PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.
PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.
At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.
Use this mobile responsive widget to display live PAX Gold ticker prices and historical PAXG line chart data, on your website.
This PAX Gold widget displays:
By default, this widget displays live charts and prices based on PAXG to USD exchange rates. That said, you can select any fiat or cryptocurrency to be the widget's quote currency. For example, it's possible to quote prices for PAXG/CNY (Chinese Yuan), PAXG/JPY (Japanese Yen), or PAXG/EUR (European Euro) trading pairs.
Setup instructions are as follows:
That's it. You can now offer your visitors live PAX Gold price quotes denominated in your quote currency of choice. (Note: you can embed multiple widgets on your page).
If you have any support issues, feature requests, or comments we'd love to hear from you on our forums.