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PAX Gold (PAXG) Review (9.17/10⭐)

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Pax Gold (PAXG) is becoming increasingly more attractive as a hedge against inflation, while having rather low volatility at the same time. Being an commodity stablecoin, PAXG's value is linked to the price of gold. According to Crypto Lists review, Pax Gold is one of the best commodity backed stablecoins. Learn more about PAXG below.

9.17 rating

Visitor Consensus on PAX Gold Today
Positive: 53.13%Negative: 46.87%
What's your view on PAX Gold today?
›› Buy/Sell PAX Gold here


Pax Gold is a stablecoin crypto asset supported by authentic gold reserves clenched by Pax, a profit known company situated in New York. One troy fine ounce of gold can be redeemed with every PAXG token. The troy fine ounce of gold is reserved in the vaults by PAXG and their associates. Interestingly, its market appraisal is meant to reflect the physical gold it stands for. Pax Gold can be traded for any other crypto asset created on the Ethereum blockchain.


A Bit About PAX Gold

PAX Gold, commonly known as PAXG, is a stablecoin that allows you the tokenised ownership of gold bullions. It is stored in secure Brink’s vaults and gives you the best shot at storing value. Developed as an ERC-20 on the Ethereum blockchain, the cryptocurrency combines the manoeuvrability of digital assets and the value of gold. The crypto was introduced in September 2019 and has made great strides in the market in these few years. Let’s explore the crypto.

Probably the safest way to own gold as crypto. One type of inflation hedge in the crypto world.CryptoLists.com

PAXG is a stablecoin backed by physical gold. It offers investors a low-risk investment with the potential to hedge against inflation and economic distress in the future. The limited supply of tokens ensures that the value of each Pax Gold token will appreciate over time. It is a worthwhile and long term investment, similar to owning a physical gold but without all the hassle of transport and storage. All Pax Gold can be stored in your digital wallet.


Utility of PAX Gold?

There are many reasons that people invest in PAXG, or consider starting to invest. Here are some of the main factors.

PAX Gold could be a Good Store of Value
Gold has been used as a store of value since the earliest civilisations, and PAX Gold continues this tradition. The crypto is backed by one hundred million (100,000,000) grams of gold bullion deposited in one of Brink’s vaults in London.

Although it isn’t possible to physically hold the gold in your hand, it’s easy to store and transfer using PAX Gold. Also, there is a limited number of tokens in circulation at any one time, which ensures that demand for the token increases as more investors take an interest in holding gold. The limited supply means that the value of each token will appreciate over time.

PAX Gold is a Low-Risk Crypto to Invest In
The crypto is backed by physical gold, which means it carries a low risk of hyperinflation compared to traditional cryptos such as Bitcoin. Although the price of gold may change over time, you have a commodity that preserves value and can be bought and sold. The limited supply of PAX Gold means that you can’t simply create more coins and dilute the value.

PAX Gold is a Stable Cryptocurrency
With the gold token being built on the Ethereum blockchain, it delivers stability and compatibility with other ERC-20 tokens, including those for derivatives. This means that you can use the ERC-20 compliant tokens to continue transacting even when other platforms are offline. Additionally, owning PAX Gold represents ownership in gold and is equivalent to having physical bullion stored in Brink’s vaults.

PAX Gold is a Potential Hedge Against Inflation and Economic Distress

As mentioned earlier, the price of gold isn’t driven by speculation or external factors such as inflation or interest rates offered on other currencies. This means that you don’t have to worry about exchange rate fluctuations when storing money in crypto form. PAX Gold could become a potential hedge against inflation and economic distress in the future.

PAX Gold Price details

BSC Contract address: 0x7950865a9140cB519342433146Ed5b40c6F210f7
›› Details & Tokenomics

Advantages of PAX Gold

+ Can be seen as a solid value storage & stablecoin alternative.
+ Easier to store PAXG and also quicker to sell than the physical gold.
+ It's more stable than the majority of other forms of cryptocurrencies.
+ PAX Gold a good option for anyone who wants to diversify their investmen.


- Even though PAXG is stable, it is slightly more volatile than gold.
- PAXG involves small charges passed to users in the form of extra fees.


