PAX Gold
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PAX Gold
PAX Gold (PAXG) is a fully regulated, ERC-20 gold-backed cryptocurrency from Paxos, each token directly pegged to one troy ounce of LBMA-accredited physical gold. Designed to bridge traditional gold investing with blockchain transparency, PAX Gold provides traders and institutions cost-efficient exposure to secure physical gold, instant price tracking, and frictionless global transfers.
PAX Gold (PAXG) is a gold-backed digital asset launched in September 2019 by Paxos Trust Company. Every PAXG token is fully collateralized by one fine troy ounce of physical gold from London Good Delivery bars, stored in secure LBMA-accredited Brink’s vaults. Through its innovative structure, PAX Gold connects traditional precious metal value to digital asset convenience, making gold ownership secure, liquid, and borderless.
Key Features of PAX Gold Coin:
Each token is redeemable for physical gold, bridging real-world assets with blockchain.
Regulated by the New York State Department of Financial Services for robust investor protection.
Operates as an ERC-20 token, facilitating easy transfer, integration with dApps, and rapid trades across global platforms.
Supports fractional gold ownership, making gold investing accessible for all investors, not just institutions.
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Symbol: PAXG
Launch Date: September 2019
Blockchain Protocol: Ethereum ERC-20, with full smart contract integration
Market Capitalization: ~$407M (as of latest update)
24h Trading Volume: ~$31M
Circulating Supply: ~273,000 PAXG
Total Supply: Dynamically issued based on gold reserves; no fixed cap
All-Time High/Low: Price closely follows real-time spot gold; historical peak and trough charted per gold price
Live gold-backed value charts and token movements can be tracked in reputable cryptocurrency exchanges and review platforms.
Whitepaper and Resources: Available on official Paxos website with regular updates and technical audits.
Founding Team: Led by Charles Cascarilla and the experienced Paxos Trust Company team, who have backgrounds in both traditional finance and pioneering blockchain ventures.
Use Case: PAX Gold is created for borderless, cost-effective digital gold trading, efficient portfolio hedging, and direct redeemability for physical gold or fiat.
Tokenomics: No maximum supply—tokens are minted or burned to reflect actual gold held. PAXG is fully collateralized, audited monthly by external authorities, and operates on transparent smart contracts.
Governance: Centralized compliance and audits by Paxos, under direct regulatory oversight with detailed reporting transparency.
PAX Gold is frequently referenced in advanced cryptocurrency exchange development comparisons for its technological security and regulatory reliability.
Official X (Twitter) Feed: Active updates on gold price, regulatory compliance, and ecosystem integrations.
Blog and Announcements: Paxos blog features industry news, regulatory changes, gold market trends, and pivotal audits.
Developer Activity: Routine smart contract audits, ongoing Ethereum integration, and compatibility updates are conducted and published transparently.
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Register an account on leading exchanges (e.g., Binance, Coinbase, Kraken, WazirX).
Complete KYC and fund your account with fiat or crypto.
Search and select “PAX Gold” (PAXG), then execute a market or limit purchase.
As a gold-backed token, traditional staking is not supported; holding PAXG provides secure exposure to the underlying asset’s real-world appreciation.
Users may lend PAXG in selected DeFi platforms for passive income options, but always review risks.
Deposit PAXG into a supported exchange wallet.
Use live charts and real-time price feeds to make buy/sell trades against USDT, BTC, or fiat.
Withdraw or convert to physical gold using eligible retail channels or request redemption via Paxos.
As an ERC-20 token, developers can add PAXG to Ethereum-compatible wallets, DeFi protocols, or payment integrations.
Utilize the open smart contract API for automated gold tracking, settlement, or investment dApps.
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Official Website: paxos.com/pax-gold
Whitepaper: Direct access from Paxos documentation section.
Explorers: Etherscan for ERC-20 tracking; supported DeFi analytics portals.
Wallets: Compatible with MetaMask, Trust Wallet, Ledger, and all ERC-20 custodial solutions.
Social Channels: Twitter/X, Telegram, LinkedIn for news and support.
The Clipstrust expert team views PAX Gold as a leading solution for secure, transparent, and regulated digital gold investing. It offers a blend of gold’s historic value and blockchain’s efficiency. For those who find PAX Gold meets their investment or trading needs, submitting a review helps others benefit from your experience.
Based on user ratings, PAX Gold consistently scores for stability, accessibility, and full compliance. Clipstrust encourages every user to review and share feedback for the benefit of the crypto ecosystem.
What makes PAX Gold different from other gold tokens?
PAX Gold is fully regulated, redeemable for physical gold, and audited monthly for complete transparency.
Can PAX Gold be traded for actual gold?
Yes, holders can redeem PAXG for LBMA gold bars or fiat, directly through Paxos and select retail partners.
Where is the underlying gold stored?
All PAXG gold is stored in Brink’s and LBMA-approved vaults, independently audited and allocated.
Does PAX Gold pay staking rewards?
Traditional staking is not offered, but holders benefit from gold price appreciation and DeFi lending programs.
Is PAX Gold subject to regular audits?
Yes, monthly third-party and smart contract audits verify full gold backing for all circulating tokens.
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