Reserve Rights (RSR) price has declined today.
The price of Reserve Rights (RSR) is $0.004134765225 today with a 24-hour trading volume of $15,584,897. This represents a -10.06743606476057% price decline in the last 24 hours and a -2.7777719399187855% price decline in the past 7 days. With a circulating supply of 42 Billion RSR, Reserve Rights is valued at a market cap of $174,553,554.
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 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:
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The centralized phase - Reserve is backed by a small number of collateral tokens, each of which is a tokenized US dollar.
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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.
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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:
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Obtain fees from issuers of USDC, TUSD and PAX for having a larger slice of RSV collateral portfolio.
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Enact a transaction fees for using RSV
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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.
Where can you buy Reserve Rights?
RSR tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Reserve Rights is Bitget, where the most active trading pair RSR/USDT has a trading volume of $128,164.28 in the last 24 hours. Other popular options include Binance and BKEX.
What is the daily trading volume of Reserve Rights (RSR)?
The trading volume of Reserve Rights (RSR) is $15,556,083.91 in the last 24 hours, representing a 9.28% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Reserve Rights (RSR)?
The highest price paid for Reserve Rights (RSR) is $0.117424, which was recorded on Apr 16, 2021 (almost 2 years). Comparatively, the current price is -96.5% lower than the all-time high price.
What is the all-time low for Reserve Rights (RSR)?
The lowest price paid for Reserve Rights (RSR) is $0.001213541957, which was recorded on Mar 16, 2020 (almost 3 years). Comparatively, the current price is 239.8% higher than the all-time low price.
What is the market cap of Reserve Rights (RSR)?
Market capitalization of Reserve Rights (RSR) is $174,553,554 and is ranked #187 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RSR tokens (42 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Reserve Rights (RSR)?
The fully diluted valuation (FDV) of Reserve Rights (RSR) is $412,633,485. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Billion RSR tokens are in circulation today. Depending on how the emission schedule of RSR tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Reserve Rights compare against its peers?
With a price decline of -2.87% in the last 7 days, Reserve Rights (RSR) is underperforming the global cryptocurrency market which is down -0.98%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are down -0.85%.
What is the market sentiment of Reserve Rights today?
The community is bullish as more than 85% of users are feeling good about Reserve Rights (RSR) today.
How to add Reserve Rights (RSR) to MetaMask?
Adding Reserve Rights (RSR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import RSR as a token. You can copy RSR’s contract address (0x320623b8e4ff03373931769a31fc52a4e78b5d70) and import it manually, or add RSR to MetaMask with one click on CoinGecko.
Add RSR to MetaMask.
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