The number of CACHE Gold tokens outstanding represents the total number of CACHE Gold tokens minted. This can be verified on the Ethereum blockchain.
CACHE in circulation represents the total number of CACHE Gold tokens circulating in the general public. Each CACHE Gold token in circulation must be backed by one gram of pure gold. CACHE in circulation can be calculated by subtracting the number of tokens in the CACHE Unbacked Treasury address from the total number of CACHE Gold tokens outstanding. The CACHE Unbacked Treasury address holds tokens that have been redeemed. The CACHE Gold smart contracts and CACHE Token Governor prohibit the transfer of unbacked tokens until new gold is deposited in the vault and locked to back the tokens.
CACHE Locked Gold represents gold that backs CACHE Gold tokens. CACHE Locked Gold cannot be unlocked or removed from the vaults unless an equivalent amount of CACHE Gold tokens are redeemed. The current supply of CACHE Locked Gold is always visible on the CACHE Explorer.
| Audited By | Vault | Location | Date | Audit |
|---|---|---|---|---|
| Bureau Veritas | IDS Dallas (IDS_DFW1) | Dallas, US | Nov 19, 2021 | Download |
| Bureau Veritas | The Safe House (TSH_SIN1) | Singapore | Nov 18, 2021 | Download |
| Bureau Veritas | Loomis (LoomSWZ1) | Zurich, CH | Dec 3, 2021 | Download |
CACHE uses GramChain® asset tracking and Chainlink Proof of Reserve (PoR) to guarantee 100% gold backing and to facilitate physical redemption on demand. GramChain® tracks events at the origin and enforces immutable transparency so that any error or omission will be permanently and publicly visible. This level of transparency enforces operational excellence. GramChain's technology allows anyone to audit CACHE Gold's physical backing at any time, 24/7. The only prerequisites to perform an audit are a web browser, an internet connection and basic elementary school level math skills.