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Paxos Standard Price, News and Analysis (PAX)

$0.9997
-0.0029 (-0.29%)
(As of 01/20/2021 11:04 AM ET)
Add
1-Hour Price Change -0.31%
1-Day Price Change -0.29%
7-Day Price Change +0.28%
1-Day Volume$148.19 million
Market Cap$244.88 million
BTC Price0.00002932 BTC
Circulating Supply244.95 million
Total Supply249.95 million
Maximum SupplyN/A

About Paxos Standard (PAX)

Currency Details

Name Paxos Standard
SymbolPAX
Market Capitalization$244.88 million
Coin or TokenCoin
AlgorithmETH Token
Proof TypePoW
Genesis Date9/10/2018
Mineable?No

Official Links

Official Websitepaxos.comstandard
Official Website (Alt)N/A
BitcoinTalk AnnouncementN/A
Twitter Account@
Facebook PageView
Github AccountView

Community Discussion

Reddit Community
Telegram GroupN/A
Discord GroupN/A
Message Board (Alt)N/A

Research Tools

Blockchain Exploreretherscan.io
Blockchain Explorer (Alt)etherscan.io
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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Paxos Standard (PAX) Frequently Asked Questions

What is Paxos Standard?

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 volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently (Description provided by CryptoCompare)

How do I buy Paxos Standard?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Paxos Standard.

Where can I get Paxos Standard wallet?

Paxos Standard produces its own wallet software that is available for download on its website, which allows you to store Paxos Standard on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Paxos Standard?

One Paxos Standard (PAX) is currently worth $1.00 on major cryptocurrency exchanges. You can also exchange one Paxos Standard for 0.00002932 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Paxos Standard in U.S. dollars is $244.88 million.

What hashing algorithm does Paxos Standard use?

Paxos Standard is a proof of work (PoW) coin that uses the ETH Token algorithm.

How do I mine Paxos Standard?

Paxos Standard can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Paxos Standard and access to a mining pool that pools your effort with other miners and a wallet to store the Paxos Standard that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What coins are similar to Paxos Standard?

The following coins use Paxos Standard's ETH Token algorithm and proof of work (PoW) proof-type: SOLVE, Ripio Credit Network, Carry, Project Pai, HoryouToken, Amoveo, Smartshare, Origin Sport, Vezt, MIB Coin, POPCHAIN, MARK.SPACE, WITChain, BitClave and Leading Coins 4 Entrepreneur.

What is the Reddit page for Paxos Standard?

The official Reddit community (subreddit) for Paxos Standard is


MarketBeat Community Rating for Paxos Standard (PAX)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  167 (Vote Outperform)
Underperform Votes:  172 (Vote Underperform)
Total Votes:  339
MarketBeat's community ratings are surveys of what our community members think about Paxos Standard and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

Paxos Standard (PAX) Price Chart for Wednesday, January, 20, 2021

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Google Trends

Paxos Standard (PAX) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Paxos Standard. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Paxos Standard Coin" over the last 90 days.



Paxos Standard (PAX) Website Traffic

Paxos Standard (PAX) Social Media Trends

Headlines

Paxos Standard (PAX) News Headlines

SourceHeadline
Chainlink (LINK) Registers New All-Time High Above $22 After Paxos Partnership, Whale Activity HighChainlink (LINK) Registers New All-Time High Above $22 After Paxos Partnership, Whale Activity High
coingape.com - January 16 at 8:03 AM
Paxos Makes Fresh Push for DeFi Market With New Oracle IntegrationPaxos Makes Fresh Push for DeFi Market With New Oracle Integration
coindesk.com - January 14 at 12:36 PM

Social Media Mentions

Paxos Standard (PAX) Reddit Feed


This page was last updated on 1/20/2021 by MarketBeat.com Staff

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