PAX Gold (PAXG) Self Reported Market Cap Achieves $593.98 Million

PAX Gold (PAXG) traded 0.9% higher against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on March 28th. One PAX Gold token can now be bought for about $2,190.36 or 0.03094688 BTC on popular cryptocurrency exchanges. PAX Gold has a total market cap of $593.98 million and $7.92 million worth of PAX Gold was traded on exchanges in the last 24 hours. In the last week, PAX Gold has traded up 0.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 5.8% against the dollar and now trades at $0.44 or 0.00000622 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.3% lower against the dollar and now trades at $0.0093 or 0.00000013 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Profile

PAX Gold was first traded on August 29th, 2019. PAX Gold’s total supply is 183,847 tokens and its circulating supply is 271,181 tokens. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. The official message board for PAX Gold is medium.com/paxos. The official website for PAX Gold is www.paxos.com/paxgold.

According to CryptoCompare, “PAXG is a digital asset that represents physical gold stored in a vault, each token representing one troy ounce of a 400 oz London Good Delivery gold bar. It is built on the Ethereum blockchain and issued by Paxos Trust Company, a regulated financial institution and custodian of the physical gold. PAXG is primarily used as a way for investors to invest in and hold gold in a digital form, and it can be traded on various exchanges. It can also be used as collateral for loans and other financial services within the cryptocurrency and blockchain ecosystem, and Paxos Trust Company has developed institutional-grade APIs and solutions for businesses and developers who want to use PAXG and other Paxos assets in their applications.”

Buying and Selling PAX Gold

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

PAXG/USD price chart by TradingView