Paxos Gold (Wormhole)
1. Summary
- Description
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Paxos Gold
Paxos Gold
Paxos Gold (PAXG) is an ERC-20 digital token on the Ethereum blockchain, backed by physical gold reserves held in secure vaults such as LBMA and Brink’s. Each token represents one fine troy ounce of a London Good Delivery gold bar. PAXG offers fractional ownership and trading of gold, with benefits including low storage fees, instant settlement, and regulation by the New York State Department of Financial Services.
Key Features:
- Backed by Physical Gold: PAXG tokens are fully collateralized by actual gold, ensuring the token’s value is tied to the real-time market value of gold.
- Fractional Ownership: PAXG enables users to purchase fractional ownership of gold with a low minimum purchase requirement.
- Security and Regulation: Paxos Trust Company, the issuer of PAXG, ensures regular audits to maintain a 1:1 ratio of gold reserves to tokens. It is also regulated by the New York State Department of Financial Services and NYDFS.
- Accessibility: PAXG is easily tradable on Ethereum wallets and supported platforms, making gold investment accessible to retail investors.
- Interest Earning: Users can earn interest on their PAXG through interest accounts provided by certain companies.
- Instant Settlement: Settlement for PAXG is near instantaneous, reducing settlement and credit risk.
- Redeemable: PAXG is the only gold token that can be redeemed for LBMA-accredited Good Delivery gold bullion bars.
Summary
Paxos Gold provides an innovative, accessible, and secure way to invest and own gold through digital tokens.
| Price | |
| 52W High price | $2,312.72 |
| 52W High date | 25th Jun 2022 (2 years ago) |
| All Time High (ATH) Date | 21st Apr 2025 (1 month ago) |
| All Time Low (ATL) Date | 21st Apr 2025 (1 month ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $29.00 |
How does Paxos Gold (Wormhole)'s () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 303,363 |
| Active Discord Users | 11,265 |
| Telegram Users | |
| Twitter followers | 84,406 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://wormholenetwork.com/ |
|---|---|
| Explorer | https://solscan.io/token/C6oFsE8nXRDThzrMEQ5SxaNFG... |
| @wormholecrypto |
What is the correct contract address for Paxos Gold (Wormhole)?
| Solana | C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe |
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Has Paxos Gold (Wormhole) been audited for security?
No security audits found for this project.
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