Newsroom

PAX Gold Giveaway on Reddit!

We’re running a giveaway on Reddit for one PAX Gold Token when you guess what the Gold Spot Ask Price will close at the end of next Friday, April 3, 2020 at 5 PM EDT.

Visit our Reddit post to make your guess. The deadline to enter is 5 PM EDT on Tuesday, March 31, 2020. The winner will be contacted via Private Message on Reddit on Monday, April 6, 2020.

A few more rules:

  • One guess per person.
  • Any participant with multiple guesses submitted will be disqualified. 
  • Price must be in the format of $XX.YY.  
  • If there is no winner that guessed the closing ask price of gold, we will select the closest guess. If there are multiple winners that guessed correctly or have the same closest guess, we will choose the first person that guessed correctly by sorting the comments by oldest.
  • The winner must create an account on Paxos.com in order to receive the prize. Additionally, new accounts created during the giveaway will be eligible to receive a consolation prize of 1 gram worth of PAXG. 3 consolation prize winners will be selected randomly by Paxos. 

Feel free to share this giveaway with family & friends! Happy guessing!

We will reference the closing Ask Price of Gold from our website: https://paxos.com/paxgold/

Please note: Due to market hours, the Ask Price of Gold is not displayed on our site from 5-6pm EST each weekday or from Friday 5 pm EDT-Sunday 6 pm EDT.

PAX Gold (PAXG) is a digital token, backed by physical gold.

Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company. 

Company Profile

About Paxos
Paxos is the leading regulated blockchain & tokenization infrastructure platform. It’s redefining financial markets by building prudentially regulated solutions that enable the instant movement of any asset to anyone in a trustworthy way. 

CEO & Co-Founder

Charles Cascarilla is the CEO and co-founder of Paxos, a regulated blockchain infrastructure platform that enables the movement of all assets in a trustworthy way. With more than 20 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012.

Founded
2012

Media Inquiries
[email protected]

Brand
Paxos Brand Resources

Investors
Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital, PayPal Ventures