As of August 8: ✅ Total reserve amount: 12.02 billion USD ✅ Total Reserve Ratio: 123.98% ✅ Excess reserve: 2.32 billion USD Besides $BTC, $ETH, and $USDT, the asset reserve ratios of $GT, $DOGE, and $XRP all exceed the 100% reserve benchmark📈 Continuously redeem the long-term commitment to user asset security and platform transparency. What is 100% reserve? On centralized trading platforms, each user's assets are recorded through ledgers in the database. How to securely prove that the platform has properly safeguarded all users' assets is a self-evident challenge. Gate stores the hash values of each user's account assets in the leaf nodes of the Merkle tree. Everyone can audit the total amount of user assets stored in the leaf nodes of the Merkle tree through a third-party organization with auditing qualifications, verifying whether their funds are included in the asset Merkle tree. If the total amount verified ≥ 100%, it proves that the platform has safely preserved user funds, meaning the platform provides 100% reserves for the corresponding assets. Why is 100% reserve so important? The platform provides 100% reserves. The platform has sufficient capital reserves. Enhance user trust level Effectively safeguard user asset security 100% asset centralized withdrawal
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#Gate 8月储备金报告出炉 Gate announced the August reserve report 📊
As of August 8:
✅ Total reserve amount: 12.02 billion USD
✅ Total Reserve Ratio: 123.98%
✅ Excess reserve: 2.32 billion USD
Besides $BTC, $ETH, and $USDT, the asset reserve ratios of $GT, $DOGE, and $XRP all exceed the 100% reserve benchmark📈
Continuously redeem the long-term commitment to user asset security and platform transparency.
What is 100% reserve?
On centralized trading platforms, each user's assets are recorded through ledgers in the database. How to securely prove that the platform has properly safeguarded all users' assets is a self-evident challenge.
Gate stores the hash values of each user's account assets in the leaf nodes of the Merkle tree. Everyone can audit the total amount of user assets stored in the leaf nodes of the Merkle tree through a third-party organization with auditing qualifications, verifying whether their funds are included in the asset Merkle tree.
If the total amount verified ≥ 100%, it proves that the platform has safely preserved user funds, meaning the platform provides 100% reserves for the corresponding assets.
Why is 100% reserve so important?
The platform provides 100% reserves.
The platform has sufficient capital reserves.
Enhance user trust level
Effectively safeguard user asset security
100% asset centralized withdrawal