Real-time RSR price analysis
The current price of reserve rights in real time is $0.0031and its trading volume is equal to US$10,642,504 in the last 24 hours. The RSR price has grew by
4.10%
on the last day and increased by
10.12%
in the last 7 days. It is important to note that the current market capitalization of reserve rights is US$158,802,799and the maximum offer is 100,000,000,000 rupees coins. Speaking of revolving supplies, RSR has 50,600,000,000 coins. Currently, the rating of reserve rights on the market is #265.
Reserve rights price today
97.36%
below
always on top and that’s it
449.05%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling RSR are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is reserve (RSR)?
Reserve Rights (RSR) is a utility token Backup protocol which runs on the Ethereum blockchain. The protocol is used for development stablecoins. However, reserve stablecoins are backed by baskets collateral assets online instead of fiat currencies (like most stablecoins). Reserve stablecoins are called RTtokens. Take a look at the reserve rights price chart above to see the current RSR price.
Reserve dollar (RSV) is one example of RTokens. The stablecoin is pegged to the US dollar in a 1:1 ratio. It is backed by a basket consisting of equal amounts of TUSD, PAX and USDC, which is stored in a backup vault.
Founders of the reserve
Matt Elder and Nevin Freeman launched Reserve in 2019.
Matt Elder has a degree in mathematics and computer science. Before founding Reserve, Elder worked as a software engineer at companies such as netSweng and Google. He was also a research engineer at Quixey and a researcher at Paradigm Academy.
Nevin Freeman, on the other hand, is a serial entrepreneur. In addition to founding Reserve, Freeman also co-founded RIABiz, MetaMed Research and Paradigm Academy.
Purpose of RSR Tokens
The Reserve Rights token is a utility token of the Reserve protocol. especially important for RTokens. The price of RSR is volatile because it is not a stablecoin. Thus, it can be used to maintain price stability for RTokens.
For example, whenever the price of RSV exceeds a threshold, the protocol sells newly issued RSR to bring it down. Additionally, whenever the value of the Reserve Vault, which stores collateral assets, falls below a predetermined threshold, RSR is used to recapitalize the network.
Apart from this, the other two main roles of RSR tokens are governance and participation. From point of view controlRSR token holders can propose and vote on changes to RSR tokens. Additionally, each RToken can have its own governance model, but ideally it should be decentralized and include RSR tokens.
Regarding bidRSR token holders can stake their assets on any RToken or even split their assets across multiple RSR tokens. At the same time, their coins with reserve rights act as security network for RToken holders in the event of default of the collateral token (default occurs when required interest or principal payments are not made).
In return, RSR participants receive a percentage of the income generated by the RToken they choose to stake on.
Tokenomics of RCP
The maximum number of Reserve Rights tokens is 100 billion. A private pre-sale of RSR coins occurred in 2018, and a public pre-sale only in 2019. All RSR tokens were pre-mined at launch. However, more than half of these tokens are locked in a smart contract called Slow wallet.
Additionally, note that the total supply of RSRs can be increased by issuing new tokens or decreased by burning them. It mainly depends on security.
If you want to purchase Reserve Rights tokens, please be aware that The price of RSR is subject to fluctuations. Therefore, I would suggest that you analyze the Reserve Right price chart posted above to determine the major changes in the RSR value over time.
What is the volume of reserve rights trading in the last 24 hours?
RSR has trading volume US$10,642,504 in the last 24 hours.
What is the highest price for reserve rights?
RSR has the highest price US$0.1189which was achieved at April 16, 2021 (2 years 10 months ago).
What is the lowest price for reserve rights?
RSR has the lowest price $0.0006which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling RSR?
Currently, the most active and dominant exchanges for buying and selling reserve rights are Binance, Kraken & Kucoin. The most popular Reserve rights trading pairs RSR/USDT
(on
Binance
),
RSR/USDT
(on
XT.COM
),
RSR/USDT
(on
DigiFinex
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing RSR?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Reserve rights. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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