What’s special about Reserve Rights Token (RSR)?
RSR – Reserve Rights is a utility token of the Reserve Protocol for a stablecoin built on the Ethereum network.
When the Reserve Right’s team wanted to build a long-term stablecoin, they made several design decisions, including an asset peg bound to a fiat currency for a short time but is tied to a basket of assets in the long run. It will be completely collateralized with a decentralized issuance system.
The Reserve Protocol contains a double symbolic model: the RSR utility token and the RSV stablecoin supported by a basket of assets as security.
The RSV, however, a global stablecoin and a sophisticated payment system for individuals and organizations in hyperinflationary countries.
Reserve began as a fiat-pegged stablecoin that will eventually migrate to a variety of asset-backed Stable-currency.
Future of RSR Token
Ongoing Development on the Reserve Rights – RSR Github, significant partnerships/collaborations, progress made so far.
Reserve is a digital currency with a stable, real-world value that helps to scale prosperity and enable global economies to protect and use their money globally.
Reserve aims to save citizens of economies that are currently going through hyperinflation.
The Reserve Rights project is an open-source project with 23 repositories with no published releases.
The RSR smart-contract repository
Source: githubThe RSR smart-contract repository forked from the KyberNetwork/smart-contract repository can be found at reserve-protocol/smart-contracts and currently has 1587 commits.
Reserves Stablecoin RSV
Source: githubReserves Stablecoin RSV can be explored at Reserve-protocol/RSV-v2, having three significant …
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