🧵Transparency and Proof of Reserve of #Gold Backed Tokens
CACHE Gold $CGT (current) - explorer.cache.gold + @chainlink Proof of Reserve data.chain.link/ethereum/mainn…
PAX Gold $PAXG (43 days outdated) - 5 page "Attestation report" to cover $600+ million - paxos.com/attestations/
Tether Gold $XAUT (133 days outdated) - 4 page "Attestation report" covering more than $80 billion in assets, just a few paragraphs are dedicated to $XAUT the 246,524.33 ($450+ million USD) ounces of #gold #Tether claims to hold
tether.to/en/transparenc…
. @kinesismoney (534 days outdated) - #Kinesis promised to deliver audits twice per year but has failed to provide any audits for 534 days and counting. They have not provided any explanation for the lack of audits other than "#COVID" has prevented it.
kinesis.money/audits/
CACHE Gold had no trouble scheduling and completing audits within 30 days in Dallas, Singapore and Zurich in Q4 2021. These audits proved the integrity of #GramChain real-time physical asset tracking.
Why are these other companies unable to provide timely audits or better a full list of bars backing their tokens including photographs, serial numbers, purity, refiner, gross weight and a fully history of the bars movements in and out of their systems?
Demand more.
Any thoughts @Bitfinexed, @CryptoCriticPod, @Frances_Coppola, @CryptoCriticPod, @BennettTomlin @CasPiancey, @FUDLetter, @davidgerard, @ahcastor?
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