▪ Rated at 9/10

On-chain transaction costs
Anytime the Ethereum network receives PAXG tokens, a cost of about 0.02% is deducted from the total PAXG amount sent to the blockchain. The users are the ones who pay the on-chain transaction costs (0.02%)

Storage costs
Pax Gold clients can enjoy free storage services as PAXG doesn't charge gold storage.

Destruction and creation costs
Once you purchase or sell PAXG from your account, you will be charged a small amount to conduct the destruction and creation of your tokens.


Reputation and Buzz

▪ Reputation rated at 10/10
▪ Buzz rated at 9/10

In the current crypto market, many investors are experiencing pullbacks and significant corrections in the price of the typical top leading cryptocurrencies. This has forced them to look into other better alternatives like the traditional commodities, gold being one of them.

Crypto investors love Pax Gold as a commodity in the crypto world as it serves as the best successor to the more volatile cryptocurrencies. Additionally, they will not experience the expected inflation of the US dollar.

Interestingly, Pax Gold is is pioneer gold-backed and is wholly controlled digital asset. This makes it one of the best ways individuals can get rid of losses from the common volatile investments when there is a value decrease in the market.

Why? The gold value often experiences economic growth in response to some activities that make the cost of stocks and bonds, which are in paper form investment, lose economic growth.

The cost of gold can be volatile at some point, but this will not significantly impact it. Gold has been in the market for a long time and has held its value. Individuals have used it as a barrier protector from inflation, and this is why many crypto people love it as a commodity in the crypto world as it is worth investing in.



What Blockchain does PAX Gold Use?

PAXG is built on the Ethereum blockchain. The Ethereum blockchain is a public, open-source platform that enables developers to create smart contracts and decentralised applications (dApps). PAX Gold is one of the first cryptocurrencies built on the Ethereum blockchain. This gives the coin the benefit of developer support and wider blockchain compatibility. According to the reviews on the official homepage for PAX Gold, there is a positive outlook on Ethereum as it can meet short-term scaling challenges, which has attracted cryptos to its platform, including PAX Gold.

What is the highest value PAXG has ever had?

On the 6th of August 2020, PAX Gold reached $2087. It was a short-lived glory as the stablecoin turned down once more.

How many tokens are in circulation?

As PAXG is a deflationary currency, the number of tokens from the ICO date continually decreases. The total number of tokens will never exceed the 100,000,000 initially minted.

Who backs up PAX Gold?

Each token is backed by a hundred million (100,000,000) grams in physical gold held in Brink’s vaults. PAX Gold has auditors that monitor the amount of gold each token represents and ensures that no more tokens are minted than what is backed up by gold.

Where is the gold purchased by PAXG sourced from?

As mining for physical gold isn’t economically viable anymore, the gold is sourced from recycled scrap. This means that there is a limited supply and that each token carries an intrinsic value.

How old is PAX Gold?

The project was first announced on the 3rd of May 2017. This makes it one of the oldest tokens to be launched in 2019. It is two years old.

›› Trade PAX Gold here›› Buy/Sell PAX Gold here

Screenshots from PAX Gold

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More sites where to buy/sell/trade PAX Gold

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
›› Buy PAX Gold at CEX
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

PAX Gold details and tokenomics

PAX Gold Ticker: PAXG
BSC Contract address: 0x7950865a9140cB519342433146Ed5b40c6F210f7
ERC20 Contract address: 0x45804880de22913dafe09f4980848ece6ecbaf78
Type of crypto: ethereum-token
Launch/ICO Date: May 3, 2017
Circulating supply: 196,296
Max supply: 196,296
Resources & Social media

Other tokens or coins to check out

Since you are interested in PAX Gold, you may also want to check out the coin(s) or token(s) below?
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    Wednesday, 9 Feb 2022 3:48 am
    One of the most used safe havens for cryptocurrency markets are being discussed today. Yes, we are talking about the future of finance. Lots of different voices have been heard when talking about stablecoins. Stephen Lynch wonder if central bank digital currency (CBDC) could possible reduce the value of stablecoins? Rep. Warren Davidson expressed that the most traded stablecoin - Tether (USDT) - is a time bomb. However, he find USD Coin (USDC) to be highly regulated and a way healthier stablecoin. It seems like bot...
    Read the full newsflash

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