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PAX Gold (PAXG) Market Cap Achieves $530.30 Million

Financial News Live ·  Oct 21, 2022 10:21

PAX Gold (PAXG) traded up 0.2% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on October 21st. Over the last seven days, PAX Gold has traded down 0.9% against the U.S. dollar. PAX Gold has a total market cap of $530.30 million and approximately $8.05 million worth of PAX Gold was traded on exchanges in the last day. One PAX Gold token can currently be bought for $1,630.63 or 0.08581061 BTC on popular cryptocurrency exchanges.

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

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  • KILT Protocol (KILT) traded down 3.3% against the dollar and now trades at $0.55 or 0.00002876 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 1.2% lower against the dollar and now trades at $0.0486 or 0.00000256 BTC.
  • CareCoin (CARES) traded down 1.2% against the dollar and now trades at $0.0603 or 0.00000318 BTC.
  • OmniaVerse (OMNIA) traded down 0.8% against the dollar and now trades at $0.0021 or 0.00000011 BTC.
  • Lunar (LNR) traded up 2.6% against the dollar and now trades at $0.0629 or 0.00000334 BTC.
  • Hokkaidu Inu (HOKK) traded 17.9% higher against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 1.2% lower against the dollar and now trades at $5,240.40 or 0.27650904 BTC.
  • Lego Coin (LEGO) traded 9.1% lower against the dollar and now trades at $0.10 or 0.00000549 BTC.
  • Jeff in Space (JEFF) traded down 1.3% against the dollar and now trades at $2.05 or 0.00010795 BTC.

PAX Gold Token Profile

PAX Gold's launch date was August 29th, 2019. PAX Gold's total supply is 325,209 tokens. PAX Gold's official message board is medium.com/paxos. PAX Gold's official website is . PAX Gold's official Twitter account is @paxosglobal and its Facebook page is accessible here.

According to CryptoCompare, "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."

Buying and Selling PAX Gold

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

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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