Paxos Standard
Monthly Returns heatmap
Heatmap summary
Paxos Standard posted 19 positive months out of 36. The longest positive streak lasted 3 months, while the longest negative streak lasted 3 months.
- Strongest month
- Jun 2019 +0.9%
- Weakest month
- Dec 2018 -1.6%
- Longest positive streak
- 3 Oct 2019 — Dec 2019
- Longest negative streak
- 3 Jan 2020 — Mar 2020
- Luckiest calendar month
- Jun • avg 0.3% • 3 mo.
- Unluckiest calendar month
- Dec • avg -0.4% • 3 mo.
Networks
Supported exchanges
About the coin
Paxos Standard (PAX) is a digital asset that operates on the BNB Smart Chain. It is deployed as a token adhering to the BEP-20 standard.
The Paxos Standard is designed to represent a stable value, aiming to maintain a peg to a specific fiat currency. This stablecoin characteristic is intended to offer a digital representation of traditional currency within the blockchain ecosystem.
The project behind Paxos Standard focuses on providing a reliable and regulated digital asset. The goal is to facilitate transactions and provide a store of value that mitigates the volatility often associated with other cryptocurrencies.
Paxos Standard is built on the BNB Smart Chain, a blockchain platform known for its speed and low transaction fees. This integration allows PAX to leverage the capabilities of the BNB Smart Chain network.
As a BEP-20 token, Paxos Standard is compatible with a wide range of decentralized applications (dApps) and wallets that support this standard on the BNB Smart Chain.
The contract address for Paxos Standard on BNB Smart Chain is provided for verification and integration purposes. This address serves as the unique identifier for the PAX token on this particular blockchain.
The token has 18 decimal places, which is a common configuration for tokens on many blockchain networks, allowing for granular divisions of the asset.
The status of Paxos Standard is active, indicating that it is currently operational and available for use within its ecosystem.
The underlying technology of Paxos Standard aims to ensure transparency and security in its operations. The design emphasizes compliance and regulatory adherence.
The utility of Paxos Standard extends to various use cases within the crypto space, including trading, remittances, and as a medium of exchange where price stability is desired.
Developers and users can interact with Paxos Standard through its smart contract on the BNB Smart Chain. This allows for programmatic interaction and integration into various financial instruments and platforms.
The stable nature of Paxos Standard makes it a useful tool for navigating the often volatile cryptocurrency markets. It can serve as a temporary holding place for value or as a means to conduct transactions without significant price fluctuations.
The project's commitment to regulation and compliance is a key aspect of its positioning in the digital asset market.
Paxos Standard's presence on the BNB Smart Chain offers users an alternative to other blockchain networks for utilizing a stablecoin.
Further technical details and specifications can be found by referencing the contract address on blockchain explorers for the BNB Smart Chain.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.