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reserve rights token  (RSR)

Reserve Rights Token (RSR)

$0.028684674846 -1.3%
0.00000079 BTC -0.2%
0.00001269 ETH -1.6%
52,577 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$0.027303546133 / $0.029463566900
Circulating Supply
13,157,804,000 / 100,000,000,000
Fully Diluted Valuation
Max Supply

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Reserve Rights Token Price and Market Stats

Reserve Rights Token Price
RSR Price $0.028684674846
Reserve Rights Token ROI 2507.7%
Market Cap $377,657,132
Market Cap Dominance 0.02%
Trading Volume $36,818,280
Volume / Market Cap 0.0981
24h Low / 24h High $0.027303546133 / $0.029463566900
7d Low / 7d High $0.027827733483 / $0.031503276205
Market Cap Rank #134
All-Time High $0.117424 -75.6%
Apr 16, 2021 (2 months)
All-Time Low $0.001213541957 2263.3%
Mar 16, 2020 (over 1 year)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
0.02845 USDT
0.18% $80,317 $321,708
30166172.675 RSR
2.34% Recently
0.00000079 BTC
1.27% $157,562 $442,856
41861419.747 RSR
3.26% Recently
0.02838 USDT
0.07% $72,080 $150,162
201187743.242 RSR
15.55% Recently
0.02851 USDT
0.1% $122,983 $159,743
4866558.564 RSR
0.38% Recently
0.0000007854 BTC
0.11% $40,106 $118,468
31428645.690 RSR
2.43% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Reserve Rights Token Coin Price & Market Data

Reserve Rights Token price today is $0.028684674846 with a 24-hour trading volume of $36,818,280. RSR price is down -1.3% in the last 24 hours. It has a circulating supply of 13 Billion RSR coins and a max supply of 100 Billion. If you are looking to buy or sell Reserve Rights Token, Digifinex is currently the most active exchange.

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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