Proof of Reserves
Third-Party Report: The independent third-party institution certifies that there are 1:1 on-chain reserves for all user assets.
Independent Periodic Verification: Users can verify their own asset data.
Continuous Investment: CryptoGem always provides industry-leading verification solutions to protect asset security and provide further transparency.
CryptoGem Reserve Ratio
Based on data at 2023/06/30 23:59:59 UTC+8.
BTC Reserve Ratio104%
CryptoGem User Assets
19,556.08847029
CryptoGem Wallet Assets
20,273.14808973
ETH Reserve Ratio115%
CryptoGem User Assets
166,389.67121651
CryptoGem Wallet Assets
191,950.63125042
USDT Reserve Ratio105%
CryptoGem User Assets
1,040,315,590.5810603
CryptoGem Wallet Assets
1,089,339,113.21182599
USDC Reserve Ratio104%
CryptoGem User Assets
106,575,761.54511028
CryptoGem Wallet Assets
111,179,900.47629073
Verify Account Assets
User assets registered before the last time of verification are included in the total assets.
Independent Third Party Verification
Last Time of Snapshot: 2022/11/26 UTC+8
Provided by an independent third-party institution.
Periodic Proof of Reserves
Last Time of Snapshot: 2023/06/30 UTC+8
What is PoR (Proof of Reserves)?
PoR is a widely used method to prove custody of assets on the blockchain. This means that CryptoGem has the funds that cover all user assets on our books.
Principle of PoR
The Merkle tree data structure is used to generate and securely encrypt user asset data into a single hash, which serves as a "summary" of all inputted data. The tamper-proof and traceable characteristics of Merkle tree data enables users to easily verify data reliability. Users can verify ownership of on-chain wallet addresses and the total amount of wallet assets. Users can also verify the platform's asset reserves by comparing the total assets of the exchange users with the total assets in the published on-chain wallet addresses.