PAX Gold
PAXG
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
PAXG Overall Evaluation
PAX Gold (PAXG) is a well-regulated, on-chain tokenization of physical gold backed 1:1 by LBMA Good Delivery bars. With strong security, clear proof-of-reserves, and deep DeFi integrations, it offers a reliable digital gold exposure. However, active development and community engagement remain minimal, and centralization risk is high due to reliance on Paxos Trust Company.
Pros:
- High security and regulatory oversight (NYDFS–regulated, monthly attestations)
- Transparent tokenomics with on-demand mint/burn tied to physical gold
- Strong use cases for hedging, portfolio diversification, and DeFi collateral
Cons:
- Low public development activity and scarce open-source collaboration
- Moderate community support with limited grassroots engagement
- Centralized governance; no on-chain voting or protocol upgrades
Conclusion: PAXG is a conservative, asset-backed token ideal for stable gold exposure on blockchain, but carries counterparty and centralization risks.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About PAX Gold (PAXG)
PAX Gold (PAXG)
PAX Gold (PAXG) is a tokenized digital representation of physical gold. Each PAXG token is backed by one fine troy ounce of London Good Delivery gold bar held in professional vaults.
Key Features
- Asset-Backed: Each PAXG token corresponds to one troy ounce of 99.9% pure gold.
- ERC-20 Standard: Built on the Ethereum blockchain for seamless transfers and integration.
- Regulated Issuer: Issued by Paxos Trust Company, with regular third-party audits of gold reserves.
- Redeemable: Token holders can redeem PAXG for physical gold or fiat currency through approved partners.
- Transparent: Real-time proof of reserves and on-chain verification.
Technical Details
- Symbol: PAXG
- Blockchain: Ethereum (ERC-20)
- Backing Asset: London Good Delivery gold bars stored in secured vaults
Use Cases
- Efficient transfer of gold ownership on blockchain networks
- Portfolio diversification with a digital gold asset
- Programmable gold in DeFi protocols
PAX Gold bridges the physical gold market with blockchain technology, offering tokenized access to one of the world’s oldest assets.
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