What is Proof of Reserve? And why is it important?
Proof of Reserves (PoR) is an auditing technique used to confirm assets on hand. At ComTech Gold, reputed auditing firms conduct regular audits to match the outstanding supply of CGO tokens ensuring that the reserve of physical gold exactly matches the outstanding supply of CGO tokens. These reports are readily available on ComTech gold?website?to maintain full transparency. (Transparency Report). (As of 3rd January 2023, 124 KG of gold in reserve.)
Comtech Gold (CGO) has combined the benefits of gold with the?advantages of blockchain by issuing standardized digital gold backed by 100% physical gold, built on XDC Network and Shariah Compliant. Each gold bar is backed by a DMCC Tradeflow warrant, providing additional security, transparency, and real-asset allocation provided by the Tradeflow warrant.
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