Reserve Rights
Name
Reserve Rights
Summary
Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stablecoin platform on Ethereum.
The Reserve Protocol comprises a dual token model: the RSR utility token and the RSV stablecoin backed by a basket of assets as collateral.
Designed to help protect people against hyperinflation.
Rating
Symbol
RSR
Overview
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
The team decided that to build a lasting stablecoin, several design choices were necessary: an asset-peg that, short term, is set to a fiat currency, but long-term, is set to a basket of assets; fully collateralized backing; decentralized issuance mechanism.
Thus, Reserve starts as a fiat-pegged stablecoin with the goal of transitioning to a diverse asset-backed stable currency in the future. The price target is originally set to equal $1.00.
Historical Price Movement (in INR)
Technology
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.
Reserve's stability mechanism depends on arbitrage activities by users. For instance, when the price of RSV falls to 0.95:1.00 against the USD, in secondary markets, users can purchase 100 RSV priced at 0.95 USD per token on exchanges, and redeem these tokens on the Reserve platform for collateral tokens worth 100 USD. If the price of 1 RSV goes above 1 USD, users can purchase RSV on the Reserve platform and sell on exchanges for a profit.
Use of Native tokens in the ecosystem:
Insuring Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
Foundation
58.6%
Strategic Partners
5%
Team and Advisors
20%
Project Funding
16.4%
Volume ( as of 9th May 2022)
$38,175,378
Total Supply
100,000,000,000 RSR
Circulating Supply
16,892,581,096 RSR
Crowd Sales
22-05-2019 - IEO - $9.96M
Funding
19-01-2021 - Venture Round - NA
Country
United States
Name of Organisation
Reserve Protocol
Year Incorporated
2019
Registered Address
San Francisco Bay Area, West Coast, Western US
Dispute Resolution and Governing Law
United States
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Nevin Freeman | Founder | - | 12 yrs |
| Gabriel Jimenez | COO | Universidad Católica Andrés BelloDoctor of Law - JD, Law | 15 yrs |
| Matt Elder | CTO | University of Wisconsin-MadisonMS, Computer Science | 20 yrs |
| Cathleen Kilgallen | CFO | Hollins UniversityBA, Political Science, French | 17 yrs |
