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reserve  (RSV)

Reserve (RSV)

$1.00 0.8%
0.00002774 BTC 2.5%
0.00044494 ETH 0.7%
1,615 people like this
Market Cap
$7,535,475
24 Hour Trading Vol
$85,569
24h Low / 24h High
$0.987882 / $1.01
Circulating Supply
7,509,695 / 7,509,695
Fully Diluted Valuation
$7,535,475
Max Supply
7,509,695

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Reserve Price and Market Stats

Reserve Price
RSV Price $1.00
Market Cap $7,535,475
Market Cap Dominance 0.00%
Trading Volume $85,569
Volume / Market Cap 0.0114
24h Low / 24h High $0.987882 / $1.01
7d Low / 7d High $0.994585 / $1.01
Market Cap Rank #979
All-Time High $6.59 -84.8%
Aug 17, 2020 (10 months)
All-Time Low $0.526578 90.6%
Sep 05, 2020 (10 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 RSV/USD
$1.00
1.001 USD
0.2% $15,738 $49,556
$27,237
27210.078 RSV
31.83% Recently
2 RSV/BTC
$1.00
0.0000276 BTC
0.72% $15,117 $9,970
$25,872
25911.514 RSV
30.24% Recently
3 RSV/USDT
$1.00
0.9981 USDT
0.05% $6,019 $7,138
$27,628
27598.175 RSV
32.51% Recently
4 RSV/EUR
$1.00
0.843 EUR
0.22% $1,004 $1,000
$1,134
1133.819 RSV
1.33% Recently
5 RSV/ETH Info 0x196f4727526ea7fb1e17b2071b3d8eaa38486988
$1.01
0.0004525343245125 ETH
0.61% $1,653 $1,648
$3,473
3425.625 0X196
4.09% **about 1 hour ago Updated recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Reserve Coin Price & Market Data

Reserve price today is $1.00 with a 24-hour trading volume of $85,569. RSV price is up 0.8% in the last 24 hours. It has a circulating supply of 7.5 Million RSV coins and a max supply of 7.51 Million. If you are looking to buy or sell Reserve, Liquid is currently the most active exchange.

 

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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