[PAXG]

PAX Gold

Grade
A
Date of Rating:
June 4th, 2023
Last Change:
-
SMIDGE Scores
[S] Stability
[M] Management
[I] Implementation
[D] Decentralization
[G] Governance
[E] Externals
[S]
0.90
[M]
0.84
[I]
N/A
[D]
0.25
[G]
1.00
[E]
N/A
PAXG Price
Last Update:
14/07/2024 18:00:30
$2404.94
Market Cap
$444,911,037
24h Volume
$6,803,326
Collater­alization
100%
Type of Peg
Fixed - To Commodity
Type of Backing
RWAs
Data provided by Coingecko
SMIDGE Scores
[S] Stability
[M] Management
[I] Implementation
[D] Decentralization
[G] Governance
[E] Externals
[S]
0.90
[M]
0.84
[I]
N/A
[D]
0.25
[G]
1.00
[E]
N/A
Core Team
  • Charles Cascarilla

  • Rich Teo

Native Chains
  • Ethereum

[S]
[M]
[I]
[D]
[G]
[E]
0.90
0.84
0.00
0.25
1.00
0.00
PAX Gold
A
  • Paxos, the issuer of PAXG, is regulated by the NYDFS, and therefore subject to stringent guidelines and monitoring requirements.. 

  • Each PAXG token is backed by 1 fine troy ounce of LBMA-accredited Good Delivery gold stored in highly secure LBMA vaults in London.

  • PAXG is a convenient, cost-effective and safe alternative to other digital gold instruments. Holders have direct ownership over underlying gold reserves 

  • PAXG is one of the safest asset-backed stablecoins. It is suitable for all types of users.

PAX Gold
Stability
Stable
0.90/1
Stable

The Stability factor is evaluated on the following:

1. Reserves Management - Quality, quantity, storage and segregation of reserve assets

2. Market Feedback - Indicators of market's confidence in a stablecoin derived from price and trade data

3. Mechanism - Stabilization methods that protect the stablecoin

PAX Gold
Management
Very Low Risk
0.84/1
Very Low Risk

The Management factor is evaluated on the following:

1. Restrictions - What deterrents exist to prevent key personnel of stablecoin projects from unethical and illegal behavior?

2. Negative Track Record - Have key personnel been involved in scams, frauds or other illegal activities?

PAX Gold
Implementation
Not Assessed
N/A
Not Assessed

This factor aims to assess risks arising from technical implementations – i.e, smart contract code and oracles. It is currently not assessed, but we plan for it to be evaluated in the future.

PAX Gold
Decentralization
High Risk
0.25/1
High Risk

The Decentralization factor is evaluated on the following:

1. Platform Censorship Risk

2. Custodian Risk

3. Type of Collateral

4. Diversified voting Power

5. User Censorship Risk

PAX Gold
Governance
Very Low Risk
1.00/1
Very Low Risk

The Governance factor for asset-backed stablecoins is evaluated on the following:

1. Holder Protection - What rules, statutes or code exist to protect interests of stablecoin holders?

2. Reserves Verification - What checks are done to ensure existence of reserves?

3. Redemptions - Do issuers have transparent and reasonable redemption terms?

PAX Gold
Externals
Not Assessed
N/A
Not Assessed

This factor seeks to incorporate external feedback mechanisms such as market and social sentiment into our internal ratings. It is currently not assessed, but we plan for it to be evaluated in the future.