RSR

Reserve Rights price

RSR
|
3.5/5
CyberScope
4.2
05/18/2024
TokenInsight
2.8
11/28/2022
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USD
USD
$0.0085500
+0.58%
1h
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Reserve Rights price live data

The current price of Reserve Rights is $0.0085500. Since 00:00 UTC, Reserve Rights has increased by +0.59%. It currently has a circulating supply of 50,600,000,000 RSR and a maximum supply of 100,000,000,000 RSR, giving it a fully diluted market cap of $432.43M. At present, Reserve Rights holds the 92 position in market cap rankings. The Reserve Rights/USD price is updated in real-time.

Reserve Rights price performance in USD

Time periodChange amount%Chg
Today$0.000050000 +0.58%
7 days$0.0023540 +37.99%
30 days$0.0028480 +49.94%
3 months$0.0056820 +198.11%

Reserve Rights market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.0076600
Last price $0.0085500
24h high$0.0086600
Heat index ranking
14
Market cap ranking
92
Market cap
$432.43M
Favorited rate
Percentage of users who favorited this asset to all users
1.40%
All-time high
$0.11880
-92.81% (-$0.11025)
Apr 17, 2021 (3 years ago)
All-time low
$0.0015840
+439.77% ($0.0069660)
Aug 18, 2023 (9 months ago)
ICO date
05/22/2019
ICO price
The price at which this crypto was first traded
$0.0050000
Circulating supply
The amount of this crypto that is publicly available in the market
50,600,000,000 RSR
Market cap at circulating supply
Market cap = Circulating supply × Last price
$854.60M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 10/01/2019

About Reserve Rights (RSR)

One of the most important types of cryptocurrency is called a stablecoin. As the name suggests, stablecoins are resistant to volatility that troubles other digital currencies. This comes from the fact that they are backed by other assets of value. Their price is pegged to fiat currencies, with the USD being the most common.

However, one problem with stablecoins is that they are mostly centralized. Their supply is controlled by a company, like Tether in case of USDT, or Circle in case of USDC. Over the years, the crypto industry attempted to make an alternative form of stablecoin that would be decentralized and censorship-resistant. This led to the creation of RTokens, and Reserve Rights (RSR).

What is Reserve Rights?

Reserve Rights stands as a decentralized protocol for asset-backed stablecoins. Operating with a dual-token system, it aims to craft stablecoins that are resistant to censorship. The primary stablecoin, RSV, constitutes the initial crypto token, while the second, RSR, functions as an ERC-20 token, fulfilling dual roles. Notably, RSR operates as a governance token, enabling holders to propose and vote on protocol alterations. Additionally, RSR is pivotal for over-collateralization for the protocol's stablecoin, RSV.

The Reserve Rights team

Matt Elder and Nevin Freeman co-founded Reserve Rights. Elder, who previously worked at Google and Quixey, now serves as Reserve's CTO, bringing his wealth of engineering expertise to the project. A seasoned entrepreneur, Freeman leads the team as the CEO, spearheading Reserve's vision. The project, launched in 2019, has witnessed significant growth under their guidance. The Reserve team has expanded to include over 200 talented individuals, including developers, engineers, legal experts, and compliance staff.

RSR: Reserve Rights’ native token

The native cryptocurrency of Reserve Rights is known as the RSR token. It was introduced in May 2019, with an initial launch price of $0.005. The project's team pre-mined a total supply of 100 billion units. Currently, the circulating supply of RSR tokens stands at 50.6 billion.

How does Reserve Rights work?

The project’s RSR token is used as overcollateralization of Reserve stablecoins via staking and governance. Therefore, RSR exists as a backstop to make Reserve stablecoin holders whole in the unlikely event of a collateral token default. The only way for RSR holders to provide this overcollateralization, is by staking their tokens on Reserve stablecoin staking pools. In return, stakers are rewarded based on the revenue distribution of the protocol. Besides from that, RSR is used as the Reserve Rights governance token. Therefore RSR holders can vote and propose changes within the protocol.

RSR token use cases

The RSR token serves a dual purpose, offering users opportunities for staking and governance participation. Users wield the capability to suggest modifications and vote on proposals advanced by fellow users. Moreover, RSR tokens can be staked, playing a role in overcollateralizing Reserve Rights' stablecoins, thereby allowing holders to garner an annual percentage yield (APY) linked to their staked quantity. Additionally, the token can be seamlessly traded on the open market, opening up opportunities for exchange.

RSR token distribution

Reserve Rights allocated its tokens as follows:

  • 49.4 percent of the total supply was locked in a smart contract called the "Slow Wallet" for gradual release.
  • 3 percent was allocated to Huobi Prime's initial exchange offering (IEO) participants.
  • 2.85 percent was reserved for the project.
  • 1 percent was distributed to private investors.
  • 43.75 percent of the tokens were released into circulation.

RSR FAQ

What is Reserve Rights?

Reserve Rights is a decentralized protocol for asset-backed stablecoins, characterized by the tandem presence of two tokens: Reserve Rights stablecoins (RSV) and Reserve Rights (RSR). The RSR token acquires prominence through its role in overcollateralizing the Reserve stablecoins. Beyond this, it shoulders a pivotal function in the protocol's governance, empowering holders to actively partake in the decision-making process by voting on proposals and advocating for protocol alterations.

What are the benefits of holding RSR?

The main benefit of holding RSR is that holders are able stake the token in order to Reserve stablecoin pools. In return, participants receive APY based on the amount of tokens they stake. 

Where can I buy RSR tokens?

Easily buy RSR tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include RSR/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Cardano (ADA), for RSR with zero fees and no price slippage by using OKX TR Convert.

RSR calculator
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1 RSR ≈ $0.0085500 USD
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