PAX Gold (PAXG) Reaches One Day Volume of $10.86 Million

PAX Gold (PAXG) traded up 0.1% against the U.S. dollar during the 24 hour period ending at 22:00 PM E.T. on January 24th. One PAX Gold token can currently be purchased for approximately $1,906.55 or 0.08437341 BTC on major cryptocurrency exchanges. PAX Gold has a total market cap of $517.02 million and $10.86 million worth of PAX Gold was traded on exchanges in the last 24 hours. During the last seven days, PAX Gold has traded 0.9% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded 8.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 4.3% lower against the dollar and now trades at $0.0590 or 0.00000261 BTC.
  • CareCoin (CARES) traded 4.3% lower against the dollar and now trades at $0.0732 or 0.00000324 BTC.
  • OmniaVerse (OMNIA) traded down 43.3% against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded 4.3% lower against the dollar and now trades at $90.62 or 0.00400651 BTC.
  • Lunar (LNR) traded 5.1% higher against the dollar and now trades at $0.0286 or 0.00000127 BTC.
  • Hokkaidu Inu (HOKK) traded down 2.8% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 4.3% lower against the dollar and now trades at $6,361.15 or 0.28122715 BTC.
  • 2G Carbon Coin (2GCC) traded down 0.3% against the dollar and now trades at $135.02 or 0.00596925 BTC.
  • Lego Coin (LEGO) traded 4.1% higher against the dollar and now trades at $0.0419 or 0.00000185 BTC.

PAX Gold Token Profile

PAX Gold launched on August 29th, 2019. PAX Gold’s total supply is 271,264 tokens and its circulating supply is 271,181 tokens. PAX Gold’s official website is www.paxos.com/paxgold. 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.

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 possible to buy alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to acquire PAX Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy PAX Gold using one of the exchanges listed above.

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