The Reserve Rights Token or RSR is the Reserve Project’s governance token and has multiple functions within the protocol. One of its major objectives is to help control the network stablecoin’s (RSV) dollar-pegged value through a specific mechanism.More
The Reserve Rights Token works hand-in-hand with the Reserve token or RSV and the Reserve protocol in controlling and maintaining a stable price for RSV. Several aspects work together to ensure that the process runs smoothly but the most important one is the Reserve Vault, which is where assets are stored, calculated, and tokenized.More
You can buy Reserve Rights Token (RSR) in a crypto exchange like Coinmerce. It's simple to do: just indicate what price you want to pay for Reserve Rights Token (RSR) (or buy it instantly for the market price), whereafter you get Reserve Rights Token (RSR) within a few minutes.More
You want to buy Reserve Rights? You can buy Reserve Rights using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Reserve Rights, use the search function to search for Reserve Rights and click on the name. You can indicate for how many euros you want to buy Reserve Rights in the right window. Below is shown how much Reserve Rights you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Reserve Rights when the price of Reserve Rights reaches your entered value. You can also execute a repeating order. Do you want to buy Reserve Rights with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Reserve Rights.
The Reserve Rights platform was established in 2019, with Paradigm Academy cofounder Nevin Freeman as one of its co-founders. Its IEO or initial exchange offering was held on the Huobi Prime platform. Financial support was also provided by several respected investors like Sam Altman of YCombinator, Coinbase Ventures, and Peter Thiel, PayPal’s co-founder. The Reserve Rights Token is given to investors with the proceeds going to the Reserve Protocol project. Also, when Reserve Vault assets are almost diminished and therefore unable to completely collateralize RSV, the Reserve Rights Token is utilized for recapitalizing. So, the number of total RSRs in circulation decreases each time the RSV supply increases. RSR tokens also function as the network’s governance token, allowing users to use the coins for getting voting rights. The current number of Reserve Rights Tokens in circulation total to more or less 13,000,000,000.