| General information | |
|---|---|
| Global rank: | 122 |
| Name: |
PAX Gold |
| Symbol: | PAXG |
| Current coin price (CNY): | 19 238.43 ¥ |
| Last hour: | arrow_upward0.080 % |
| Last 24 hours: | arrow_downward-0.810 % |
| Last 7 days: | 0.470 %trending_up |
| Capitalisation (CNY): | 3 684 596 870.38 ¥ |
| Volume 24h (CNY): | 83 751 332.47 ¥ |
| Available supply: | 191 523.00 PAXG |
| Total coin supply: | 2 411.00 PAXG |
| Algorithm: | ETH Token |
| Start date: | 29/08/2019 |
PAX Gold/Chinese Yuan (PAXG/CNY) price chart
PAX Gold/Chinese Yuan (PAXG/CNY) capitalisation and volume charts
PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.
PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.