Reserve Rights (RSR) Price Reaches $0.0037 on Exchanges

Reserve Rights (RSR) traded 5.2% lower against the dollar during the twenty-four hour period ending at 16:00 PM Eastern on August 11th. One Reserve Rights token can now be bought for about $0.0037 or 0.00000006 BTC on popular exchanges. During the last seven days, Reserve Rights has traded 6.7% lower against the dollar. Reserve Rights has a market cap of $188.51 million and approximately $9.09 million worth of Reserve Rights was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.3% lower against the dollar and now trades at $0.0128 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 1% against the dollar and now trades at $0.0566 or 0.00000095 BTC.

Reserve Rights Profile

Reserve Rights’ genesis date was May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 tokens and its circulating supply is 51,059,494,603 tokens. Reserve Rights’ official Twitter account is @reserveprotocol and its Facebook page is accessible here. 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.

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.”

Buying and Selling Reserve Rights

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

RSR/USD price chart by TradingView