Reserve Rights (RSR) Price

Current Price: $0.001254

24-Hour Change: +2.75%

Market Cap: $78,446,822

24h Volume: $6,453,093

24h High: $0.001261

24h Low: $0.001194

Market Cap Rank: #305

About Reserve Rights

What Is Reserve Rights (RSR)? Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration. The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering IEO on the Huobi Prime platform. What is Reserve Rights (RSR) used for? Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed & voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default. In order for RSR holders to provide this overcollateralization, they can decide to stake on any one RToken, or divide their RSR tokens by staking on multiple RTokens