Reserve aims to build a stable, decentralized, asset-backed cryptocurrency and a digital payment system that scales supply with demand and maintains 100% or more collateral backing. Ultimately, Reserve’s goal is to create a universal store of value – particularly in regions with unreliable banking infrastructure and regions where hyperinflation is an issue. The Reserve system will interact with three kinds of tokens: (1) The Reserve token (RSV), which is a stable cryptocurrency that can be held and spent the way we use normal fiat money; (2) The Reserve Rights token (RSR), a protocol token used to facilitate the stability of RSV. (3) A growing variety of tokenized real-world assets (such as other stablecoins) that are held by the Reserve smart contract to back RSV. The Reserve project is backed by people like PayPal co-founder Peter Thiel, YCombinator Chairman Sam Altman, and other influential Silicon Valley and crypto investors.
Reserve Rights Token is currently trading at $0.002134, which is up 2% over the last 24 hours; its market cap is $8.98M. 24 hour volume is $1.06M. It has a market cap rank of 1 with a circulating supply of 4,205,530,273. Reserve Rights Token is traded on 0 exchanges. Reserve Rights Token had an all-time high of $0.004961 6 months ago. Over the last 24 hours, Reserve Rights Token has had 0% transparent volume.