Reserve Rights Token (RSR) belongs to the Reserve Protocol and its broader ecosystem. The token debuted in 2019 as part of the Reserve protocol’s push to help drive wider cryptocurrency adoption. In particular, the protocol offers tools that let users both build their own stablecoins and benefit from them across different regions worldwide. The ecosystem includes the protocol, the Reserve app, and the RSV stablecoin. Its distinctive dual-token design is intended to help tackle problems tied to extreme volatility in the crypto market.

RSR is an ERC20 token with a total supply of 100000000000. It functions as both a utility token and a governance token for the Reserve Rights platform.

What are Reserve Rights key features and how does it work?

A key component of the Reserve protocol ecosystem is the RSV stablecoin. It wraps existing USD fiat-backed cryptocurrencies and is backed by USDC, TUSD, and USDP. These stablecoins are handled by smart contracts called the Reserve vault. This setup means that every stablecoin issued on the platform is supported by a range of different coins.

RSR is designed to be used in situations where RTokens default on their collateral. RTokens are the stablecoins created on the platform; they are fully collateralized and can be redeemed 1:1 for what they’re backed by. If the value of an asset held in the Reserve protocol falls below a set threshold and can’t secure its RSV, RSR is used to re-capitalize the system. As a result, there is a negative relationship between the amount of RSV in circulation and the amount of RSR in circulation. 

What is noteworthy about Reserve Rights?

The Reserve ecosystem also includes the RPay App. This wallet lets users store and transfer crypto. Users can deposit and withdraw assets in whatever currency they prefer-fiat or crypto.

Where can you buy RSR?

RSR can be traded on the CEXs and DEXs mentioned here. Among the most widely used venues with strong liquidity are Binance, OKX, Gate.io and KuCoin. RSR’s price may differ across exchanges and broader market conditions. For the latest and historical market information, check the price charts on this page.