#155
On 80 watchlists

PAX Gold

PAXG

About

PAX Gold is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities.

$606,661,251

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Lend PAX Gold
Risk
Complexity
moderate
Reward
3.92%
Minimum
-
Lock Up
-
Staking Ratio
-
Adj. Reward
3.92%
Avg. Fee
-

Calculate how much you can earn by staking PAX Gold. Results vary based on the staking amount, term, and type selected.

USD
PAXG

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 PAXG

Est. Yearly Earning

$0

0 PAXG

FAQ's

  • What is Pax Gold?
  • PAX Gold (PAXG) is an asset-backed token where one token should represent 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.

    At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

  • How was PAX Gold Launched?
  • Sept. 5, 2019, PAX Gold was launched by Paxos Trust Company.

    PAX Gold (Ethereum ticker: PAXG), the first crypto-asset redeemable for physical gold.

    The New York State Department of Financial Services (NYDFS) has approved Paxos to issue PAX Gold, making PAX Gold the first regulated digital gold product.

  • Who is the Team behind PAX Gold?
  • Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets.

    Charles Cascarilla, CEO and Co-Founder of Paxos.

  • How to Stake PAX Gold?
  • PAX Gold can be lent to a custodial lending provider for a earn rate as determined by the lending provider.

  • How much can I earn Staking PAX Gold?
  • Currently you can ear around 6% APY on deposits of PAX Gold with specific lending providers. This rate can differ between lending providers.

  • Any risks to Staking PAX Gold?
  • There is always a risk when going with a custodial lending provider, you have to trust them to manage and return your asset according to their terms.