Project Safety Score: 89%
Updated 9 minutes agoPAX Gold (PAXG) is an asset-backed token designed to represent one fine troy ounce of a London Good Delivery gold bar, which is stored in professional vaults. Ownership of PAXG provides rights to the gold held by Paxos Trust Company, with the token's value being directly linked to the current market price of the underlying gold.
PAXG enables fractional ownership of physical gold while offering the mobility of a digital asset. Users can convert tokens into allocated or unallocated gold as well as fiat currency, aiming to minimize settlement risks. PAXG is available for trading on the itBit exchange operated by Paxos and other crypto-asset platforms. Holders can access details about their gold by entering their Ethereum wallet address into the provided lookup tool.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Bridge safety score 89 out of 100. This indicates a robust standing in terms of safety concerning bridging functionalities. With a market capitalization of approximately $2.2 billion, the project demonstrates significant market engagement. Additionally, there have been no recorded incidents related to the bridge, which is indicative of a well-maintained protocol and a lower risk for users engaging with the asset.
In terms of social presence, the project has verified accounts on platforms like Facebook and Twitter. While audience data for these accounts is limited, the existence of these verified accounts suggests an engagement with the community and an intention to maintain active communication channels.
Despite these positive indicators, it's important to remember that all cryptocurrency investments come with inherent risks. Market volatility, regulatory changes, and technological vulnerabilities can impact the value and security of assets like PAX Gold, so due diligence is essential for potential investors.
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Prior: Paxos Standard (PAX)CEO of Paxos Trust Company, overseeing PAXG and other blockchain-based financial products. ([coinmarketcap.com](https://coinmarketcap.com/currencies/pax-gold/?utm_source=openai))
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CertiK conducted a security audit of PAX Gold, assessing its smart contract code and overall security posture. ([skynet.certik.com](https://skynet.certik.com/projects/pax-gold?utm_source=openai))
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NYDFS 2019-09-01Regulated ↗
- ✓Regulated by NYDFS, ensuring compliance with U.S. financial regulations. ([coinclear.io](https://coinclear.io/stablecoins/pax-gold?utm_source=openai))
- ✓Regular independent audits by reputable firms like KPMG. ([paxos.com](https://www.paxos.com/paxg-transparency?utm_source=openai))
Price Chart - PAX Gold
Contract Security
0x45804880de22913da…On-Chain Facts
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0xf977814e90da44bfa…22.96% -
0xd2dd7b597fd2435b6…3.05% -
0x7d766b06e7164be41…2.33% -
0x3eba306b6fc21d8d0…1.61% -
0x7dafba1d69f6c01ae…1.36% -
0x6bb0aa2a89f84dea0…1.24% -
0x073f564419b625a45…1.18% -
0x5b59f901f9eff61b6…1.09% -
0x264bd8291fae1d75d…1.01% -
0x3da1f058f69ca6fe9…0.98%
PAX Gold Exchanges
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Technical Analysis
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