RSV Price Today
Reserve price today is $0.998395 with a 24-hour trading volume of $50,667.80. RSV price is down -0.2% in the last 24 hours. It has a circulating supply of 28 Million RSV coins and a total supply of 28.2 Million. If you are looking to buy or sell Reserve, Liquid is currently the most active exchange.
What was the highest price for Reserve?
Reserve hit an all time high of $6.59 on Aug 17, 2020 (about 2 years).
What was the lowest price for Reserve?
Reserve had an all time low of $0.526578 on Sep 05, 2020 (about 2 years).
What was the 24 hour trading volume of Reserve?
The 24 hour trading volume of Reserve is $50,667.80.
Where can Reserve be traded?
What is RSV?
As of January 2021, the market capitalization of RSV is only $1.5 million. This is small when compared with USDT with a market capitalization of $15 billion.
How to obtain RSV?
What’s the future roadmap of RSV?
Reserve Project believes that the most responsible path to launch a decentralized digital currency is to start with a centralized fiat stablecoin, gather the necessary usage data, and use that data to evolve to a fully decentralized model. Below are the three phases in their roadmap:
The centralized phase - Reserve is backed by a small number of collateral tokens, each of which is a tokenized US dollar.
The decentralized phase - Reserve is backed by a changing basket of assets in a decentralized way, but still stabilized in price with respect to the US dollar.
The independent phase - Reserve is no longer pegged to the US dollar. It intends to stabilize its real purchasing power regardless of fluctuations in the value of the US dollar.
How does RSV maintain its peg to $1?
If the price of Reserve on the open market is lower than $1, arbitrageurs will be incentivized to buy it up and redeem it with the Reserve smart contract for $1.00 worth of collateral tokens. Arbitrageurs will continue buying on the open markets until the market price matches the redemption price of $1.00.
The same mechanism works in reverse when demand goes up. If the price of Reserve on the open market is higher than $1, arbitrageurs will be incentivized to mint new Reserve tokens for $1.00 worth of collateral and immediately sell them on the open market. They will continue selling on the open markets until the market price matches the purchase price of $1.00.