Reserve Rights

About Reserve Rights

Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing and voting on changes to their configuration. The token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform. Reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts, unlike traditional stablecoins backed by fiat in bank accounts. RSR holders can stake their tokens on RTokens to provide a backstop against collateral defaults, earning a portion of the revenue generated by the RToken in return. The protocol aims to create an open, massively scalable stablecoin platform that promotes economic prosperity.

• Reserve Rights has a fixed supply of 100 billion tokens, with about 52% in circulation as of September 2024.
• 49.4% of the total supply is locked in a smart contract known as the 'Slow wallet,' released according to a deterministic schedule.
• The token launched with a circulating supply of 6.85 billion, with 3% distributed to Huobi Prime IEO participants.
• Reserve was co-founded by Nevin Freeman and Matt Elder, who previously worked at Google and Quixey.
• RSR staking is designed so that late participants do not pay for early participants, and no trust in staking of other parties is required.