#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Sophon(SOPH) staking Mining will log in to Gate Launchpool, staking GT, BTC or SOPH can earn 2.4 million SOPH
According to the Gate News bot message, the official announcement from Gate on May 28, 2025:
Gate will launch the Sophon ( token mining activity on Launchpool from May 29, 2025, 20:00 to June 8, 20:00 ) UTC+8. Users can stake GT, BTC, or SOPH to earn SOPH token rewards, with a total of 24,000,000 SOPH tokens to be distributed during the event.
Sophon is a platform dedicated to monetizing user data through everyday consumer products and providing rewards, aimed at cultivating the next generation of cryptocurrency users. The platform focuses on developing practical blockchain applications to lower the barriers to entry for traditional cryptocurrency usage.
Rewards will be distributed to users' spot accounts every hour based on the proportion of the user's staked assets, and VIP5 and above users can enjoy a maximum staking limit bonus of 500%. According to the announcement, Gate Labs did not participate in the investment of the Sophon (SOPH) project.
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