What is PAX Gold?
Paxos trust company launched digitalized asset version of physical gold of best quality i.e. PAX Gold. The Digital Gold platform where there will be no custody will be charges and no limit on holding asset with instant settlement. The project believes to solve traditional fundamental contradiction of gold market, so digital gold can be easily trade, divide, leverage and move their owning at instantly.
PAX Gold gives access for crypto assets and provide flexibility in owning gold, as considering world transforming into digitalized world. PAX Gold is trusted and custody by New York Stake department of financial service. The PAXG is full backed allocated gold that held in United Kingdom based Vault. The transferring PAXG is cheaper, highly secure and 24*7 instant transferable uses Ethereum Blockchain for operation.
PAXG is first ever regulated Gold Token held in custody on the behalf of Paxos Trust company. However, Token is Redeemable at anytime for LBMA-accredited Good Delivery gold Bullion bars. However, it also supports small amount gold redeemed from gold retailer around the globe. the only restriction on platform is user need to buy at least $15 USD worth PAX Gold Token.
PAX Gold Price Prediction
|Month & Year||PAXG Price Prediction|
PAX Gold Overview
|Project name||PAX Gold|
|Total Supply||27,897 PAXG|
|Based on||Digitized GOLD|
|All-time high||$3,487.68 USD|
|Exchange Platform||Kraken, FTX, Bithumb, Probit Exchange, HitBTC, Triv Pro, Virtuse Exchange, Uniswap V2.|
|Wallet||Guarda Wallet, imToken, Trust Wallet|
|Partner||Swissborg, Nexo, Mercado Bitcoin, SALT, Galaxy Digital, Brinks, Genesis, itBit, StoneX.|
PAX Gold Price Analysis
Soon Pax Gold will complete its 1st year coming October 2020 in cryptocurrency world. Unlike other altcoins PAXG has very high value starting from its ICO days. Value of 1 Pax Gold was around $1500 USD from day 1. Although there is a slow growth in price of PAXG, but it is steady. Investors of PAXG should be happy to have positive ROI of around 35% which is way higher than normal stock market returns or saving bank interest per annum. Looking at past performance and current trends in crypto market, it looks like Pax Gold will continue to grow slow but steady.
Will PAXG hit $5000 USD?
Yes Possible, expected after 2 to 3 years.
How much PAXG will be worth in 5 years?
Probably worth $6k USD
How Much PAXG Worth in 2030?
Probably worth $10k USD
Is PAX Gold a Good Investment?
Yes, it similar like you holding GOLD.
Paxos was founded in 2012, who aim to change infrastructure Finance by developing innovative product and technology. Paxos was launched itBit Exchange in Singapore for asset movement. In 2015, Paxos become trust partner with NYSDF to launch crypto based Services. So, Pax Gold will be handled by Paxos company that already stacked with innovative technology and also expecting more changes in Gold holdings. PAX Gold already solved many existing problem of Gold Finance.