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PAX Gold Stock

PAX Gold

PAXG

Price

4,263.05
Today +/-
+0
Today %
+0 %

PAX Gold Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Zedcex ExchangePAXG/USDT3,305.4228.04 M19.27 M6.46 B15.58cex1957/9/2025, 6:15 AM
BiKingPAXG/USDT3,305.691.43 M1.42 M10.47 M0.54cex1897/9/2025, 6:21 AM
BinancePAXG/USDT3,305.621.65 M1.58 M10.47 M0.09cex8827/9/2025, 6:23 AM
SpireXPAXG/USDT3,305.9435.68 M36.53 M7.7 M0.7cex4057/9/2025, 6:15 AM
BTCCPAXG/USDT3,305.32423,593.06259,856.687.66 M1.47cex6797/9/2025, 6:18 AM
JuCoinPAXG/USDT3,305.3965,408.5188,998.137.44 M0.47cex4167/9/2025, 6:18 AM
LBankPAXG/USDT3,305.6283,693.387,192.956.13 M0.31cex6667/9/2025, 6:21 AM
MEXCPAXG/USDT3,305.4141,128.7486,952.345.94 M0.22cex6447/9/2025, 6:18 AM
XXKKPAXG/USDT3,305.6229,736.5229,577.185.88 M0.4cex1887/9/2025, 6:21 AM
ToobitPAXG/USDT3,306.081.83 M1.45 M5.24 M0.31cex6887/9/2025, 6:21 AM
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PAX Gold FAQ

What is PAX Gold (PAXG)?

Pax Gold (PAXG) is a cryptocurrency backed by gold, introduced by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token on the Ethereum blockchain, Pax Gold is traded on a wide range of exchanges and offers traders an accessible means to invest in gold. The primary objective of Pax Gold is to enhance the tradability of gold, as the physical commodity presents challenges in terms of divisibility and transport flexibility. To address this, Paxos Standard developed a cryptocurrency fully backed by gold. According to the official whitepaper, Pax Gold was designed to enable investors to purchase indefinitely small amounts of gold through the cryptocurrency, effectively removing minimum purchase restrictions for the commodity.

Who Founded PAX Gold?

Charles Cascarilla is the founder and Chief Executive Officer of both Paxos Standard and PAX Gold. Cascarilla's comprehensive career in capital management inspired him to explore the extensive opportunities presented by cryptocurrencies. After earning a finance degree from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005, marking the beginning of his journey in finance and capital management. Since 2005, Mr. Cascarilla has been involved in various traditional and blockchain-based venture capital initiatives. For detailed information on PAX Gold, visit Eulerpool.

### What Makes PAX Gold Unique? PAX Gold (PAXG) distinguishes itself in the cryptocurrency market by being a gold-backed digital asset. Each PAXG token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar, stored in professional vault facilities. This connection to real, physical gold provides PAX Gold holders with a tangible asset, differentiating it from typical cryptocurrencies that rely on market demand. One of the key features of PAX Gold is its accessibility. It allows both individuals and institutions to own fractional amounts of physical gold, which can be prohibitively expensive and logistically complex to manage in its tangible form. This feature also facilitates easy and quick transactions, which can be conducted at any time, as PAXG tokens are based on the Ethereum blockchain. Moreover, PAX Gold provides enhanced liquidity in comparison to traditional gold investment options. It can be readily traded on a variety of platforms and exchanges, with Eulerpool offering comprehensive data and analysis for informed trading decisions. The transparency and security of blockchain technology further strengthen PAX Gold's appeal, as all transactions are publicly verified and immutable. In comparison to other gold-backed assets, PAX Gold offers lower fees and immediate settlement. Users benefit from the low friction of blockchain technology, which allows for lower transaction fees and the immediacy of settlement, thus making gold more accessible and easier to manage than ever before. In essence, PAX Gold combines the reliability and trust associated with physical gold with the innovation and convenience of cryptocurrency, making it a unique and compelling investment choice for those looking to diversify their portfolio with digital assets backed by tangible resources.

With an increasing number of ERC-20 tokens available in the market, Pax Gold distinguishes itself by being backed by a well-established commodity. One of Pax Gold's primary objectives is to enhance the accessibility of gold investment. According to the official whitepaper, "more than USD 3.5 trillion of the total gold available today is used solely for investment purposes;" however, a substantial portion remains inaccessible to small investors. This is where Pax Gold plays a crucial role. Each PAXG token is backed by a fractional ownership in a London Good Delivery gold bar, safeguarded in Brink’s gold vaults, the authorized storage provider by the London Bullion Market Association. By merging the security and liquidity inherent in blockchain-based cryptocurrency with the established reputation of gold as a physical commodity, Pax Gold offers traders a novel investment opportunity. PAXG has also inspired other cryptocurrency developers to create tokens backed by gold.

What is the Total Circulation of Pax Gold (PAXG) Coins?

Pax Gold tokens maintain a one-to-one ratio with the physical gold stored as backing. This implies that for each ounce of gold secured by the Pax Gold protocol, there exists a corresponding PAXG coin. Consequently, the circulating supply of PAXG tokens is subject to frequent changes. Currently, there are approximately 60,161 PAXG coins in circulation. However, this figure is in constant fluctuation due to the continuous influx of new investors and the subsequent expansion of the gold supply available for backing by Pax Gold.

What Measures Ensure the Security of the PAX Gold Network?

In the official whitepaper, Pax Gold CEO Charles Cascarilla explains that the PAXG protocol is built entirely on the Ethereum blockchain and is secured by the proof-of-work (PoW) model. However, PAXG is not limited to Ethereum and can also be deployed on other blockchains. Proof-of-work protocols represent a traditional approach to cryptocurrency mining, with Bitcoin being the most prominent example. However, Ethereum has recently initiated its transition to the proof-of-stake (PoS) model, which aims to reduce the resources required for token mining, among other objectives.

Where can you purchase Pax Gold (PAXG)?

PAX Gold is an ERC-20 token, allowing it to be purchased on numerous established exchanges and stored in a wide range of cryptocurrency wallets. Among the top recommended exchanges for trading PAX Gold are Binance, BitZ, and Kraken. It is crucial to recognize that although PAX Gold is backed by physical gold bars, there are still risks involved in investing and trading PAXG. Find out more here about buying cryptocurrencies on Eulerpool.

Investors interested in PAX Gold are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.