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₹ 0.2354

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₹ 0.2354

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What is Reserve Rights (RSR)?

Reserve Rights is a decentralized dual-token platform built to maintain price stability and enable a global stablecoin system. It operates with two tokens: the stable Reserve (RSV) token, pegged to a basket of assets, and the Reserve Rights (RSR) token, which ensures RSV stability through arbitrage and governance. RSR is also used for staking and voting on protocol decisions.

 

Who founded Reserve Rights?

Reserve Rights was founded in 2019 by Nevin Freeman and Matt Elder. The protocol aims to provide a decentralized, asset-backed stablecoin solution to counter inflation and preserve value for users worldwide.

 

Primary features of Reserve Rights (RSR)

• Dual-token system: Ensures price stability through the interaction of RSR and RSV tokens.

• Decentralized governance: RSR holders can participate in protocol upgrades and decision-making.

• Inflation protection: Provides a stable medium of exchange and store of value in high-inflation economies.

• Arbitrage mechanism: Uses RSR tokens to maintain the stability and peg of RSV tokens.

 

Is RSR a promising cryptocurrency?

Reserve Rights has established itself as a critical player in the stablecoin ecosystem, addressing global inflation and providing a reliable alternative for value storage. Ranked among the top 150 cryptos by market cap, RSR has significant growth potential as stablecoins become more widely adopted.

You can buy RSR from crypto exchanges like CoinSwitch.

How do I use Reserve Rights (RSR)?

• Staking: Stake RSR tokens to support the protocol and earn rewards.

• Governance: Participate in decision-making for the Reserve Rights protocol using RSR tokens.

• Arbitrage: Use RSR to stabilize the value of RSV tokens through arbitrage opportunities.

 Buy and sell RSR tokens on platforms like CoinSwitch to leverage market opportunities.

Pros & Cons of Reserve Rights (RSR)

Pros

• Provides a decentralized solution for price stability and inflation protection.

• The dual-token system ensures stability and efficiency.

• Governance and staking opportunities for RSR holders.

Cons

• Competes with other stablecoin platforms like MakerDAO and Terra.

• Adoption depends on the growth of stablecoins in the crypto market.

• Market volatility due to its niche focus and external economic factors.

How to trade RSR on CoinSwitch?

• Start investing in RSR with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for all users.

• Easily manage your transactions and portfolios on the app.

Reserve Rights (RSR) ICO summary 

Reserve Rights (RSR) is the governance token for the Reserve protocol ecosystem, an ERC-20 token common across all asset-backed currencies (“RTokens”) deployed via the Reserve protocol. RSR can be staked on a particular RToken, where it has two roles: overcollateralizing the RToken and potentially receiving a portion of the RToken collateral’s revenue in exchange for being the first capital-at-risk in case of collateral default. 

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FAQ's

1. What is Reserve Rights (RSR) used for?

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RSR is used for staking, governance, and maintaining the stability of the Reserve (RSV) stablecoin. It plays a key role in ensuring price stability through arbitrage and protocol governance.

 

 

2. How does the dual-token system of Reserve Rights work?

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Reserve Rights operates with two tokens: RSV (a stablecoin pegged to a basket of assets) and RSR (which supports RSV stability through arbitrage and governance). RSR holders can stake their tokens to help maintain RSV’s peg.

 

 

3. Is Reserve Rights (RSR) a good investment?

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RSR has strong potential due to its focus on stablecoins and inflation protection. However, like all cryptocurrencies, its value is subject to market volatility and adoption trends. Investors should conduct thorough research before investing.

 

 

4. Where can I buy and trade Reserve Rights (RSR)?

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You can buy and trade RSR on cryptocurrency exchanges like CoinSwitch. Simply create an account, deposit funds, and start trading with as little as ₹100.

Highlight

Reserve Rights is a dual-token stablecoin platform designed to offer price stability and preserve purchasing power in volatile markets.

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Price Statistics

RSR Price Today

RSR Price

₹0.2354

Price Change 24h

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0%

Price Change 7d

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4.34%

Market Rank

#176

Market Cap

₹1,347 Cr.

Trade Vol 24h

100 Cr

Circulating Supply

6,226 Cr. RSR

Trading Activity

71% Buy29% Sell

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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