Reserve Rights (RSR)

What is Reserve Rights (RSR)?

The cryptocurrency sector is no stranger to volatility, which makes cryptocurrencies’ use as a medium of exchange quite difficult. 

Realistically speaking, you cannot buy or sell anything using something whose value constantly fluctuates. 

Although you could do it, it will be highly impractical and problem-inducing. 

Enter stablecoins, the cryptocurrency sector’s answer to that problem. 

Stablecoins are basically tokens whose value is pegged to certain fiat currencies, like the US dollar, for instance. Some popular examples include USDC, USDT, etc. 

So, within a sector struggling to find use as a stable store of value, stablecoins appeared to break that mold and bring in some semblance of stability amidst the mayhem.

Bearing the badge of stability, you have the Reserve Protocol, a cryptocurrency project that seeks to produce a stable token that’s not subject to any volatility such as Ethereum or inflation like the USD. 

The long-term goal was basically to have a stable asset-backed currency that’s not dependent on fiat money. 

As for where it has been implemented or built above, that would be Ethereum.

It was introduced in early 2019 to serve as another iteration of the stablecoin projects preceding it.

It was the team’s decision that, to create a long-lasting stablecoin, multiple design choices would be necessary, including an asset peg that’s set to some fiat currency in the short term, but in the long term, will be set to this basket filled with various assets, making a completely collateralized backing and decentralized issuance mechanism. 

Therefore, the Reserve Protocol began as a platform offering a fiat-pegged stablecoin, with the end goal of shifting to a stable currency backed by diverse assets later on.

So, the price was originally equal to $1. 

However, now, a quick look at the price chart of RSV will reveal that it’s no longer equal to $1. 

So, maybe it is on track to fulfill that long-term goal it had.

The Functionality and Mechanism of RSR

Core Features of the Reserve Rights Token

A note here: we’ll be discussing how the dual-token mechanism functioned before the RSV stablecoin losing its peg to the USD, i.e., before its independent phase. 

It is likely that what we’re discussing applies to the token now too, but in a different light since its transition. 

So, with the Reserve Protocol, you have three main types of tokens that are powering it. 

First would be the RSV stablecoin, then it’s the RSR token, and after that, you have collateral tokens, which are simply different assets that the Reserve smart contract holds to help backup that stablecoin’s value.

Reserve tokens live and breathe on Ethereum’s blockchain network with the aim of deploying an inventive method of maintaining stablecoin value, something that users will appreciate. 

Back when RSV was pegged to the US dollar (it’s currently trading at approximately $1.60 now), its value had to be exactly $1 or around it.

If RSV’s fell below $1, then Reserve would start purchasing more RSV, bringing the token’s price back to $1. 

On the other hand, should the target value go above $1, then the Reserve protocol would sell in-excess or newly minted Reserve stablecoins for some RSR or tokenized assets, which would eventually push its value down to $1.

The RSR token’s role is thus to recapitalize that market should the assets stored within the Reserve Protocol go down in value and fail to ensure the RSV’s existence. 

Hence, if there were a rise in the RSV token’s supply, there would be a drop in the RSR’s supply. This is how the RSR’s function went as far as guaranteeing the RSV’s stability. 

Chances are, it still does that along with a couple of other tokens, but since RSV is no longer tied to $1, it’s probably safe to assume that it’s an entirely new currency of sorts, and how or what value it will be tied to is a bit unclear.

How RSR Supports the Reserve Ecosystem

Besides RSR being a part of that dual-token mechanism, it’s a governance token as well, being a beacon that the community could use to share their voice or opinion on things. 

In other words, the RSR token has an important role in decentralization, or the decision-making process of the protocol, allowing the community to vote on proposals that have lasting impacts on its future.

RSR Tokenomics

Token Distribution and Supply Mechanics

Moving on to the tokenomics of the RSR token, its price is currently worth around $0.008, with a market capitalization of over $425 million, a fully diluted valuation of more than $840 million, and a daily trading volume of over $118 million. 

On the supply end of the spectrum, the total and maximum supplies are both exactly 100 billion tokens, and its circulating supply is 50.6 billion tokens.

The tokens minus their circulating supply all belong to the Slower and Slow wallets, which Confusion Capital controls, the entity responsible for managing funding for the protocol’s Reserve Ecosystem Initiatives. 

In addition, the Slower Wallet uses a four-week hard-coded delay between completing the withdrawal and initiating it. 

No more than 1% of RSR’s total supply may be withdrawn in any four-week period.

Demand Drivers and Economic Incentives

The RSR token is tied to the RSV token in that it serves as a mechanism for stability. 

So, its value is tied to the stability of RSV, as we discussed earlier. 

Besides that, though, it’s the usual.

A lot can also depend on Bitcoin itself, which serves as a bit of a gauge for the entire cryptocurrency sector, though not completely. 

