PAX Gold (PAXG) is a digital asset that represents ownership of physical gold, allowing users to hold a token backed by real gold assets.

What are the risks associated with transferring PAX Gold?

Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets and handle private keys.

How can I verify the acquisition of PAX Gold?

Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct.

Where can I find official resources for PAX Gold?

Official resources for PAX Gold can be found on their website at https://www.paxg.com/ and their technical documentation at https://www.paxos.com/pax-gold.

PAX Gold (PAXG)

Rank #36

Market snapshot

Price: $4,498.43
Market cap: $2.0B
24h volume: $363.3M
Circulating supply: 438,958.6901
Total supply: 438,958.6901
Max supply: N/A

What is PAX Gold?

PAX Gold is a digital asset that is pegged to the value of physical gold. Each PAXG token is backed by one fine troy ounce of gold stored in professional vaults. This allows users to have a digital representation of gold, facilitating easy transfer and ownership without the complexities of physical storage. PAX Gold operates on the Ethereum blockchain.

Key information

Symbol: PAXG
CMC rank: #36
Network / platforms: Ethereum
Categories: N/A
Date added: Sep 26, 2019

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Ethereum
0x45804880de22913dafe09f4980848ece6ecbaf78

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is PAX Gold?: PAX Gold (PAXG) is a digital asset that represents ownership of physical gold, allowing users to hold a token backed by real gold assets.
What are the risks associated with transferring PAX Gold?: Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets and handle private keys.
How can I verify the acquisition of PAX Gold?: Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct.
Where can I find official resources for PAX Gold?: Official resources for PAX Gold can be found on their website at https://www.paxg.com/ and their technical documentation at https://www.paxos.com/pax-gold.

Related cryptocurrencies

View all cryptocurrencies