My Framer Site

Proof of Reserves for Piggy

Last updated on September 25, 2023

At Piggy, we are committed to transparency and security in managing your savings. Our Proof of Reserves (PoR) process ensures that every user’s funds are fully backed by liquid assets, providing peace of mind and full transparency.

Very your funds

View our PoR report

1. What is Proof of Reserves?

Proof of Reserves is a method that ensures that all deposits made by users on the Piggy platform are fully backed by real assets. This provides transparency and security in the management of user funds, ensuring that every dollar you deposit is fully available.

2. Why is Proof of Reserves Important?

In today´s financial landscape, trust is essential. Our Proof of Reserves Policy guarantees that Piggy always has the assets available to cover 100% of users´ deposits. This commitment to transparency helps build trust between Piggy and our users by ensuring that their savings are always secure and accessible.

3. How Proof of Reserves Works at Piggy

Third-Party Audits:

Piggy uses independent third-party audits to verify that our assets match the total balances of our users. These audits are conducted regularly and are available for public review.

Merkle Tree Technology:

We employ a cryptographic structure known as a Merkle Tree, allowing users to independently verify that their funds are included in the audit without revealing sensitive information.

Piggy Merkle Root

Hash 12

Hash 1

Hash 2

Balance 1

Balance 2

Hash 34

Hash 3

Hash 4

Balance 3

Balance 4

Hash 56

Hash 5

Hash 6

Balance 5

Balance 6

Hash 78

Hash 7

Hash 8

Balance 7

Balance 8

"Piggy leverages Merkle Tree Technology to guarantee that all user balances are accurately included in our Proof of Reserves audit, without compromising sensitive information. This cryptographic system allows us to independently verify your funds while ensuring both privacy and the overall integrity of the verification process."

4. Individual Verification

Every Piggy user can verify their inclusion in the Proof of Reserves audit through our verification tool.

Verification Tool:

You can visit our verification portal, enter your user ID, and confirm that your funds are backend according to our Proof of Reserves audit.

5. Audit Report

We believe in full transparency. You can access the most recent Proof of Reserves audit report here:

Download the latest audit report [link].

6. Security and Transparency

In addition to Proof of Reserves, we implement industry-leading security measures to protect your funds and personal information.

Advanced Security: We use encryption and strict security protocols to ensure that your data is safe and secure.

7. Contact and Support

If you have any question or concerns about how Proof of Reserves works at Piggy, please don´t hesitate to contact us at [contact email].

Secure, Smart, Simple.

Quick Links

Legal

Partners

Branding Assets

Partnership Inquiries

Careers

For Investors

By using this site, you agree to the Piggy Terms of Service, Piggy branding guidelines, and all Piggy rules and policies, which may be updated from time to time. All company, product, and service names used on this website are for identification purposes only and do not imply endorsement. You acknowledge that Piggy is the sole owner of Piggy trademarks and agree not to use the site's content or Piggy marks for personal or commercial use without permission. Piggy reserves the right to review, terminate, or modify any use of branding materials at any time.

Company Information

Pig.gy is operated by Ficha SA, a company licensed and regulated in El Salvador. Ficha SA complies with the financial regulations established by the Superintendence of the Financial System (SSF) and adheres to the standards set by El Salvador's financial authorities.

Ficha SA, 1234 Bitcoin Blvd, San Salvador, El Salvador.