Pax Gold
Name
Pax Gold
Summary
Pax Gold (PAXG) is a gold-backed cryptocurrency created by Paxos Standard's designers (PAX)
-It was founded by Charles Cascarilla
-It is built on ethereum blockchain.
Rating
Symbol
PAXG
Overview
Pax Gold is traded on a number of exchanges and has become a popular way for traders to get into gold investing.
The primary purpose of Pax Gold is to make gold more tradable, as the actual commodity is not easily divided or transportable. This is why Paxos Standard decided to create a gold-backed cryptocurrency. Pax Gold was established, according to the official whitepaper, to allow investors to acquire indefinitely small amounts of gold using cryptocurrency, effectively eliminating minimum buy constraints for the commodity.
Historical Price Movement (in INR)
Technology
PaxG employs Proof-of-Work as its consensus mechanism but, is not limited to Ethereum and may be used on other blockchains as well.
It is an ERC-20 token and supports solidity as its programming language.
Token Allocation
Pax Gold tokens are backed by gold storage in a one-to-one ratio. This means that for every ounce of gold in rotation covered by the Pax Gold protocol, a PAXG currency is created. In this way, the number of PAXG tokens in circulation fluctuates a lot.
Volume (26th April 2022)
$38,565,830
Total Supply
317659
Circulating supply
317,658.96 PAXG
Crowd Sales
Paxos has raised a total of $538.5M in funding
Funding
29/04/2021: Series D- $300M
16/12/2020: Series C- $142M
31/05/2018: Series B- $65M
8/05/2015: Series A- $28.2M
11/11/2013: Seed Round- $3.3M
Country
USA
Name of Organization
Paxos Trust Solutions, LLC
Year Incorporated
2012
Registered Address
140 East, 45th Street Suite 16B, New York, 10017 United States
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Charles Cascarilla | Co-Founder and CEO | University of Notre Dame: Bachelor of Business Administration (BBA), Finance | 22 Yrs |
Whitepaper 
