PAX Gold (PAXG)
PAX Gold (PAXG) is a digital asset issued by Paxos. Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company.
A user can choose to redeem her PAXG tokens with Paxos, and receive the corresponding value her tokens represent in USD. If a user holds more than 430 PAXG tokens, she has the choice to redeem her tokens in exchange for physical gold bars.
1. Basic Info
| Symbol | PAXG |
| Name | PAX Gold |
| Web Site | https://www.paxos.com/paxgold/ |
| Explorer | https://solscan.io/token/C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe,https://etherscan.io/token/0x45804880de22913dafe09f4980848ece6ecbaf78,https://www.oklink.com/eth/token/0x45804880de22913dafe09f4980848ece6ecbaf78,https://explorer.solana.com/address/C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe |
| Supply | 199556 |
| Total | None |
| Market Cap | 530174305.64891195 |
| White Paper | https://www.paxos.com/pax-gold-whitepaper |
| Release Date | 2019-09-05 |
2. Technical Analysis
2.1 Kline Price Chart
2.2 Analysis
The K-line chart analysis suggests a strong upward trend with occasional consolidation phases. The market has been experiencing a series of higher highs and higher lows, indicating a bullish trend. The recent volume has been increasing, which supports the upward momentum. A potential pullback or consolidation is expected after the recent surge, followed by a continuation of the uptrend.
