Proof Of Reserve
AUS & AGS have a publicly verifiable token supply, account balances, and on-chain procedures - giving us full Proof of Reserve.
Upon physical metals being secured in Reserve Vault, the bars (weight, brand, serial number) are entered into the database.
The minting software reads that database and mints the new tokens corresponding to that metal added and updates the database with the TXID for each bar.
Last modified 3mo ago