Price
$0.0042
12/2/2022, 7:39:26 PM
diamondHands

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Reserve Rights can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$176.2M

Volume (24h)

$6.8M

Circulating supply

42.3B RSR

All time high

$0.12

Price change (1h)

+0.34%

Price change (24h)

+0.86%

Price change (7d)

+5.89%

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Reserve Rights is on the rise this week.

The price of Reserve Rights has risen by 5.89% in the past 7 days. The price increased by 0.86% in the last 24 hours. In just the past hour, the price grew by 0.34%. The current price is $0.0042 per RSR. Reserve Rights is 96.53% below the all time high of $0.12.

The current circulating supply is 42,302,323,974 RSR.

About

What Is Reserve Rights (RSR)?

Reserve Rights is a decentralized stablecoin system that is developed with an aim to maintain 100% on-chain collateral backing. As mentioned in the whitepaper, the design of Reserve Rights aims to attain a proper balance between decentralization, stability, and profitability.

The whitepaper further states that cryptocurrencies help develop the effectiveness of currency across the world. However, despite their efficiency, cryptocurrencies have not been adopted massively. The technical impediments and the high volatility of cryptocurrencies are significant issues. Due to high volatility, merchants and consumers refrain from utilizing cryptocurrencies.

Notably, the volatility of cryptocurrencies makes people refrain from serving as a payment source. This results in unnecessary risk and creates difficulty in coordinating it effectively. Against this backdrop, stable cryptocurrencies have come to prominence. 

The Reserve project aims to provide stable digital currency to every person in the world. Reserve Rights is aimed at eliminating the hardship faced by humans due to hyperinflation. Moreover, the platform plans to create revenue by charging a spread, a type of fee, when users invest on the app.

The purpose of the protocol is to offer an alternative to centralized economy. As mentioned in the official website of Reserve Rights, the primary idea is to aggregate the tokenized assets and create digital currencies with stable purchasing power. Such currencies are independent of state-issued currencies and therefore are unaffected by the value of traditional currency.

The Reserve Rights project allows users to save, spend, and receive traditional currency through the Reserve app and the Reserve Dollar (RSV), a stable digital currency maintaining 1-to-1 parity with the US dollar. The Reserve Rights token (RSR) is the second coin of Reserve Rights and helps to keep RSV stable.

As claimed by its website, Reserve Rights offers the tool to fight against the evils of hyperinflation and high inflation. Most importantly, Reserve is a project that seeks to assist people in countries that do not have high foreign investment. The native token of Reserve Rights is Reserve Dollar (RSV), which is an ERC20-based coin. The token is governed by a smart contract on the Ethereum blockchain that helps to guarantee efficient and transparent monetary policies. Therefore, RSV is aimed to preserve the value and is free from any attempts of human manipulation.

The Reserve app is a digital payment system for businesses and people based in countries with high inflation. The platform allows users to conduct daily transactions using stable currency. The app helps to protect users' work with a digital currency that maintains its value and is protected from decreasing purchasing power.

The Reserve project was created to enable daily transactions through a stable digital currency. Users can also send and receive currency immediately to and from people living inside or outside their country. Furthermore, businesses can accept payments and safeguard the value of their revenues in a stable digital currency.

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FAQ

What is the current price of Reserve Rights?

The price of 1 Reserve Rights currently costs $0.0042.

What is the market cap of Reserve Rights?

The current market cap of Reserve Rights is $176.17M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Reserve Rights?

The all-time high of Reserve Rights is $0.12. This all-time high is highest price paid for Reserve Rights since it was launched.

What is the 24 hour trading volume of Reserve Rights?

Over the last 24 hours, the trading volume of Reserve Rights is $6.80M.

What other assets are similar to Reserve Rights?

Assets that have a similar market cap to Reserve Rights include Liquity USD, Chia, Safe, and many others. To see a full list, see our comparable market cap assets.

How many Reserve Rights are there?

The current circulating supply of Reserve Rights is 42 billion.