Pax Gold (PAXG) Overview

[Suba]

Pax Gold (PAXG) is a type of stablecoin that runs on the Ethereum blockchain (ERC-20). Pax Gold is pegged to gold 1:1 meaning that every 1 PAXG is guaranteed by 1 troy ounce of LGD gold bar.
Pax Gold (PAXG) was launched in 2019 by the Paxos company based in New York, United States. Currently the price of Pax Gold (PAXG) is $1,986. which can be purchased on CEX and DEX.

 

[uptrendfinancialsignal]

It's true that there are a lot of cryptocurrencies springing up and I've heard about the pax gold several times.

 

[Suba]

It's true that there are a lot of cryptocurrencies springing up and I've heard about the pax gold several times.

I think PAXG is a different crypto from the others besides that its value is pegged to physical gold bullion, whose price will always increase. Pax Gold is licensed and closely supervised by NYDFS. So it is safe to be an investment.

 

[riberet19]

I invested in pax gold a long time ago and I still have a little of this currency in Exodus, it is a currency that is supposed to be backed by physical gold in the vaults of the company paxos trust and is also regulated by an entity in the United States, it gives me confidence to some extent, that is why I invest a little money in it.

 

[Yohanna]

I invested in pax gold a long time ago and I still have a little of this currency in Exodus, it is a currency that is supposed to be backed by physical gold in the vaults of the company paxos trust and is also regulated by an entity in the United States, it gives me confidence to some extent, that is why I invest a little money in it.

It is an investment that is what to try out and that is why it is important to take into consideration this type of investment program.

 

[riberet19]

It is an investment that is what to try out and that is why it is important to take into consideration this type of investment program.

Yes, you can always start accumulating little by little if you are not completely confident of the investment, Pax gold for now remains strong and closely follows the price of gold.

 

[Suba]

It is an investment that is what to try out and that is why it is important to take into consideration this type of investment program.

The scarcity of gold will make the price always go up, even though the price of Pax Gold is around $1,989 but you can buy it in fractions, so it's very affordable if you want to invest while saving and you can store PAXG in all wallets that support ERC-20.

 

[Blessed19]

In the time that paxgold was being launched I had the opportunity to get it at a very low cost but failed to do so as I was just hooked on Bitcoin and LTC.

 

[nomad]

I do not know much about Pax Gold and I am yet to make any investment. However, I think this is one of the most secured crypto for investment. While stablecoin pegged with USD does not give much profit, but stablecoin pegged with gold can give you profits as gold is profitable assets