Paxos Standard (PAX)

stablecoin
eth token
#34

Marketcap Ranking

1.012835 (0.24%) arrow_drop_up

Market Price (24h change)

229,357,681

Total Market Cap

2.2

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info_outline What is Paxos Standard

3.7

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Short Description

Paxos Standard is regulated crypto asset. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions. Paxos Standard (PAX) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.

There is no technology description for Paxos Standard yet.

We can not provide any looks into the future for Paxos Standard yet.

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Introduction Video

Stablecoins Explained For Dummies! (Overview Of Cryptocurrency Stablecoins) | Bitcoin for Beginners

Stablecoins are an important part of the crypto world since they provide much needed stability and protection against the currently volatile nature of ...

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Screenshot from Website

paxos.com
PAX Websitemore_vert

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Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of paxos.com owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Mail: registrar-abuse@amazon.com
Creation date: 2002-09-07
Expiration date: 2020-09-07
Nameserver: NS-1193.AWSDNS-21.ORG

attach_money Product Analysis

4.4

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Whitepaper

Paxos Standard is regulated crypto asset. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions. Paxos Standard (PAX) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.


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Close Competitors

  • 1.) Tether

    Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance. Currently Tether operates on a several blockchain platforms: Omni, Ethereum, TRON, Algorand, EOS.

  • 2.) Dai

    Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

  • 3.) TrueUSD

    TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.

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Product analysis

The exact founding date of Paxos Standard is unfortunately not that clear. never released their source code, which makes it an intransparent and hidden project with no guarantee that their product works or is being developed.
Organization wise, Paxos Standards Development is Centralized and is being developed under the lead of Charles Cascarilla.

The consensus on which the Paxos Standard network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Paxos Standard currently is On-going development

group Community Analysis

1.7

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Communities & Events

There is no official PAX-subreddit yet

view_list Subreddit
person Subscribers
directions_run Active Users
create Daily Posts
speaker_notes Daily Comments
linkOpen Subreddit

There is no official Telegram Channel for PAX yet

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person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Paxos Standard

view_list @PaxosStandard Channel
person 2,315 Followers
11.15.2019
22:07
$PAX all-time trading volume has exceeded $72 billion as of last week. Check out the $PAX weekly metrics for details. https://t.co/9bC1qwAA1b 5 favorite
11.14.2019
18:53
Our October $PAX attestation from @withum is out! The total $PAX supply is $247,877,299.32 and Paxos is holding $247,877,299.32 in reserve. Check it out here https://t.co/uorPjGn8Aq https://t.co/BxxRWjxEWW 5 favorite
11.13.2019
21:17
Our Stablecoin Swap API solution for all Paxos-powered stablecoins we can easily swap one stablecoin for another without fees. https://t.co/455BdQ8R3a 14 favorite
11.08.2019
21:23
$PAX total transaction volume has passed $70 billion. We're the most liquid regulated stablecoin and we're growing more every week! https://t.co/dAth72QUYp 15 favorite
10.31.2019
16:38
$PAX weekly metrics from last week. Weekly transaction volume exceeded $2.9 billion! See the details here https://t.co/TI2f4aPtLm 4 favorite
10.24.2019
13:54
$PAX weekly metrics from last week. Weekly transaction volume exceeded $2.7 billion! See the details here. https://t.co/5VBLUzkSe8 5 favorite
10.16.2019
15:14
$PAX weekly metrics from last week. A total issuance of $1,320,335,139! See the details here https://t.co/xRbwIO3MCO 9 favorite
10.11.2019
15:16
$PAX all-time trading volume has exceeded $60 billion as of last week. Check out the $PAX weekly metrics for details. https://t.co/ev2nyDqtUj 8 favorite
10.09.2019
21:35
Our September $PAX attestation from @WithumCPA is out! The total $PAX supply is $255,103,618.88 and Paxos is holding $255,103,618.88 in reserve. Check it out here https://t.co/uorPjGn8Aq. 6 favorite
09.27.2019
08:17
It’s been another big week! Our $PAX weekly metrics show a trading volume of more than $2.39 billion and a market cap of more than $228 million! #stablecoin https://t.co/g2QHflib6G 8 favorite

There are no events for Paxos Standard in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in Paxos Standard relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

1.0

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Github Analysis


Paxos Standard is not open source and can therefore not be analyzed. This will automatically give Paxos Standard a rating of 1 as a penalty for not being open-source.

attach_money Price Analysis

3.9

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Price Prediction

$ 1.009013 (-0.14%) arrow_drop_down

Predicted USD Market Price in 24h

$ 1.014565 (0.41%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter PAX - USD

Convert between PAX and USD with the live Paxos Standard prices, aggregated from all big exchanges that trade Paxos Standard.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.3

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Paxos Standard.


supervisor_accountSocial Network Links

Members (12)

Charles Cascarilla

Ceo & co-founder

Sheila Bair

Board director

Bill Bradley

Board director

Robert Herz

Board director

Jim Manzi

Board director

Andrew Chang

Coo

Duncan Niederauer

Board director

Rachel Nelson

General counsel and chief compliance officer

Rajesh Nair

Vp of engineering

Bharath Jayaraman

Vp of people

Marisa Goldberg

Head of talent

Jake Skinner

Strategic initiatives

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance PAX/BTC $ 1.012298 $ 2,113,776 check
# 2 Binance PAX/USDT $ 1.013128 $ 1,585,670 check
# 3 Binance PAX/ETH $ 1.011891 $ 229,384 check
# 4 Binance PAX/TRX $ 1.013272 $ 103,119 check
# 5 Binance PAX/BNB $ 1.017118 $ 71,586 check
# 6 Binance PAX/USDC $ 1.014710 $ 39,495 check
# 7 Binance PAX/TUSD $ 1.013070 $ 31,760 check
# 8 Binance PAX/BCH $ 1.014322 $ 24,580 check
# 9 Binance PAX/XRP $ 1.012258 $ 23,707 check
# 10 Bittrex PAX/BTC $ 1.011287 $ 15,317 check

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