Reserve Rights (RSR) Trading 4.8% Lower Over Last Week

Reserve Rights (CURRENCY:RSR) traded 6.6% higher against the US dollar during the 1 day period ending at 11:00 AM ET on October 14th. In the last week, Reserve Rights has traded down 4.8% against the US dollar. One Reserve Rights coin can currently be bought for $0.0356 or 0.00000062 BTC on popular exchanges. Reserve Rights has a market capitalization of $469.15 million and $44.49 million worth of Reserve Rights was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Starname (IOV) traded down 3.9% against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00001737 BTC.
  • Chainlink (LINK) traded up 9.5% against the dollar and now trades at $27.20 or 0.00047261 BTC.
  • Polygon (MATIC) traded up 2.4% against the dollar and now trades at $1.32 or 0.00002639 BTC.
  • Polygon (MATIC) traded up 5.5% against the dollar and now trades at $1.28 or 0.00002227 BTC.
  • Axie Infinity (AXS) traded 14.2% higher against the dollar and now trades at $136.85 or 0.00237765 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded 4.1% higher against the dollar and now trades at $55.42 or 0.00096298 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001739 BTC.

About Reserve Rights

Reserve Rights (CRYPTO:RSR) is a coin. It launched on May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 coins and its circulating supply is 13,159,999,000 coins. The official website for Reserve Rights is reserve.org. Reserve Rights’ official Twitter account is @reserveprotocol.

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 possible to purchase alternative cryptocurrencies such as Reserve Rights directly using U.S. dollars. Investors seeking to acquire Reserve Rights should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Reserve Rights using one of the aforementioned exchanges.

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