-accredited London Good Delivery bar.The PAXG cryptocurrency means that you hold a piece of gold that is stored in a Brink’s vault for Paxos.From my own Internet research, I’ve found that this is the biggest point of doubt about this project.

    What Is Pax Gold (PAXG)?

    Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019.As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.

    What is PAX Gold?

    PAX Gold is a commodity-based cryptocurrency and stablecoin backed by gold.Each one of PAX’s tokens, PAXG, is backed by 1 fine troy ounce of gold.Unlike most cryptocurrencies, Paxos acts as both a trust company and a gold custodian, with regulation from the New York State Department of Financial Services.

    What is PAX Gold?

    PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults.Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company.

    What is PAX Gold?

    Nowadays, the term "digital gold" has ceased to amaze anyone.One of those who helped it to become a reality was the Paxos Trust Company.It created an ERC-20 token called PAX Gold (PAXG) based on the Ethereum blockchain.Since the token is built in this way, it can interact with many services, wallets, or exchanges that integrate the ETH protocol.Paxos claims PAXG is the safest way to possess customers’ gold.After all, the whole trick lies in the fact that by having tokens a person has physical, real gold.This gold is stored in the Brink’s vaults.One fine troy ounce of London Good Delivery gold bar equates to one PAXG token.Unlike some other cryptocurrencies, which do not depend on the value of other assets, such tokens as PAXG are asset-backed tokens and 100% tied to the price of the precious metal.PAX Gold offers all its users the opportunity to own gold bars with the same mobility and speed as any digital asset can offer.For the convenience of all token holders, the company provides an opportunity to freely convert them into dedicated gold, unallocated gold, fiat (or vice versa).Moreover, at the same time, it reduces their exposure to calculated risk.

    What is PAX Gold?

    PAX Gold (PAXG) Pis a digital asset.Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults in London.If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.Therefore, the PAX Gold tokens represent real-time value of Gold.

    What is Paxos Gold (PAXG)?

    Paxos Gold was created as an ERC-20 token on the Ethereum blockchain and with it Paxos is looking to solve the fundamental problems with physical gold and the traditional gold markets.Namely, that in the traditional market, investors have no access to a high-quality gold product that easy to purchase, transport, store, and trade.

    What Makes Pax Gold Unique?

    With a growing number of ERC-20 tokens available for purchase, Pax Gold stands out because it is backed by an already established commodity.One of the main goals for Pax Gold is to make investing in gold more accessible.

    What Problems do PAX Gold Solve?

    Precious metals are risky to store and difficult to keep safe.For those that trust Paxos, they will store the gold that is represented by your PAXG coin in their Brink’s vaults without the usual fees.Investors can now own a fraction of these accredited gold bars.

    Where can I buy PAX Gold?

    PAXG can be purchased directly from the issuer’s website with fiat.You can also buy PAXG from cryptocurrency exchanges such as Kraken or Probit using USD, EUR, BTC, or ETH.

    Where Can You Buy Pax Gold (PAXG)?

    Pax Gold is an ERC-20 token, which means it can be bought on many established exchanges and can be stored in a wide variety of cryptocurrency wallets.

    Where did PAX Gold come from?

    In September 2019, the world saw the PAXG token for the first time.As was already mentioned above, this token was created by a Paxos Trust Company.The CEO and co-founder of Paxos is Charles Cascarilla.He is also the Founding Partner of Liberty City Ventures.Before that, a Paxos Company was already known for releasing its Paxos Standard (PAX) stablecoin.This company has 3 headquarters: in London, Singapore, and New York.Paxos co-operates annually with corporations such as Deloitte and Grant Thornton in the sphere of internal audit.Importantly, the company recently started to support one of the newest PayPal services.With the PayPal digital wallet, US users can easily buy, hold, and sell cryptocurrency.This collaboration has shocked the Crypto World.Thus, PayPal plays a crucial role in raising awareness and the benefits of cryptocurrency for a huge number of people.

    Who are Paxos?

    Paxos was founded in 2012 as a privately held company that’s working on rebuilding the infrastructure of finance in a decentralized manner.As their website proclaims, they want to “make it possible to move any assets anywhere, instantly – and therefore democratize access to a new, global, frictionless economy.” And they’re accomplishing this by digitizing assets, including gold.

    Who Are the Founders of Pax Gold?

    Charles Cascarilla is the founder and chief executive officer of both Paxos Standard and Pax Gold.Cascarilla has an extensive career in capital management, which is what led him to explore the vast possibilities cryptocurrencies offer.

    Who is this for?

    PAX Gold is for anyone looking to invest directly in gold without the custody and insurance burdens of
    physical ownership.It offers a modern and effortless way to own physical gold.

    Who is this for?

    PAX Gold is for anyone looking to invest directly in gold without the custody and insurance burdens of
    physical ownership.It offers a modern and effortless way to own physical gold.

    Why invest?

    PAX Gold provides a means for investors to own the finest gold available at the lowest fees.It’s easy
    to invest in, it is extremely mobile and divisible, and it also gives holders ownership to the highest
    quality gold in the world.

    Why PAX Gold?

    * Typical on-chain transactions for PAX Gold moving on Ethereum settle near instantly.When you create PAXG on the Paxos platform, tokens will typically be minted and delivered the same day (some larger transactions will settle the next business day).

    Why use Paxos Gold?

    Paxos is best known for its stablecoin called Paxos Standard, which is a fully-collateralized U.S.dollar stablecoin.That was launched in September 2018.Just one year later in September 2019 Paxos launched Paxos Gold (PAXG) a fully-collateralized digital asset that represents one fine troy ounce of a London Good Delivery gold bar.

    History of PAX Gold