If Bitcoin is performing well, then it stands to reason that many other tokens will also perform well, causing a ripple-like effect within the market. 

Still, despite the recent bullish sentiments within the market, the token has failed to gain any significant momentum, which isn’t surprising really, as it’s the case for many other tokens too.

How to Buy RSR Tokens

Preparing to Purchase RSR

So, you’re looking to get some RSR tokens? Well, you’ll need a couple of things. 

Assuming you don’t already have them, you will need to have a wallet that can store those tokens.

Currently, you can either go for hot or cold wallets. 

Within hot wallets, you will find the much-popular MetaMask, among others, and within cold wallets, you have Ledger or Trezor. 

If you care about security, then cold wallets are the best that the cryptocurrency sector has to offer, but they’ll be more expensive. 

Hot wallets are mostly free. 

Just go to the wallet’s website and install it directly from there; it’s a pretty straightforward process.

Step-by-Step Guide to Buying RSR

So, once you’ve gotten that wallet, you can now move on to actually buying those tokens. 

For starters, pick an exchange that supports it, like Binance, for instance.

If you already have some tokens with you, then you can choose something like Uniswap to acquire some RSR; if not, then go to someplace like Binance. 

Over there, register for an account, complete KYC, connect your wallet, and then use the fiat option and see if you can directly buy them.

If not, then get some USDT and simply swap it for RSR. 

And there you go; this is how you can quickly get a hand on the tokens. 

But if you’re looking to engage in some complex trading, then you can always head over to the various markets that Binance has to offer, like spot, futures, derivatives, or more.

RSR’s Role in the DeFi Ecosystem

You can think of RSR as an anchor of stability within the vastly volatile space that is DeFi.

What you have here is a true medium of exchange, something that you can actually use to buy the things you want within the sector without having to worry about fluctuations. 

In that sense, its role is quite clear and something that the DeFi sector is always in need of.

Future Outlook for Reserve Rights

What the Reserve Protocol wants to accomplish makes sense and is certainly intriguing.

However, what warrants mentioning is the sheer complexity that’s needed to pull off something like that.

Only time will tell as to how successful their endeavors are, but if they are successful, then it definitely won’t be a gone case in the future. 

What you will have then is something of real worth, something whose value is stable throughout the years to come, something that won’t suffer the same fate as current fiat currencies and their depreciating value. 

In such a case, its future outlook will be quite bright and worth your time and effort—only if they manage to accomplish what they’ve set out to do, that is.

Conclusion: The Impact of Reserve Rights on Crypto Stability

In the wake of cryptocurrencies like USDT and USDC, whether or not the protocol has had any substantial impact or something equivalent is hard to determine.

After all, it has just set out on a rather ambitious undertaking, and once again, it remains to be seen whether or not there is any fruit to bear.

However, it warrants mentioning that what they’re trying to do is quite attractive and intriguing, and that just goes to show how something like that is really needed.

We Coin-Labs.com provides only objective information about Reserve Rights (RSR).
Therefore, we are not responsible for the investment decision in Reserve Rights (RSR) and the resulting loss.

Reserve Rights (RSR) Basics

Here are some factors that investors should consider before investing in Reserve Rights (RSR).

Cryptocurrency Features	Reserve Rights (RSR) (RSR)
Publisher or Developers	ABC Labs
Headquarters (Registration Number)
Symbol	RSR
Platform
Published Date (CMC Registration)	2024-11-01
Max Supply	100,000,000,000 RSR

Reliability Score of Reserve Rights (RSR) in 2024

These are indexes mesuring the investment reliability of Reserve Rights (RSR) conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 5 Exchanges
Number of Available Pairs Worldwide	240 Pairs
Market Cap of the Cryptocurrency	110,015,000 USD (Rank #326)

The table above shows the result of investment suitability evaluation for Reserve Rights (RSR).
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Reserve Rights (RSR) Price

Here are the price and recent trading volume of Reserve Rights (RSR). (Data of 2024-11-02 00:35:00)

Price Items	Price and Trading Volume of Reserve Rights (RSR)
Reserve Rights (RSR) Price	0.006 USD
Price Change 24h	-0.70%
Price Change 7d	-3.71%
Trading Volume 24h	8,935,586 USD
Trading Volume Change 24h	8.43%

Cryptocurrency Metadata

You can check the development status and social media information of Reserve Rights (RSR) through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Reserve Rights (RSR)

Here are the top ten world crypto exchanges where traders can buy Reserve Rights (RSR) in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/RSR_USDT
Coinbase	Not listed
Kraken	Not listed
KuCoin	Listed	https://www.kucoin.com/trade/RSR-USDT
Bitfinex	Not listed
OKX	Listed	https://www.okx.com/trade-spot/rsr-usdt
Huobi	Listed	https://www.htx.com/trade/rsr_usdt
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Listed	https://www.gate.io/trade/RSR_USDT

Frequently Asked Questions