A 🧵 on #TetherGold $XAUT
#Tether Gold has now issued nearly $200 million (105,549.096) tokens they claim are fully backed by #gold. These $200 million worth of tokens are held by only 345 addresses.
Only 60 addresses hold more than 1 ounce of gold (~$1850).
#Tether Gold has now issued nearly $200 million (105,549.096) tokens they claim are fully backed by #gold. These $200 million worth of tokens are held by only 345 addresses.
Only 60 addresses hold more than 1 ounce of gold (~$1850).
The top five #TetherGold $XAUT addresses hold 94.88% of the total supply.
The top ten addresses hold 98.90% of the total supply.
The top twenty addresses hold 99.97% of the total supply. #Tether
The top ten addresses hold 98.90% of the total supply.
The top twenty addresses hold 99.97% of the total supply. #Tether
#TetherGold $XAUT has had only 381 on chain transfers in its entire history. 😲
#Tether has not been audited and provides no meaningful details about their claimed #gold backing and it's been 145 days since their latest "assurance report".
cryptoresearch.report/crypto-researc…
#Tether has not been audited and provides no meaningful details about their claimed #gold backing and it's been 145 days since their latest "assurance report".
cryptoresearch.report/crypto-researc…
Are the holder and usage statistics for #TetherGold $XAUT believable for a $200 million token?
Whom should you #trust and what can you verify?
Consider what real transparency and proof of backing looks like in comparison with what #Tether provides:
explorer.cache.gold
Whom should you #trust and what can you verify?
Consider what real transparency and proof of backing looks like in comparison with what #Tether provides:
explorer.cache.gold
Also, doesn't anyone know why #Tether changed the contract for $XAUT? To say the announcement is short on details and justifications would be an understatement. The first archive of the announcement is from November 3, 2021.
tether.to/important-chan…
tether.to/important-chan…
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