Reserve Rights (RSR) Trading 8.9% Lower Over Last 7 Days

Reserve Rights (RSR) traded down 3.3% against the US dollar during the twenty-four hour period ending at 0:00 AM ET on November 24th. During the last week, Reserve Rights has traded down 8.9% against the US dollar. Reserve Rights has a total market capitalization of $164.26 million and $8.71 million worth of Reserve Rights was traded on exchanges in the last 24 hours. One Reserve Rights token can now be purchased for $0.0039 or 0.00000024 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded 11.8% lower against the dollar and now trades at $0.37 or 0.00002266 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 6.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 1.6% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 1.6% against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 5.1% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded up 3% against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded 1.6% higher against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded 3.1% higher against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded down 15.4% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 1.6% against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

Reserve Rights Profile

Reserve Rights launched on May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 tokens and its circulating supply is 42,302,323,974 tokens. Reserve Rights’ official Twitter account is @reserveprotocol and its Facebook page is accessible here. The Reddit community for Reserve Rights is https://reddit.com/r/reserveprotocol and the currency’s Github account can be viewed here. The official website for Reserve Rights is reserve.org.

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 US dollars. Investors seeking to trade Reserve Rights should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Reserve Rights using one of the exchanges listed above.

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