PAX Gold (PAXG) Self Reported Market Capitalization Reaches $622.22 Million

PAX Gold (PAXG) traded 0.3% lower against the US dollar during the one day period ending at 17:00 PM ET on May 7th. In the last week, PAX Gold has traded 0.3% higher against the US dollar. PAX Gold has a total market capitalization of $622.22 million and approximately $6.15 million worth of PAX Gold was traded on exchanges in the last day. One PAX Gold token can currently be purchased for about $2,294.48 or 0.03641796 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded up 0.6% against the dollar and now trades at $0.30 or 0.00000482 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 2.1% against the dollar and now trades at $0.0100 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Profile

PAX Gold’s genesis date was August 29th, 2019. PAX Gold’s total supply is 184,652 tokens and its circulating supply is 271,181 tokens. PAX Gold’s official website is www.paxos.com/paxgold. The official message board for PAX Gold 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.”

Buying and Selling PAX Gold

It is usually not presently possible to buy alternative cryptocurrencies such as PAX Gold directly using U.S. dollars. Investors seeking to trade PAX Gold should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy PAX Gold using one of the aforementioned exchanges.

PAXG/USD price chart by TradingView