Pax Gold (PAXG) coin page

ARCHIVED 2021-11-04, DATE APPROXIMATE · VERSION 20211104_rev01 · COMPARED WITH 20211003_rev01

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1The live **PAX Gold price today** is $1,765.41 USD with a 24-hour trading volume of $7,638,808 USD. We update our PAXG to USD price in real-time. PAX Gold is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #161, with a live market cap of $319,366,197 USD. It has a circulating supply of 180,902 PAXG coins and the max. supply is not available.
1The live **PAX Gold price today** is $1,775.30 USD with a 24-hour trading volume of $17,697,463 USD. We update our PAXG to USD price in real-time. PAX Gold is down 0.54% in the last 24 hours. The current CoinMarketCap ranking is #186, with a live market cap of $315,391,643 USD. It has a circulating supply of 177,655 PAXG coins and the max. supply is not available.
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33## What Is Pax Gold (PAXG)?
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55Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token operating on the Ethereum [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain), Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
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77The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why [Paxos Standard](https://coinmarketcap.com/currencies/paxos-standard/) decided to create a cryptocurrency entirely backed by gold. According to the [official whitepaper](https://www.paxos.com/wp-content/uploads/2019/09/PAX-Gold-Whitepaper.pdf), Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.