Market Cap
24h Vol
2333
Cryptocurrencies
19846
Markets
Paxos Standard Token Rank 38
$1.003809
Paxos Standard Token Rank 38
Website Twitter
193,804,421 PAX

Paxos Standard Token
Paxos Standard Token
PAX

Paxos Standard Token Price
$1.00

Paxos Standard Token 24h Vol
$190,463,840

Paxos Standard Token Market Cap
$194,542,630

24h Vol
16,186 BTC
1 H
0.13 %
24 H
0.22 %
7 d
0.09 %
Today Paxos Standard Token price in US dollars is currently 1.00 USD, and if converted to Bitcoin is 0.00008531 BTC. A total of 16,533 coin's are currently circulating in the Market. Paxos Standard Token prices are currently experiencing a change of 0.22 %, check all cryptocurrency. Over the past 24 hours 1.905 M US dollars Paxos Standard Token has been traded on Crypto Exchanges. Get Paxos Standard Token's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Paxos Standard Token
Symbol
PAX
Algorithm
ETH Token
BTC Price
0.00008531 BTC
BTC Market
16,533 BTC
BTC 24h Vol
16,186 BTC
Total Coins Mined
193,804,421 PAX
1h
0.13 %
24h
0.22 %
7d
0.09 %
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Description

Description


Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. 

Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.

Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable.

Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.

Why Use Paxos Standard:

  • Hold digital assets in PAX to limit exposure to volatility
  • Settle the cash component of digital asset transactions in dollar-equivalent denominations
  • Move between digital assets with ease and lower fees
  • Settle transactions outside of traditional banking hours
  • Transact internationally more efficiently
Full Name Paxos Standard (PAX)
Start Date 2018-10-09
Algorithm ETH Token
Proof Type PoW
Website https://www.paxos.com/standard/
Twitter @PaxosGlobal
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 193,804,421 PAX
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
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