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Rank #133
53,776 people like this
reserve rights token  (RSR)

Reserve Rights Token (RSR)

$0.030880257829 2.0%
0.00000075 BTC -2.4%
0.00001260 ETH -1.0%
53,776 people like this
$0.030266848243
24H Range
$0.032260183562
Market Cap $405,983,054
24 Hour Trading Vol $54,706,827
Fully Diluted Valuation $3,085,492,487
Circulating Supply 13,157,804,000
Total Supply 100,000,000,000
Max Supply 100,000,000,000
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Reserve Rights Token (RSR) Price Chart

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1h
24h
7d
14d
30d
1y
-0.5%
2.0%
35.5%
56.6%
26.5%
252.1%
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RSR Price and Market Stats

RSR Price $0.030888482226
Reserve Rights Token ROI 2708.0%
Market Cap $405,983,054
Market Cap Dominance 0.02%
Trading Volume $54,712,789
Volume / Market Cap 0.1345
24h Low / 24h High $0.030266848243 / $0.032260183562
7d Low / 7d High $0.023254020448 / $0.033406031870
Market Cap Rank #133
All-Time High $0.117424 -73.5%
Apr 16, 2021 (4 months)
All-Time Low $0.001213541957 2459.4%
Mar 16, 2020 (over 1 year)

Reserve Rights Token Coin Price & Market Data

Reserve Rights Token price today is $0.030880257829 with a 24-hour trading volume of $54,706,827. RSR price is up 2.0% in the last 24 hours. It has a circulating supply of 13 Billion RSR coins and a total supply of 100 Billion. If you are looking to buy or sell Reserve Rights Token, Binance 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.



 

Reserve Rights Token News & Guides

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