Now, before you suggest that I should Google it, I want to let you know that I have already done my online research and read some formal writings about Proof of Reserve (PoR) and its significance in the ecosystem of a crypto company. However, what I still haven't fully grasped is whether it has any impact on the price of coins (which, let's be honest, is what we all really care about).
To provide some context, my interest in this topic was piqued when I noticed bitget trending on Twitter today because their PoR has reportedly increased by around 176%, and many people there seem to be thrilled about it. I simply want to understand the underlying reason behind all this excitement. Does it have any influence on the tokens listed on the cryptocurrency exchange or the BGB token itself?