What is the reserve rights coin?

The Reserve Rights coin, RSR, is the main coin of the Reserve ecosystem. The coin was launched in May 2020 by carrying out an ICO (Initial Coin Offering). According to the Reserve team, the RSR coin has no inherent utility except to vote on governance proposals and back the value of the RSV stablecoin when it loses its peg.

What is the reserve rights token (RSR)?

The second token in the ecosystem is the Reserve Rights Token (RSR). This token has two primary functions in the Reserve Protocol: It is a utility token, allowing holders to vote on governance proposals. It will help keep the RSV value at its target price of $1. Unlike the stablecoin RSV the RSR token is volatile.

What is the reserve rights project?

The Reserve Rights project allows users to save, spend, and receive traditional currency through the Reserve app and the Reserve Dollar (RSV), a stable digital currency maintaining 1-to-1 parity with the US dollar. The Reserve Rights token (RSR) is the second coin of Reserve Rights and helps to keep RSV stable.

Is reserve a human right?

Reserve network’s promise to its users is to combat hyperinflation of fiat currency worldwide. In a recent slew of tweets, it even claims stable currency to be “a human right.” Reserve is combatting the phenomenon through its RSR token, as well as a $1 USD-pegged stablecoin called RSV.