RSR Reserve Rights
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Frequently Asked Questions
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Overview of Reserve Rights
Reserve Rights (RSR) is a utility token that plays a crucial role in the Reserve Protocol, a platform designed to create and manage asset-backed stablecoins. Here are the key use cases of Reserve Rights:
Governance and Voting
- Proposal Voting: Holders of RSR tokens can propose and vote on changes to the Reserve Protocol, influencing the management and direction of the stablecoins (RTokens).
- Decision Making: The weight of a holder's vote is proportional to their RSR holdings, allowing them to participate in governance decisions.
Economic Stability
- Overcollateralization: RSR tokens are used to ensure the overcollateralization of RTokens, adding a layer of financial stability to the protocol.
- Stability Mechanisms: RSR helps maintain the value of RTokens by providing a buffer against potential defaults of collateral assets.
Staking and Incentives
- Staking: RSR holders can stake their tokens on RTokens to provide overcollateralization and earn revenue generated from the underlying collateral.
- Revenue Sharing: Governance can direct a portion of the revenue to RSR stakers, incentivizing them to provide overcollateralization.
Recapitalization
- Emergency Funding: In the event of a collateral default, staked RSR can be seized to recapitalize the network, ensuring the solvency of RTokens.
Integration and Flexibility
- Protocol Integration: RSR is integrated into the Reserve Protocol, allowing for the creation and management of asset-backed stablecoins on Ethereum, Base, and Arbitrum.
- Flexibility: The Reserve Protocol is designed to be flexible, allowing for various governance systems and revenue sharing models for different RTokens.
Last Updated: 11/30/2024 11:11 UTC -
Pros of Reserve Rights
- Stability: Reserve Rights aims to provide a stable exchange medium, addressing the volatility issue in cryptocurrencies, which hinders their adoption as a reliable form of payment.
- Decentralized Governance: The RSR token allows holders to participate in governance through voting on proposals, ensuring a decentralized decision-making process.
- Accessibility: The protocol includes fiat on/off ramps, making it easier for new users to enter the system without needing third-party exchanges.
- Diverse Backing: The RSV stablecoin is backed by a basket of cryptocurrencies, including Ethereum, USD Coin (USDC), True USD (TUSD), and Paxos Standard (PAX), providing a robust and diversified collateral base.
- Global Reach: The Reserve Protocol aims to create a universally-backed cryptocurrency that can be used globally, particularly in regions affected by hyperinflation.
Cons of Reserve Rights
- Volatility of RSR: The RSR token itself is volatile, which can affect its utility and value within the Reserve Protocol system.
- Complexity: The dual-token system and the use of arbitrage mechanisms can be complex for new users to understand.
- Competition: The Reserve Protocol faces competition from other stablecoin projects, which can make it challenging to achieve widespread adoption.
- Regulatory Challenges: The decentralized nature of the Reserve Protocol may pose regulatory challenges, particularly in jurisdictions with strict financial regulations.
- Dependence on Ethereum: The Reserve Protocol currently operates on the Ethereum blockchain, which means it is subject to the limitations and potential issues of the Ethereum network.
Last Updated: 11/30/2024 11:12 UTC -
Founders of Reserve Rights
The founders of Reserve Rights are Nevin Freeman and Matt Elder. Nevin Freeman serves as the CEO and has a background in launching successful tech firms. Matt Elder is the CTO and has experience working at companies like Alphabet, IBM, and Quixey.
Last Updated: 11/30/2024 11:12 UTC -
Investors in Reserve Rights
- Seed Round: The seed round raised $4.96 million at a price of $0.0004, valuing the project at $40 million. The vesting period for this round was 6 months after the mainnet launch.
- Private Round: The private round raised $2 million at a price of $0.002, valuing the project at $200 million. The vesting period included 25% at token generation event (TGE) and 25% monthly.
- Public Rounds:
- Public 1 Round: Raised $360,000 at a price of $0.0006, valuing the project at $60 million. The tokens were 100% unlocked.
- Public 2 Round: Raised $2.64 million at a price of $0.0011, valuing the project at $110 million. The tokens were 100% unlocked.
- Team & Advisors: Information on investments from the team and advisors is not publicly available.
- Partnerships: Information on investments from partnerships is not publicly available.
- Foundation: Information on investments from the foundation is not publicly available.
Last Updated: 11/30/2024 11:12 UTC -
Halal Status of Reserve Rights
- Halal Status: Yes
- Reason: Reserve Rights is considered halal because it operates within a framework that aligns with Islamic principles. It is a governance and insurance token for the Reserve Protocol, which creates decentralized stablecoins backed by baskets of cryptocurrencies and tokenized real-world assets. The protocol's revenue model avoids interest-based income and focuses on transaction fees and arbitrage opportunities, which are in line with Islamic principles of risk-sharing and asset-backed value creation.
Last Updated: 11/30/2024 11:13 UTC
Description
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The Reserve Protocol itself aims to provide a scalable and decentralized platform for stablecoins backed by a diverse array of assets. RSR plays a dual role within the Reserve Protocol: it acts as a safety net for the protocol's stablecoins by allowing token holders to stake RSR for collateral security, and it empowers these holders with governance rights to vote on proposals.
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Market Data
Rank: | 167 |
Volume: | 61M |
Marketcap: | 490M |
Fully Diluted Value: | 904M |
Circulating Supply: | 55% |