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Rank #117
Reserve Rights Price (RSR)
Reserve Rights (RSR)
$0.008066810602 -2.5%
0.00000042 BTC -2.4%
0.00000607 ETH -1.9%
69,093 people like this
$0.007888931025
24H Range
$0.008437414883
Market Cap $340,744,034
24 Hour Trading Vol $77,342,639
Fully Diluted Valuation $805,497,198
Total Value Locked (TVL) $28,232,107
Fully Diluted Valuation / TVL Ratio 28.53
Market Cap / TVL Ratio 12.07
Circulating Supply 42,302,323,974
Total Supply 100,000,000,000
Max Supply 100,000,000,000
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Reserve Rights Price Chart (RSR/USD)

Last updated 02:53AM UTC. Currency in USD.

Live Chart
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
0.1%
-2.5%
19.2%
40.2%
24.8%
-71.5%

Convert RSR to USD

RSR
USD
USD

1 RSR = $0.008066810602

RSR Price Statistics

Reserve Rights Price Today
Reserve Rights Price $0.008062182987
24h Low / 24h High $0.007888931025 / $0.008437414883
7d Low / 7d High $0.006732838062 / $0.008691422568
Trading Volume $77,287,834
Market Cap Rank #117
Market Cap $340,744,034
Market Cap Dominance 0.035%
Volume / Market Cap 0.2266
All-Time High $0.117424 -93.1%
Apr 16, 2021 (over 1 year)
All-Time Low $0.001213541957 562.9%
Mar 16, 2020 (over 2 years)

RSR Price Today

Reserve Rights price today is $0.008066810602 with a 24-hour trading volume of $77,342,639. RSR price is down -2.5% in the last 24 hours. It has a circulating supply of 42 Billion RSR coins and a total supply of 100 Billion. If you are looking to buy or sell Reserve Rights, Nominex is currently the most active exchange.

What was the highest price for Reserve Rights?

Reserve Rights hit an all time high of $0.117424 on Apr 16, 2021 (over 1 year).

What was the lowest price for Reserve Rights?

Reserve Rights had an all time low of $0.001213541957 on Mar 16, 2020 (over 2 years).

What was the 24 hour trading volume of Reserve Rights?

The 24 hour trading volume of Reserve Rights is $77,342,639.

Where can Reserve Rights be traded?

You can trade Reserve Rights on Nominex, Digifinex, and Bitget. Popular trading pairs for Reserve Rights in the market includes RSR/USD, RSR/CAD, RSR/AUD, RSR/GBP, RSR/INR, and RSR/PHP.

What is Reserve Rights Token (RSR)?

RSR is the governance token for the Reserve Project. 

 

How to obtain RSR?

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

 

What is the Reserve Project?

reserve rights token rsr defi

Reserve project aims to create a censorship resistant USD stablecoin, RSV and decentralized fiat on/off ramps. Ultimately, Reserve’s goal is to create a universal store of value, particularly in regions with unreliable banking infrastructure and regions where hyperinflation is an issue.

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.



Reserve Project is still in phase 1 where the USD stablecoin that was released, RSV is pegged by equal portions of USDC, TUSD, and PAX

Currently, users are mainly from Venezuela and Argentina, two countries that have experienced hyperinflation on their respective national currencies. Reserve Project provides US dollars access to the citizens of Venezuela and Argentina, helping them to save with US dollars and transact with low friction. 

RSR token is still currently exploring for a suitable revenue model. Ideas include the following:



  1. Obtain fees from issuers of USDC, TUSD and PAX for having a larger slice of RSV collateral portfolio.




  2. Enact a transaction fees for using RSV




  3. Enable collateralised lending for the underlying USDC, TUSD, and PAX.



 

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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