Reserve Rights Price Tops $0.0063 on Top Exchanges (RSR)

Reserve Rights (RSR) traded 14.6% higher against the U.S. dollar during the 1-day period ending at 7:00 AM ET on March 22nd. Over the last week, Reserve Rights has traded 9.4% higher against the U.S. dollar. Reserve Rights has a market cap of $350.66 million and approximately $82.58 million worth of Reserve Rights was traded on exchanges in the last day. One Reserve Rights token can now be bought for approximately $0.0063 or 0.00000007 BTC on exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.3% against the dollar and now trades at $84,252.48 or 0.99860138 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1% against the dollar and now trades at $83,538.61 or 0.99014017 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Reserve Rights Token Profile

Reserve Rights launched on May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 tokens and its circulating supply is 55,899,740,295 tokens. The Reddit community for Reserve Rights is https://reddit.com/r/reserveprotocol and the currency’s Github account can be viewed here. The official website for Reserve Rights is reserve.org. Reserve Rights’ official Twitter account is @reserveprotocol and its Facebook page is accessible here.

According to CryptoCompare, “The Reserve Protocol holds the collateral tokens that back the Reserve token. When new Reserves are sold on the market, the assets used by market participants to purchase the new Reserves are held as collateral. This process keeps the Reserve collateralized at a 1:1 ratio even as supply increases.At times, the Reserve Protocol may target a collateralization ratio greater than 1:1. When this is the case, scaling the supply of Reserve tokens requires additional capital in order to maintain the target collateralization ratio. To accomplish this the Reserve Protocol mints and sells Reserve Rights tokens in exchange for additional collateral tokens.Collateral tokens are somewhat volatile. While we may be able to select a portfolio with minimal downside risk, the reality is that drops in the collateral tokens' value will happen. When this happens, the Reserve Protocol will sell newly minted Reserve Rights tokens for additional collateral tokens and add them to the backing.”

Reserve Rights Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Reserve Rights directly using U.S. dollars. Investors seeking to trade Reserve Rights should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Reserve Rights using one of the exchanges listed above.

RSR/USD price chart by TradingView