Can BAS make gold backed tokens more trustworthy by verifying reserves without exposing private data

[Cryptochiefprest]

 

A new gold backed token just launched, promising a stable asset with real world value. But how do you actually prove the gold exists? That’s where something like BAS could come in. I found BAS while browsing BingX and it got me thinking.

BAS stands for BNB Attestation Service. It helps create digital proof that something is true like that gold reserves exist or were audited. These proofs can be used on chain or off chain. With Greenfield, the data stays private and controlled by the person or company that issued it.

This could really help token projects prove their backing without exposing too much info. It builds trust while keeping sensitive records safe.

BAS is now listed on BingX and is trading at 0.01508, up 151.33 percent already.