#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
Moongate announces the launch of the native Token MGT Token
ChainCatcher news, Moongate announced the launch of the native Token MGT Token. The protocol will distribute a part of the total supply of MGT through community Airdrop, Snapshot taken on November 15, 2024. Moongate has raised a total of over $5.2 million in funding. This funding includes investments from CMCC Global, Cogitent Ventures, and Token Bay Capital.