Reserve Rights (RSR) Price Tops $0.0042 on Major Exchanges

Reserve Rights (RSR) traded down 9.5% against the US dollar during the 1 day period ending at 14:00 PM Eastern on January 25th. Over the last week, Reserve Rights has traded up 14.2% against the US dollar. One Reserve Rights token can now be bought for about $0.0042 or 0.00000018 BTC on exchanges. Reserve Rights has a market cap of $177.54 million and $18.70 million worth of Reserve Rights was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • Aidi Finance (BSC) (AIDI) traded down 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 4.1% lower against the dollar and now trades at $0.0590 or 0.00000260 BTC.
  • CareCoin (CARES) traded 4.1% lower against the dollar and now trades at $0.0732 or 0.00000322 BTC.
  • OmniaVerse (OMNIA) traded 1.4% higher against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded 4.1% lower against the dollar and now trades at $90.60 or 0.00398993 BTC.
  • Lunar (LNR) traded down 4.7% against the dollar and now trades at $0.0277 or 0.00000122 BTC.
  • Hokkaidu Inu (HOKK) traded 15.2% higher against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 4.1% lower against the dollar and now trades at $6,359.68 or 0.28006346 BTC.
  • 2G Carbon Coin (2GCC) traded down 0.1% against the dollar and now trades at $135.57 or 0.00597014 BTC.
  • Lego Coin (LEGO) traded down 1.1% against the dollar and now trades at $0.0405 or 0.00000178 BTC.

About Reserve Rights

Reserve Rights’ launch date was May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 tokens and its circulating supply is 42,302,323,974 tokens. 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. Reserve Rights’ official Twitter account is @reserveprotocol and its Facebook page is accessible here.

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.”

Reserve Rights Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Reserve Rights directly using US dollars. Investors seeking to trade Reserve Rights should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Reserve Rights using one of the exchanges listed above.

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