#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
BURGER proposes to rebrand as SI, $BURGER will be converted to $SI at a 1:1 ratio.
Deep Tide TechFlow news, on February 10th, BurgerCities initiated a new proposal to migrate the BURGER Token to the new SI Token. If approved, the BurgerCities team will implement the new Token economy as planned and distribute rewards to all contributors.
BurgerCities stated that since the successful launch of si.online, the project has undergone significant changes. Transitioning to a new AI-focused ecosystem, updating the brand and Token contract becomes crucial. The current BURGER Token represents BurgerCities, which has caused some confusion in the new SI ecosystem. Transitioning to SI will eliminate this confusion and establish a more cohesive brand image.
BURGER Token will be converted to SI Token at a ratio of 1:1. Each BURGER holder will receive 1 SI Token. This ensures that the annual supply of SI Token remains within the inflation rate range of 6%-12%. The plan includes technical contract upgrades, coordination with key ecosystem partners, and structured communication strategies to ensure a smooth transition. The plan will also involve codebase adjustments and potential Token economics modifications to reflect the new Token structure.