He Yi has made the proof-of-reserves terms crystal clear
Ten tokens get full backing first
BTC, ETH, USDT, BNB, SOL
USDC, XRP, USD1, RLUSD, ZEC
Users holding these coins
can verify they are backed at least 1:1
once the full zero-knowledge proof of reserves is released
The company has also allocated about $6.34 billion to the user fund pool
This isn’t just verbal reassurance
The books already show mainstream positions being backed
Once the other low-liquidity altcoins are added
another round of proof will be released
The snapshot was taken at 08:00 UTC+8 on October 31
The full version is expected around November 3
Over the next few days
don’t get thrown off by old takes like “customer assets aren’t the same as a PoR snapshot”
A snapshot is a point in time
Backfilling is a process
You need to consider both
Practical reminders
First, check whether your holdings are among these ten fully backed coins
Wait for the next proof round for your altcoin holdings
For withdrawals, follow the list of networks officially supported
Don’t believe the oversimplified version in group chats that “everything is already backed 1:1”
$BTC $BNB
#ProofOfReserves #PoR
Ten tokens get full backing first
BTC, ETH, USDT, BNB, SOL
USDC, XRP, USD1, RLUSD, ZEC
Users holding these coins
can verify they are backed at least 1:1
once the full zero-knowledge proof of reserves is released
The company has also allocated about $6.34 billion to the user fund pool
This isn’t just verbal reassurance
The books already show mainstream positions being backed
Once the other low-liquidity altcoins are added
another round of proof will be released
The snapshot was taken at 08:00 UTC+8 on October 31
The full version is expected around November 3
Over the next few days
don’t get thrown off by old takes like “customer assets aren’t the same as a PoR snapshot”
A snapshot is a point in time
Backfilling is a process
You need to consider both
Practical reminders
First, check whether your holdings are among these ten fully backed coins
Wait for the next proof round for your altcoin holdings
For withdrawals, follow the list of networks officially supported
Don’t believe the oversimplified version in group chats that “everything is already backed 1:1”
$BTC $BNB
#ProofOfReserves #PoR