PAX Gold (PAXG) Self Reported Market Capitalization Tops $541.54 Million

PAX Gold (PAXG) traded down 0.5% against the dollar during the 1 day period ending at 9:00 AM ET on November 2nd. One PAX Gold token can currently be purchased for approximately $2,746.66 or 0.03943183 BTC on popular cryptocurrency exchanges. Over the last week, PAX Gold has traded down 0.3% against the dollar. PAX Gold has a market cap of $541.54 million and $7.32 million worth of PAX Gold was traded on exchanges in the last day.

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

• 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.8% lower against the dollar and now trades at $69,600.57 or 0.99920633 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.8% against the dollar and now trades at $69,513.91 or 0.99796222 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 launched on August 29th, 2019. PAX Gold’s total supply is 197,163 tokens. The official message board for PAX Gold is medium.com/paxos. 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.

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 buy alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to acquire PAX Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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