Reserve Rights Trading 4.9% Higher Over Last Week (RSR)

Reserve Rights (RSR) traded down 5.5% against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on January 24th. Reserve Rights has a market cap of $179.31 million and approximately $26.12 million worth of Reserve Rights was traded on exchanges in the last 24 hours. In the last week, Reserve Rights has traded 4.9% higher against the U.S. dollar. One Reserve Rights token can now be bought for about $0.0042 or 0.00000019 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded down 9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 4.3% lower against the dollar and now trades at $0.0590 or 0.00000261 BTC.
  • CareCoin (CARES) traded 4.3% lower against the dollar and now trades at $0.0732 or 0.00000324 BTC.
  • OmniaVerse (OMNIA) traded down 43.4% against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded 4.3% lower against the dollar and now trades at $90.62 or 0.00400651 BTC.
  • Lunar (LNR) traded 5.1% higher against the dollar and now trades at $0.0286 or 0.00000127 BTC.
  • Hokkaidu Inu (HOKK) traded down 2.8% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded down 4.3% against the dollar and now trades at $6,361.15 or 0.28122715 BTC.
  • 2G Carbon Coin (2GCC) traded 0.3% lower against the dollar and now trades at $135.02 or 0.00596925 BTC.
  • Lego Coin (LEGO) traded 1.2% lower against the dollar and now trades at $0.0398 or 0.00000176 BTC.

Reserve Rights Token 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. Reserve Rights’ official website 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 buy alternative cryptocurrencies such as Reserve Rights directly using U.S. dollars. Investors seeking to trade Reserve Rights should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Reserve Rights using one of the exchanges listed above.

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