Explore the innovative dual-token stablecoin ecosystem designed to combat volatility and hyperinflation.
The Reserve Rights Token (RSR) is a pivotal component of the Reserve Protocol, a decentralized stablecoin platform launched in May 2019. Unlike traditional cryptocurrencies plagued by volatility, Reserve aims to create a scalable, inflation-resistant financial system through its dual-token model: the Reserve stablecoin (RSV) and the Reserve Rights Token (RSR).
How Reserve Rights Token (RSR) Works
Reserve operates on the Ethereum blockchain, leveraging smart contracts to maintain RSV’s peg to the US dollar ($1 = 1 RSV). Here’s how it achieves stability:
Key Mechanisms:
Arbitrage System:
- If RSV dips below $1, the protocol buys RSV to restore parity.
- If RSV exceeds $1, it mints new RSV and sells them for RSR or collateral assets.
RSR’s Role:
- Acts as a recapitalization tool if collateral assets devalue.
- RSR supply decreases when RSV supply expands, ensuring equilibrium.
Reserve Rights Token Calculator:
| Currency | RSR Amount | Equivalent Value |
|---|---|---|
| EUR | [Input] | [Calculated] |
Founders and Development Team
- Nevin Freeman (CEO): Serial entrepreneur and co-founder of Reserve.
- Matt Elder (CTO): Ex-Google engineer and Linux Standard Base contributor.
Backers: Coinbase Ventures, Sam Altman (Y Combinator), and Peter Thiel (PayPal co-founder).
What Makes Reserve Rights Token Unique?
- Diverse Collateral: RSV is backed by a basket of cryptocurrencies (e.g., USDC, PAX) and plans to include fiat/securities.
Decentralized Phases:
- Centralized → Decentralized → Independent (no USD peg).
- Hyperinflation Resistance: Targets economies like Venezuela and Argentina.
Reserve Rights Token Economics
- Max Supply: 100 billion RSR (subject to change).
- Circulating Supply: 6.85 billion initially (3B via Huobi Prime IEO).
- Distribution: Private investors (1B), project tokens (2.85B).
Security and Network
- ERC-20 Standard: Secured by Ethereum’s Proof of Work (transitioning to Proof of Stake).
- Future: Full mainnet launch planned for decentralization.
How to Use Reserve Rights Token
Applications:
- Stable Payments: Merchants avoid volatility risks.
- Remittances: Low-cost cross-border transactions.
Wallet Options:
| Type | Examples | Best For |
|---|---|---|
| Hardware | Ledger, Trezor | Large holdings |
| Software | MetaMask | Daily transactions |
| Web | Kriptomat | Trading |
👉 Buy RSR securely on Kriptomat
Frequently Asked Questions (FAQ)
1. Who uses Reserve?
- Primarily adopted in high-inflation countries (Venezuela, Argentina).
2. Will RSR stay on Ethereum?
- A mainnet launch may alter RSR’s supply and blockchain.
3. How to buy RSR?
- Purchase via exchanges like Kriptomat using fiat or crypto.
4. What’s RSR’s price outlook?
- Prices fluctuate based on demand, adoption, and market trends.
Final Thoughts
Reserve Protocol’s dual-token model addresses crypto’s volatility hurdle, offering a scalable solution for global finance. Despite competition from stablecoins like USDT or DAI, Reserve’s focus on decentralization and inflation resistance positions it as a transformative project.