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Rank #563
Reserve Price (RSV)
Reserve (RSV)
$0.997431 0.1%
0.00005177 BTC 0.4%
0.00076222 ETH 1.8%
2,545 people like this
$0.994611
24H Range
$1.00
Market Cap $28,168,728
24 Hour Trading Vol $56,202.17
Fully Diluted Valuation $28,168,728
Circulating Supply 28,222,758
Total Supply 28,222,758
Max Supply 28,222,758
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Reserve Price Chart (RSV/USD)

Last updated 09:52AM UTC. Currency in USD.

Live Chart
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1h
24h
7d
14d
30d
1y
0.0%
0.1%
0.0%
-0.0%
0.0%
-0.4%

Convert RSV to USD

RSV
USD
USD

1 RSV = $0.997431

RSV Price Statistics

Reserve Price Today
Reserve Price $0.997431
24h Low / 24h High $0.994611 / $1.00
7d Low / 7d High $0.985093 / $1.01
Trading Volume $56,202.17
Market Cap Rank #563
Market Cap $28,168,728
Market Cap Dominance 0.003%
Volume / Market Cap 0.002
All-Time High $6.59 -84.8%
Aug 17, 2020 (about 2 years)
All-Time Low $0.526578 89.6%
Sep 05, 2020 (about 2 years)

RSV Price Today

Reserve price today is $0.997431 with a 24-hour trading volume of $56,202.17. RSV price is up 0.1% 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 $56,202.17.

Where can Reserve be traded?

You can trade Reserve on Liquid, Bittrex, and LATOKEN. Popular trading pairs for Reserve in the market includes RSV/USD, RSV/CAD, RSV/AUD, RSV/GBP, RSV/INR, and RSV/PHP.

 

What is RSV?

reserve defi stablecoin

RSV is a stablecoin backed by equal proportions of USDC, TUSD and PAX. It is created by the Reserve Project with a governance token called Reserve Rights Token (RSR).

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?

RSV can be purchased from exchanges such as Uniswap or Sushiswap. You can find RSV trading on various centralized and decentralized cryptocurrency exchanges

 

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: 



  1. The centralized phase - Reserve is backed by a small number of collateral tokens, each of which is a tokenized US dollar.




  2. 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.




  3. 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.

 

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