Reserve Rights (RSR) Hits Market Capitalization of $164.56 Million

Reserve Rights (RSR) traded down 3.5% against the US dollar during the 24-hour period ending at 19:00 PM ET on November 24th. Reserve Rights has a total market cap of $164.56 million and approximately $9.20 million worth of Reserve Rights was traded on exchanges in the last 24 hours. One Reserve Rights token can currently be purchased for $0.0039 or 0.00000024 BTC on exchanges. In the last week, Reserve Rights has traded 7% lower against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • KILT Protocol (KILT) traded 14% lower against the dollar and now trades at $0.36 or 0.00002185 BTC.
  • Aidi Finance (BSC) (AIDI) traded 8.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 1.6% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 1.6% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 3.7% 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 up 3.1% 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. 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.”

Buying and Selling Reserve Rights

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

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