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Gate.io, a number one crypto alternate and Web3 innovator, has printed its Might 2024 Proof of Reserves (PoR) report, transparently demonstrating a reserve-deposit ratio of 115.34% and a complete reserve worth of $6.49 billion (USD) on the time of completion.
This newest report covers over 209 digital belongings, a rise of 20 for the reason that earlier report, and maintains its place as probably the most intensive of any alternate. Different key knowledge from the report embody:
Gate.io Complete Reserves: $6,492,214,095
Extra Reserves: $863,807,685
Reserve-Deposit Ratio: 115.34%
BTC: 116.55%
ETH: 113.43%
USDT: 105.47%
USDC: 102.65%
Gate.io was one of many first exchanges to decide to PoR in 2020 and has constantly enhanced its reporting strategies since. Its PoR methodology, audited and praised by the main blockchain safety agency Hacken, has additionally been launched as open-source to encourage trade participation. More moderen upgrades, akin to elevated reporting frequency, broader protection, and the introduction of zero-knowledge tech for higher privateness and safety, exhibit the alternate’s dedication to meticulous reporting and transparency.
“We’re happy to share the publication of our Might 2024 Proof of Reserves report, underscoring our unwavering dedication to transparency and accountability. Our dedication to upholding a strong reserve-deposit ratio and increasing our reporting requirements displays our ongoing efforts to make sure the safety and confidence of our customers and the trade,” stated Gate.io Founder and CEO Dr. Lin Han.
Gate.io’s Might 2024 reserves report is out there on its PoR portal. Customers can independently confirm that their accounts and deposits have been mirrored and entry different associated data.
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