As a leading global BRC20 trading platform, Gate takes responsibility to ensure the security of user assets. We are pleased to announce the latest 100% proof of reserves for BRC20 tokens. This innovative security measure aims to safeguard each supported BRC20 token through a highly comprehensive and transparent reserve fund initiative.
The latest reserve proof indicates that as of December 5, 2023, 10:00:00, Gate holds reserve ratios exceeding 100% for assets such as BTC, ORDI, SATS, and RATS. This means that the reserve quantity held exceeds the total user holdings, ensuring the integrity and security of assets.
Here are the latest reserve proof details for BRC20 tokens:
Snapshot Time: December 5, 2023, 10:00:00
Currency: BTC
User Holdings: 14,263
Platform Reserve: 17,481
Reserve Ratio: 122.56%
Currency: ORDI
User Holdings: 840,666
Platform Reserve: 924,090
Reserve Ratio: 109.9%
Currency: SATS
User Holdings: 233,869,204,508,260
Platform Reserve: 234,087,521,473,900
Reserve Ratio: 100.0933%
Currency: RATS
User Holdings: 220,218,176,909
Platform Reserve: 223,386,918,866
Reserve Ratio: 101.4%
Currency: MAJO
User Holdings: 19,063,910
Platform Reserve: 19,249,909
Reserve Ratio: 100.97%
Currency: TRAC
User Holdings: 3,447,812
Platform Reserve: 3,501,431
Reserve Ratio: 101.555%
Currency: VMPX
User Holdings: 47,209,357
Platform Reserve: 47,723,555
Reserve Ratio: 101.089%
Currency: NALS
User Holdings: 7,585,737
Platform Reserve: 7,604,587
Reserve Ratio: 100.2484%
Currency: CSAS
User Holdings: 264,796,732
Platform Reserve: 265,333,500
Reserve Ratio: 100.2027%
Currency: PEPEBRC
User Holdings: 7,284,892
Platform Reserve: 7,413,084
Reserve Ratio: 101.7596%
Currency: PIZABRC
User Holdings: 6,873,010
Platform Reserve: 6,949,430
Reserve Ratio: 101.1118%
Currency: MUBI(ERC20+BRC20)
User Holdings: 46,453,559
Platform Reserve: 46,511,746
Reserve Ratio: 100.1252%
The BRC20 token protocol based on the Bitcoin network's Ordinals protocol has become a hot topic in the industry. Gate, with its industry-leading technical foundation, offers BRC20 token wallet services, distribution services, trading services, and withdrawal transfer services, contributing to the sustainable development of the BRC20 ecosystem. We are committed to nurturing mutually beneficial cooperation to shape a healthier, more prosperous BRC20 community together.
Gate's innovative 100% proof of reserves solution uses advanced technologies such as Merkle Tree verification, open-source code, and zero-knowledge proofs, giving users a higher level of security. Gate is among the first exchanges globally to support a 100% proof of reserves. We understand the urgent need for asset security, and with 100% proof of reserves, we comprehensively ensure the security of each supported BRC20 token.
In addition, after deducting the 100% proof of reserve for each currency, Gate's wallet still maintains a balance of 400 million USDT. This initiative is crucial for safeguarding user rights, demonstrating the platform's asset abundance, effectively reducing risks for users trading and storing assets on Gate, reflecting the platform's robust financial condition, and ensuring the security and reliability of user transactions and fund storage.
With Gate's 100% proof of reserves, we invite users to trade BRC20 tokens on Gate with confidence and benefit from a variety of BRC20 services. Thank you for your trust and support in Gate. We will continue to strive to provide our users with world class services.
Gate Team
December 5, 2023
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December 5th, 2023
