This week, the Reserve Rights crypto asset will be listed on Indodax. An open deposit will start on November 23, 2022, at 14:00 WIB (UTC +7), and open trading will also start on November 24, 2022, at 14:00 WIB (UTC +7).
Reserve Rights is a crypto asset working alongside the ERC20 network that aims to create a universal store of value. Curious? Come on, read more here!
Data and Information
Reserve Rights token (RSR) is a crypto asset used to facilitate the stability of Reserve tokens.
The Reserve project aims to create a censorship-resistant USD stablecoin, RSV, and a decentralized fiat on/offline. Ultimately, the Reserve’s goal is to create a universal store of value, especially in regions with unreliable banking infrastructure and hyperinflation.
The Reserve Project believes that the most responsible path for launching a decentralized digital asset is to start with a centralized fiat stablecoin, collect the necessary usage data, and use that data to develop a fully decentralized model. Below are the three phases in their roadmap:
- Centralized phase: The Reserve is backed by a small number of collateral tokens, each of which is a US dollar token.
- Decentralized phase: The Reserve is backed by a basket of assets that change in a decentralized way, but their price is still stable concerning the US dollar.
- Independent phase: Reserves are no longer pegged to the US dollar. It intends to stabilize real purchasing power regardless of fluctuations in the US dollar value.
The Reserve Project is still in phase 1, wherein the released USD stablecoin, RSV, is pegged to equal portions of USDC, TUSD, and PAX.
How is the Reserve Protocol Capitalized?
The Reserve protocol holds collateral tokens that back up Reserve tokens with smart contracts. When new Reserves are sold on the market, the assets used by market participants to buy further Reserves are placed into a smart contract to be held.
As collateral, this process guarantees reserves at a ratio of 1:1 even as supply increases. Occasionally, the Reserve Protocol may target a guaranteed proportion more significant than 1:1.
If so, scaling the supply of Reserve tokens requires additional capital to maintain the target collateralization ratio. To achieve this, the Reserve Protocol creates and sells Reserve Rights tokens in exchange for other collateral tokens.
Reserve Rights Crypto Assets
The current CoinMarketCap ranking is #131, with a live market cap of $158,608,520 USD. It has a circulating supply of 42,302,323,974 RSR coins and a max. supply of 100,000,000,000 RSR coins.
How to Buy Reserve Rights Crypto Assets on Indodax
For those of you who want to buy Reserve Rights crypto assets, you can buy them on Indodax starting November 23, 2022 at 14:00 WI (UTC +7).
Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for Reserve Rights in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy Reserve Rights . You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.
