Rank #175
rsr Reserve Rights
$ 0.008651
0.061261 BTC
12 satoshies
Market Cap
512,21 MLN. $
24 Hour Trading Vol
21,86 MLN. $
Circulating Supply
59,20 BN.
Total Supply
100,00 BN.
Max Supply
100,00 BN.
Fully Diluted Valuation
963,38 MLN. $
Low
Range
High
Info
Contract
0x320623b8e4ff03373931769a31fc52a4e78b
5d70
Website
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Community
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API id
Source code
tags
1h
24h
7d
1m
1y
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Reserve Rights Price Statistics
0.008651 $
0.008509 $ / 0.01007 $
21,86 MLN. $
#175
512,21 MLN. $
0.1174 $
-92.63%
16 April, 2021, (4 years ago)
0.001213 $
612.94%
16 March, 2020, (5 years ago)
Reserve Rights Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Reserve Rights Performance
Trading Pair
day
week
month
rsr
/
usd
-5.31%
-5.64%
-10.23%
rsr
/
btc
-5.31%
-5.64%
-10.23%
rsr
/
eth
-5.31%
-5.64%
-10.23%
About Coin
What Is Reserve Rights (RSR)?
Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering IEO on the Huobi Prime platform.
What is Reserve Rights (RSR) used for?
Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed & voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default. In order for RSR holders to provide this overcollateralization, they can decide to stake on any one RToken, or divide their RSR tokens by staking on multiple RTokens. RSR holders can also decide not to stake their RSR at all.
In return for providing this first-loss capital, RSR stakers can expect to receive a portion of the revenue the RToken they stake on makes. As a general rule, RSR stakers can expect higher returns (APYs) the bigger the market cap of the RToken they stake on becomes.
In contrast with the “staking” you see in a lot of other projects these days, RSR staking is built to last. In Reserve’s model, late participants do not pay for early participants, nor is a trust in staking of other parties required.
For more detailed information on RSR staking, please refer to the RSR staking section in the protocol documentation: https://reserve.org/protocol/reserve_rights_rsr/#reserve-rights-staking.
Who are the founders of Reserve?
Reserve was co-founded by Nevin Freeman and Matt Elder. Freeman is a seasoned entrepreneur. He describes his life goal as "solving the coordination problems that are stopping humanity from achieving its potential."
Matt Elder, on the other hand, is an experienced engineer who previously worked for Google and Quixey, and worked to oversee the architecture of the Reserve protocol's technical implementation.
Since its launch in 2019, the amount of contributors to the Reserve ecosystem has grown considerably, including community, engineers, and legal and compliance staff — all unified under the shared ambition to position Reserve as an open, massively scalable stablecoin platform that promotes economic prosperity.
What Makes Reserve Rights Unique?
Unlike other stablecoins that are typically backed by U.S. dollars (USD) held in reserve in a bank account controlled by the stablecoin issuer or a trusted custodian, Reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts.
These baskets can consist of any ERC-20 assets. During the initial stages, RTokens mostly include other cryptocurrencies, such as liquid staking tokens (e.g. stETH) or yield-bearing DeFi position (e.g. cUSDC). Eventually, the Reserve community will transition to more diverse baskets, which might include fiat currencies, securities, commodities and complex asset types, like synthetics and derivatives. Read more about Reserve’s long-term goals here: https://reserve.org/protocol/our_long_term_goal/
How Many Reserve Rights (RSR) Coins Are There in Circulation?
Reserve Rights has a fixed supply of 100 billion tokens. Out of this, about 52% are currently in circulation as of September 2024.
The maximum token supply has already been pre-mined, but a large proportion is locked for various reasons, including 49.4% of the supply locked in a smart contract known as the "Slow wallet.” Funds from this wallet are released according to a deterministic schedule, which you can read more about here: https://blog.reserve.org/reducing-rsr-emissions-6da7f35917ba
The Reserve Rights token initially launched with a circulating supply of 6.85 billion tokens, of which 3% were distributed to Huobi Prime IEO participants, 2.85% released as project tokens and 1% to private investors. All team, advisor, partner, and seed investor tokens have been unlocked via one of two options - one that has started in January 2022, and the other that started upon the launch of the full Reserve protocol on Ethereum mainnet. Read all about the Reserve Rights unlocking schedule here: https://reserve.org/protocol/reserve_rights_rsr/#reserve-rights-release-schedule.
How Is the Reserve Rights Network Secured?
Reserve Rights is currently an ERC-20 token based on the Ethereum blockchain. As a result, it is secured against attacks by a robust proof-of-work (POW) consensus mechanism backed by a network of thousands of Ethereum miners.
Where Can You Buy Reserve Rights (RSR)?
Reserve Rights (RSR) is a popular token that currently maintains excellent liquidity.
It is available to purchase and trade on several of the most well-established cryptocurrency exchange platforms, including Binance, Huobi Global and OKX, and can be traded against various popular cryptocurrencies, including Bitcoin (BTC), Tether (USDT) and Ethereum (ETH), as well as the U.S. dollar (USD) on multiple platforms.
Where is Reserve Rights available for purchase?
You can exchange RSR tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Reserve Rights is Binance, notably the RSR/USDT pair, which saw a trading volume of $ 9,63 MLN. in the past day. Additionally, MEXC and Toobit are popular alternatives for trading tokens.
What is the highest value Reserve Rights (RSR) has ever reached?
Reserve Rights (RSR) reached its peak price at 0.1174 $ on 16 April 2021, approximately 4 years ago ago. Presently, the current price is -92.63% lower than this all-time high.
What is the historical minimum price for Reserve Rights (RSR)?
The minimum price reached for Reserve Rights (RSR) was 0.001213 $, documented on 16 March 2020, more than 5 years ago. In comparison, the current price is 612.94%, it above this historical low.
What is the fully diluted valuation of Reserve Rights (RSR)?
The fully diluted valuation (FDV) of Reserve Rights (RSR) stands at $ 963,38 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 100,000,000,000 RSR tokens. The realization of this FDV might take several years depending on the emission schedule of RSR tokens.
How to add Reserve Rights (RSR) to MetaMask?
By integrating Reserve Rights (RSR) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import RSR as a token. You can either manually import RSR by copying its contract address (0x320623b8e4ff03373931769a31fc52a4e78b5d70) or use MetaMask's Chrome extension to add RSR with a single click through P.CASH.
How to add Reserve Rights (RSR) to TrustWallet?
Incorporating Reserve Rights (RSR) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include RSR, you can either manually import it using the contract address (0x320623b8e4ff03373931769a31fc52a4e78b5d70) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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