$ 0.011062 USD
$ 0.011062 USD
$ 599.372 million USD
$ 599.372m USD
$ 79.297 million USD
$ 79.297m USD
$ 512.776 million USD
$ 512.776m USD
53.834 billion RSR
Issue Time
2019-05-22
Platform pertained to
--
Current coin price
$0.011062USD
Market Cap
$599.372mUSD
Volume of Transaction
24h
$79.297mUSD
Circulating supply
53.834bRSR
Volume of Transaction
7d
$512.776mUSD
Change
24h
+3.52%
Number of Markets
251
Current Rate0
0.00USD
3H
+2.51%
1D
+3.52%
1W
-18.93%
1M
+48.25%
1Y
+315.2%
All
+223.33%
Aspect | Information |
---|---|
Short Name | RSR |
Full Name | Reserve Rights Token |
Founded Year | 2017 |
Main Founders | Nevin Freeman, Matt Elder |
Support Exchanges | Binance, Huobi Global, OKEx, BitZ, Upbit |
Storage Wallet | MyEtherWallet, Ledger, Trezor, MetaMask |
Reserve Rights Token (RSR) is a type of cryptocurrency that was established in 2017. The token is co-founded by Nevin Freeman and Matt Elder. This cryptocurrency is supported by various exchanges including Binance, Huobi Global, OKEx, BitZ, and Upbit. In terms of storage, the tokens can be kept in various wallets such as MyEtherWallet, Ledger, Trezor, and MetaMask. It is predominantly utilized to maintain the stability of Reserve's stablecoin, the Reserve Stablecoin (RSV). It aims to play a role in the broader digital currency ecosystem by providing additional utility and functionality.
Pros | Cons |
---|---|
Supported by multiple exchanges | Relatively new in the cryptocurrency market |
Can be stored in various wallets | Limited number of partners and relationships |
Role in maintaining stability of Reserve's stablecoin | Dependence on broader adoption of Reserve's stablecoin |
Has potential utility in the digital currency ecosystem | Market volatility may affect token value |
Reserve Rights (RSR) is anticipated to maintain a stable price, fluctuating between $1.00 and $1.00, across the years 2030, 2040, and 2050, with no significant changes in value, according to historical trends and technical analysis.
RSR token is supported by various exchanges, allowing trading in a range of currency pairs or token pairs. Here are ten examples of such exchanges:
1. Binance: It supports trading pairs RSR/USDT, RSR/BTC and RSR/BUSD. Binance possesses one of the largest ranges of available cryptocurrencies for trading, and offers options for both beginner and advanced level traders.
2. Huobi Global: This exchange platform supports trading pairs in RSR/USDT and RSR/BTC. Huobi is recognized for its international reach, offering its services in several countries.
3. OKEx: Supports trading pairs in RSR/USDT, RSR/BTC and RSR/ETH. OKEx is known for offering a vast range of digital assets for trading.
4. BitZ: BitZ supports the trading pair RSR/USDT. It's known for its multi-tier security system and providing a user-friendly environment.
5. Upbit: Here, the supported trading pair is RSR/KRW. Upbit is popular in South Korea and provides an extensive range of cryptocurrency trading options.
RSR tokens can be stored in several types of wallets, each offering different features. They fall under various categories as mentioned below:
1. Web Wallets Browser Extensions:Web wallets, such as MetaMask, run as a browser extension and provide a balance between security and ease of use. They're excellent for daily transactions and participating in DeFi platforms, but they should not be used for storing large amounts of cryptocurrencies due to potential vulnerabilities associated with internet connections.
2. Mobile Wallets: Mobile wallets like Coinbase Wallet offer convenience and enhanced accessibility as they allow users to access and transact their RSR tokens from their smartphones. However, the security depends on the protection measures on the phone and the wallet app itself.
3. Hardware Wallets: Hardware wallets such as Ledger and Trezor provide the highest security for storing cryptocurrencies. They store the user's private keys in a protected area of a microcontroller, and they cannot be transferred out of the device in plaintext, which makes them immune to computer viruses that steal from software wallets.
4. Desktop Wallets: Desktop wallets are downloaded and installed on a PC or laptop. They are accessible from the machine on which they were downloaded. Wallets like Exodus, which supports RSR tokens, provide control over the private keys and offer a high-security level.
Q: What are some of the most popular exchanges that list RSR for trading?
A: Notable exchanges that list RSR include Binance, Huobi Global, OKEx, BitZ, and Upbit, among others.
Q: How can I securely store my RSR tokens?
A: RSR tokens can be securely stored in a variety of wallets, such as MyEtherWallet, Ledger, Trezor, and MetaMask.
Q: What differentiates Reserve Rights Token from other cryptocurrencies?
A: RSR is unique in its role as a stabilizing entity for another token (RSV), working within a dual-token system, unlike most cryptocurrencies which function independently.
Q: How does the value of RSR potentially increase?
A: The value of RSR can potentially rise if there's an increase in the adoption and success of the Reserve Protocol's stablecoin RSV, amongst other market conditions.
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