$2.6T
Total marketcap
$169.6B
Total volume
BTC 49.99%     ETH 15.84%
Dominance
Reserve Rights

Reserve Rights RSR Price

$0.005387 -9.17%
  • BTC 0.00000008
  • ETH 0.0000016
ICO Price
0.0011 USD
ROI
4.9x
FDV
$539.05M
Market cap
$272.76M
Low - High [24h]
$0.00525 - $0.006051
Vol [24h]
$30.84M
Cur - Max Supply
50.6B - 100B

Reserve Rights Price chart

Sorry, that's all we've gotfor now...

Statistics

Reserve Rights Price $0.005387 All-time high $0.1174 Days since ATH 1068
Price change $0 (-9.17%) Date of ATH Apr 16, 2021 % of ATH 4.51%

Reserve Rights Review

Reserve Rights (code: RSR)

Founded Date: May 22, 2019

Founders:

Nevin Freeman
Nevin Freeman
Co-founder & CEO
Matt Elder
Matt Elder
Co-founder & CTO

Reserve Rights(RSR) - Coin Trading Data

Reserve Rights Price $0.005387
Ticker RSR
Market Capitalization $272.76M
Fully Diluted Valuation (FDV) $539.05M
Value 24h low $0.00525
Value 24h high $0.006051
Trade Volume for 24h $30.84M
Current Circulating Supply 50.6B
Maximum Supply 100B
Algorithm
ICO Price and ICO ROI 0.0011 USD 4.9x
Price Change 24h % -9.17%
RSR quote $0.005387
Fully Diluted Valuation (FDV) $539.05M

Reserve Rights(RSR) ATH - All Time High Price

Reserve Rights ATH Price $0.1174
RSR quote 1068
ATH Date Apr 16, 2021
All Time High % 4.51%

Reserverights Profile

Reserve Rights is a two-token stablecoin platform that was launched in May 2019 after a successful initial public offering. The purpose of Reserve Rights is to provide a multipurpose storage of value, especially in regions with an untrustworthy banking infrastructure and in regions where hyperinflation is a problem.

Reserve Rights now represents an ERC-20 token based on the Ethereum blockchain. As a result, it is protected from attacks by a secure Proof-of-Work (POW) consensus mechanism.

There are three types of coins on the Reserve Rights platform:

  1. RSV is a stable cryptocurrency that can be used the same way as any other fiat currency.
  2. RSR is a token that is used to provide RSV stability.

Other stablecoins used as part of the Reserve Rights smart contract to improve the stability of RSV.

Reserve Rights Tokens

The two Reserve Rights token mechanism involves:

  • Stablecoin known as Reserve stablecoin (RSV), which is supported by a smart-contract-driven asset pool.
  • The second token is the Reserve Rights (RSR) token, which is used to keep RSV stable at its $1 price level with the help of the arbitrage system.

Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to keep RSV stability. It can also be used to vote on management proposals and in that way, the token allows owners to determine the future of the Reserve Rights ecosystem.

In general, RSV is a token that is protected from high inflation by RSR. RSR is used to recapitalize the network ecosystem whenever the protocol content in the vault devalues. Initially, RSV has a 1:1 correlation to the U.S. dollar.

RSV RSR Stabilizing The Peg

Reserve Vault - Stabilizing The Peg

This binding will be maintained until the token will be secured by a pool of blockchain assets. These assets include securities, actual products, and money. A total of hundred different assets with low volatility are planned to be used to protect system participants from the system's risks.

At later stages of the project, Reserve Rights plans to support Reserve's stablecoin with an increasingly diversified pool of assets and eventually push it away from its peg to the U.S. dollar, by- creating an alternative reserve asset instead, in which RSV tokens will be an interest holding pool.

The Reserve Rights have a fixed supply of one hundred billion tokens. As of October 2020, less than 10% of them are currently in circulation.

A maximum supply of tokens has already been created, but much of it is blocked for various reasons, including 55.75% of the supply blocked in a smart contract known as the "slow wallet". Funds from this wallet have been released with a one-month delay with a public online announcement from the Reserve team explaining the purpose of the release.

Reserve Rights Creation

  • Reserve Rights was founded by Nevin Freeman and Matt Elder.
  • Freeman is the chief executive officer (CEO) of Reserve.
  • Matt Elder is an experienced engineer, who previously worked at Google and Quixey, and is now the technical director of the project, handling the architecture of Reserve's protocol implementation.

