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PAX Gold Price
PAX Gold price

PAX Gold Price(PAXG)

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PAXG
1 PAXG =
THB ฿87,090.08
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Last updated 2024/05/22 01:48 (UTC)
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1.99%
Kraken
0.26%
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0.1%
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฿ 87,090.08
-0.91%
1D
Page last updated: 2024-05-22 13:48 (UTC+0)
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Price of PAXG today

The live price of PAX Gold is ฿ 87,090.08 per (PAXG / THB) with a current market cap of ฿ 16.01B THB. 24-hour trading volume is ฿ 461.84M THB. PAXG to THB price is updated in real-time. PAX Gold is -0.91% in the last 24 hours with a circulating supply of 183,838.43.
PAXG Price History THB
Date ComparisonAmount Change% Change
Today฿ -798.85-0.91%
30 Days฿ 1,996.57+2.35%
60 Days฿ 8,803.90+11.25%
90 Days฿ 14,289.16+19.63%

PAXG Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: ฿ 87,031.62
High: ฿ 87,933.94
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
฿ 126,951.73
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.07%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-0.91%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+1.79%
The percent change in trading volume for this asset compared to 7 days ago.

PAXG Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#160
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
฿ 16.01B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
฿ 461.84M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
183,838.43
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
฿ 16.01B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About PAX Gold (PAXG)

Initiated in September 2019 by the creators of Paxos Standard, PAX Gold (PAXG) represents a digital asset blending the physical gold and cryptocurrency sectors. It provides a digital entitlement to one fine troy ounce of a 400 oz London Good Delivery gold bar, safely stored in Brink’s vaults. This digital asset ensures each PAXG token is supported by physical gold, enhancing its real-world relevance.

Functioning as an ERC-20 token on the Ethereum blockchain, PAX Gold facilitates trading on a multitude of exchanges, thereby democratizing access to gold. It allows for investments in small, divisible amounts, thereby rendering gold investment both accessible and flexible. Significantly, owners of PAXG are afforded the option to redeem their tokens for the equivalent value in USD or, for those holding more than 430 PAXG, in physical gold bars directly through Paxos. This feature aims to distinguish PAX Gold from many digital assets that are either backed by fiat currencies or purely speculative, as it directly pegs each token to physical gold. This amalgamation of blockchain's liquidity and security with gold's intrinsic value and stability adeptly addresses common investment challenges such as divisibility, transport, and storage.

PAX Gold's structure suits various uses, from offering a secure investment route to enabling easy transferability and redemption options in either physical gold or USD. It caters to experienced investors and commodities market novices alike, illustrating the value of merging traditional finance with the volatile crypto market. The PAXG token offers a unique utility by providing investors with a blockchain-based, easily transferable digital asset that represents ownership of physical gold.

The live price of PAXG is updated and can be tracked in real time on Binance.

People Also Ask: Other Questions About PAX Gold

  1. What is PAXG Token Used For?

    The PAXG token is designed to serve as a digital representation of physical gold, enabling investors to securely and efficiently invest in gold through the innovative use of cryptocurrency technology. By bridging the gap between traditional gold investment and the digital asset market, PAXG provides a liquid, easily transferable, and divisible means of owning gold, thus democratizing access to gold investments and integrating the reliability of gold with blockchain's transparency and security.

  2. How Do Network Consensus and Validation Work On PAX Gold?

    Network consensus and validation for PAX Gold, an ERC-20 token, are secured through the Ethereum blockchain's proof-of-stake (PoS) mechanism. This shift post the Ethererum Merge enhances energy efficiency and scalability, directly benefiting the integrity and reliability of PAX Gold transactions.

  3. Who Is The Founder Of PAX Gold?

    The individual behind the inception of PAX Gold is Charles Cascarilla. With a comprehensive background in both conventional finance and the emerging cryptocurrency sector, Cascarilla brings a wealth of knowledge to the creation of PAX Gold. His deeply rooted expertise has played an essential role in integrating traditional gold investment strategies with the adaptability and convenience that cryptocurrency offers, thereby shaping a distinct and beneficial digital asset for global investors.

  4. What is the Maximum and Circulating Token Supply of PAX Gold?

    PAX Gold has established an infinite limit as its maximum token count. Currently, the circulating amount, based on the most recent data, is around 185,492 PAXG tokens.

  5. What Makes PAX Gold Different From Others?

    PAX Gold aims to distinguish itself in the digital asset landscape through its unique backing by physical gold. This not only ensures the divisibility and easy transferability of gold investments but also overcomes the logistical and practical barriers traditionally associated with gold investment. PAX Gold combines the tangible value of gold with the efficiency, transparency, and security of blockchain technology, making it an unparalleled choice for investors seeking stability and growth in their digital asset portfolios.

  6. How To Buy PAX Gold (PAXG)?

    PAX Gold (PAXG) can be purchased directly from Binance by using a debit or credit card. PAX Gold (PAXG) can also be traded for other cryptocurrencies on Binance. Live PAX Gold price is updated in real-time on Binance. PAXG price and purchase information is available for users to read on our How to Buy PAX Gold (PAXG) Guide.

PAXG to Local Currency

FiatPriceOperation
1 PAXG to USD$ 2,392.58
1 PAXG to TRY$ 2,392.58
1 PAXG to RUB$ 2,392.58
1 PAXG to EUR$ 2,392.58
1 PAXG to AED$ 2,392.58
1 PAXG to AUD$ 2,392.58
1 PAXG to BRL$ 2,392.58
1 PAXG to VND$ 2,392.58
1 PAXG to IDR$ 2,392.58
Last updated 2024/05/22 01:48 (UTC)

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