|Paxos Standard Token||Paxos Standard Token website|
|Brief||Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions.|
|Last updated:||Monday, August 10, 2020 7:00:02AM UTC|
|Crypto Volatility Index (CVIX):||1|
|Current price, USD:||0.999970|
|Market capitalization, USD:||244 944 706|
|Available supply:||244 951 954 PAX|
|Volume 24 hours, USD:||171 181 163|
General PAX facts, technical details and general information about Paxos Standard Token crypto currency
Paxos Standard (PAX) was built so that money can move fast. PAX is a digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. Unlike other crypto assets, PAX is stable. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated. It’s a piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 24/7.
Ethereum is a decentralized blockchain-based ledger that supports smart contracts, and is the most widely-used digital-asset platform. Paxos Standard follows the ERC-20 protocol, which is a standard for smart contracts on the Ethereum blockchain. The ERC-20 standard specifies a set of standard functions to manage transactions and track account balances. Some of the advantages of the Paxos Standard ERC-20 token are listed below:
An open network enables use-cases impossible on a closed network
The crypto-asset space is early in maturation, and initial use cases for PAX will be distinct from future use cases.
Today, Paxos Standard can be used to limit exposure to crypto-asset volatility, to remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets.
In the future, Paxos Standard can be used for consumer payments, offering a stable store of value for those outside the United States that face currencies with unpredictable volatility. If this is your first time purchasing PAX to your wallet (Ex: MyEtherWallet, MetaMask), ensure you have added the Paxos Standard token address.
Customer funds are held in segregated accounts at FDIC-insured, U.S.-domiciled banks.
We list daily Paxos Standard Token historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 01||0.998332||0.994535||1.00||243 613 195|
|Aug 02||0.993818||0.993102||1.01||244 595 638|
|Aug 03||0.998249||0.994761||1.00||245 156 476|
|Aug 04||1.00||0.999512||1.00||244 947 422|
|Aug 05||1.00||1.00||1.00||245 208 744|
|Aug 06||1.00||0.999600||1.00||244 948 080|
|Aug 07||1.00||0.998444||1.00||245 014 193|
|Aug 08||1.00||0.999890||1.00||244 925 052|
|Aug 09||0.998985||0.998985||1.00||245 388 915|
|Aug 10||1.00||0.997858||1.00||244 944 706|
|PAX price change 24 hours||-0.05%|
|PAX price change 7 days||0.24%|
What is even the point of trading PAX? It's a stable coin that people hardly even use and it's usually losing value- not gaining. I just don't see a stable coin's point since it still loses people money in the long run. It would make way more sense...
Ben March 31, 2019 PAX
PAX is still my favorite coin. I've made money just holding it, but it's also really easy to get my money out of crypto. Before the crash in April, I transferred all mhy crypto holdings to PAX, and this saved my portfolio because it actually went up...
Pablo March 14, 2019 PAX
PAXOS is a great Stablecoin. It's a completely regulated and transparent digital dollar. It's audited and regulated by New York's top financial regulators you can't get more legit then that. Tether has nothing on PAXOS, and I don'ï¿½t get how...
Frank February 27, 2019 PAX
Since it is fully provided with dollars, Paxos Standard offers a flexible, digital alternative to cash, which is available around the clock for instant transaction settlement and is fully redeemed....
Zedd December 1, 2018 PAX
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