Since launching in 2019, Reserve's team has grown significantly and now consists of more than twenty people, including engineers, developers, lawyers, and compliance officers who are all united by the common goal of making Reserve an open, scalable, stable currency that helps economic growth.

Reserve Rights Roadmap

Reserve Rights Roadmap

Reserve Rights Features

Unlike other stablecoins, which are typically supported by U.S. dollars (USD) stored in a reserve bank account and controlled by a stablecoin issuer or trusted custodian, Reserve stablecoins are supported by a basket of cryptocurrencies managed by smart contracts.

This pool initially consists of Ethereum Stablecoin assets, which include USD Coin (USDC), True USD (TUSD) and Paxos (PAX), but Reserve is planning to later transition to a more diverse pool that could eventually include fiat currencies, stocks, commodities and complex asset types such as synthetic assets and derivatives.

We can say that the main feature of Reserve is its Reserve Rights token, which is released and becomes available for sale when the RSV Stablecoin loses its peg to the U.S. dollar.

Funds from the sale of RSR tokens are used to replenish the RSV collateral pool, and when RSV is worth more than $1, the additional collateral will be used to buy back and burn RSV on the secondary market to reduce supply.

Arbitrageurs can benefit from this mechanism by buying RSVs at $1 from a reserve smart contract for RSRs at a time when the RSV is priced above $1 in the market and then selling it at the current market price in order to make a profit from that difference. This option is only available to RSR holders and is currently one of the main incentives for owning RSR tokens.

Reserve Rights Advantages and Disadvantages

AdvantagesDisadvantages
Professional team.High competition.
Support of institutional investors.Weak marketing policy.
Wide range of applications and unlimited development prospects.
Innovative technology.

Summary

The objective of this protocol is to create a decentralized global currency that is inflation-proof and at the same time not related to any fiat currency. The project uses RSR to provide value to Reserve stablecoin via staking.

Many traders consider RSR to be a good investment because of its previous results and expected results in the future. However, it is important to remember that the cryptocurrency market is very volatile and prices can differ from expectations, so it is important to do careful research before making any investment.

How much is a one Reserve Rights worth now?

1 Reserve Rights worth $0.005387 now.

What is the price of RSR?

The price of RSR is $0.005387.

What is the Reserve Rights max supply?

The max supply of Reserve Rights is 100B.

What is the Reserve Rights stock symbol or ticker?

The stock symbol or ticker of Reserve Rights is RSR.

How many RSR coins are there in circulation?

There are 50.6B coins in circulation of RSR.

What is the exchange rate of Reserve Rights(RSR)?

The exchange rate of Reserve Rights is $0.005387.

What was Reserve Rights's trading volume in 24 hours?

Reserve Rights's 24-hour trading volume is $30.84M.

What was the highest price paid for Reserve Rights?

Reserve Rights reached a record high of $0.1174 on Apr 16, 2021

Reserve Rights Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance RSR/USDT $0.005347 $10.4M 31.55% 2 minutes ago
2 BiONE BiONE RSR/USDT $0.005348 $5.62M 17.05% 23 minutes ago
3 Nami.Exchange Nami.Exchange RSR/USDT $0.005355 $3.49M 10.6% 21 minutes ago
4 Nami.Exchange Nami.Exchange RSR/VNST $0.005364 $2.59M 7.87% 20 minutes ago
5 XT.COM XT.COM RSR/USDT $0.005346 $2.03M 6.16% 16 minutes ago
6 Bithumb Bithumb RSR/KRW $0.005873 $1.25M 3.79% 17 minutes ago
7 Phemex Phemex RSR/USDT $0.005344 $1.19M 3.6% 16 minutes ago
8 OKX OKX RSR/USDT $0.005363 $1.16M 3.53% 8 minutes ago
9 Bitunix Bitunix RSR/USDT $0.005255 $610.32K 1.85% 59 minutes ago
10 KuCoin KuCoin RSR/USDT $0.005332 $532.19K 1.62% 6 minutes ago
11 DigiFinex DigiFinex RSR/USDT $0.005334 $499.38K 1.52% a minute ago
12 BingX BingX RSR/USDT $0.005338 $487.33K 1.48% 16 minutes ago
13 Bitvavo Bitvavo RSR/EUR $0.00533 $454.35K 1.38% 15 minutes ago
14 BitMart BitMart RSR/USDT $0.005319 $330.91K 1% 17 minutes ago
15 Upbit Upbit RSR/BTC $0.005917 $246.72K 0.75% 3 minutes ago