How to buy Reserve Rights Token (RSR)
A beginner's guide to buying and selling RSR in Australia.
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How to buy Reserve Rights Token
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Reserve Rights Token.
- Open an account on an exchange that supports RSR.
Most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Reserve Rights Token.
- Buy Reserve Rights Token.
Complete your Reserve Rights Token purchase and then find the best wallet to store RSR.
What is Reserve Rights Token?
The Reserve Rights protocol is a decentralised blockchain-based platform that seeks to help establish a crypto ecosystem that is completely independent and can provide millions of unbanked individuals seamless access to a wide array of traditional finance tools. The protocol features a stablecoin that is backed by a diverse set of assets and is designed to facilitate low-cost cross-border transactions. The ecosystem features two currencies, namely Reserve (RSV) and Reserve Rights (RSR). While RSV serves as a stable coin that is fully asset-backed and scalable, RSR serves more as a fluctuating token that helps ensure that the value of RSV stays stable at all times. Furthermore, it provides users with the cryptographic right to purchase excess Reserve tokens if they wish to do so.
Reserve Rights Token (RSR) is the 92nd largest cryptocurrency in the world by market cap, valued at $1,268,200,401. The current price of Reserve Rights Token is $0.096, which is -0.025% lower than yesterday. Prices have ranged between $0.132 and $0.095 over the past 24 hours. All prices are listed in AUD and accurate as of 23 April, 2021 07:04 UTC.
Where to buy Reserve Rights TokenFind an exchange to buy, sell and trade RSR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Reserve Rights Token at a glance
|Total RSR supply||100,000,000,000|
Reserve Rights Token price performance over time
How to sell Reserve Rights Token
You can cash out your RSR with the same exchange you bought it through:
- Sign in to the exchange you have RSR on.
If you store your Reserve Rights Token in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of RSR you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Reserve Rights Token.
What to consider when buying Reserve Rights Token
- Solid investor backing: The Reserve Rights protocol is backed by a number of high-profile Silicon Valley giants as well as venture capital firms including Coinbase Ventures, BlockTower Capital, Rocketfuel, Fenbushi Capital, Digital Currency Group and Arrington Capital.
- Stability-centric business model: The Reserve Stablecoin (RSV) is backed by a number of stablecoins including USD Coin (USDC), TrueUSD (TUSD) and Paxos Standard (PAX), with more assets likely to be added to RSVs basket of backing assets in the near-to-mid term. Each RSV, in turn, is stabilised using the Reserve Rights (RSR) token that acts as a buffer and absorbs any price fluctuations that are being witnessed by the market.
- Designed for cross-border transactions: The Reserve Rights protocol is designed primarily to help in the seamless transfer of value across international borders in a cheap, sustainable manner. Furthermore, using its various native token offerings, it seeks to protect the savings of its users from the effects of hyperinflation, thus making it ideal for use within countries that are currently witnessing a continual debasement of their local fiat currencies, such as Venezuela, South Sudan and Argentina.
- Solid backing team: The Reserve Protocol team boasts of a team of 18 highly experienced individuals — including Nevin Freeman, Matt Elder and Miguel Morel — who have worked for tech giants such as Alphabet, Tesla, IBM, OpenAI and Hashgraph in the past.
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