Get started

Rsrusd

RSRUSD: buy setupCMC # 102 "What Is Reserve Rights (RSR)? Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform. Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities. Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem. In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool. Who Are the Founders of Reserve Rights? Reserve Rights was co-founded by Nevin Freeman and Matt Elder. Freeman is Reserve's CEO and a seasoned entrepreneur. He describes his life goal as "solving the coordination problems that are stopping humanity from achieving its potential." Matt Elder, on the other hand, is an experienced engineer who previously worked for Google and Quixey, and now works to oversee the architecture of the Reserve protocol implementation as the project’s CTO. Since its launch in 2019, the Reserve team has grown considerably, and now includes more than two dozen individuals, which includes engineers, developers, and legal and compliance staff — all unified under the shared ambition to position Reserve as an open, massively scalable stablecoin that promotes economic prosperity. What Makes Reserve Rights Unique? Unlike other stablecoins that are typically backed by U.S. dollars (USD) held in reserve in a bank account controlled by the stablecoin issuer or a trusted custodian, Reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts. This basket initially consists of Ethereum stablecoin assets, including USD Coin (USDC), True USD (TUSD) and Paxos (PAX), but there are plans to later transition to a more diverse basket, which might eventually include fiat currencies, securities, commodities and complex asset types, like synthetics and derivatives. Arguably Reserve's major defining feature is its Reserve Rights token, which is minted and sold when the RSV stablecoin loses its peg with the U.S. dollar. The funds generated by selling RSR tokens are used to replenish the RSV collateral pool, whereas when RSV is valued at above $1, the additional collateral will be used to purchase and burn RSR from the secondary market, driving down the supply. Arbitrageurs can benefit from this mechanism when RSV is valued at above $1.00, by buying RSV at $1.00 from the Reserve smart contract using RSR, and then selling it at the current market price to net the difference as profit. This option is only available to RSR holders, and is currently one of the main drivers for holding RSR tokens. How Many Reserve Rights (RSR) Coins Are There in Circulation? Reserve Rights has a fixed supply of 100 billion tokens. Out of this, less than 10% are currently in circulation as of October 2020. The maximum token supply has already been pre-mined, but a large proportion is locked for various reasons, including 55.75% of the supply locked in a smart contract known as the "slow wallet.” Funds from this wallet are released following a one-month delay with a public on-chain message from the Reserve team explaining the purpose of the withdrawal. Although RSR has a fixed supply of 100 billion tokens while on Ethereum, the Reserve team has stated that this maximum supply might change once Reserve moves to its mainnet — an event currently slated to occur in 2020. The Reserve Rights token initially launched with a circulating supply of 6.85 billion tokens, of which 3% were distributed to Huobi Prime IEO participants, 2.85% released as project tokens and 1% to private investors. All team, advisor, partner, and seed investor tokens will remain locked until after the mainnet is launched. How Is the Reserve Rights Network Secured? Reserve Rights is currently an ERC-20 token based on the Ethereum blockchain. As a result, it is secured against attacks by a robust proof-of-work (POW) consensus mechanism backed by a network of thousands of Ethereum miners. Reserve Rights is scheduled to migrate to its mainnet in 2020. As of October 2020, Reserve has not yet announced which consensus mechanism the new blockchain will use to secure the network."
RLong
by sequentialvision
Reserve Rights RSR Prepare For SellOffThe crypto market is living its last bubble days. The prices do not reflect any fundamentals. Cryptos are pure retail investments gambling at this point. AAVE Fully Diluted Market Cap $5,476,626,682 vs Biggest German Bank, Deutsche Bank 23.864B Market Cap Moderna - saves the world from Covid-19 - 69.146B Market Cap Ebay - Market Cap 42.174B FORD - 42.174B MARKET CAP When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends. When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing. If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
Short
by BuySellMarketMaker
5
RSR - bullish symmetrical triangle?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome. Trend = Bullish, but consolidating (LH, but HL) Notes: - Forming symmetrical triangle on the 1H/4H - D1/W1 support holding nicely - Symm triangle breakout could coincide with breaking W1 resistance Ideas: - If symm triangle breaks up and we break the W1 resistance I'm expecting continuation to the upside Daily resistance above the weekly should pose no issue in that case
Long
by Sidders
10 CRYPTOCURRENCIES TO 10X IF INVESTED IN 2021 | 6: ReserveDISCLAIMER: The following is not financial advice. Invest at your own risk. This is part 6 of the 10 part series of 10 Cryptocurrencies you should invest in 2021 to have exponential returns in the future. The investment strategy centers on fundamentals and predictive models. It assumes all exponential assets obey the following: Volume and Price action is everything. Price always reaches the upper band (green in color in the chart) of the previous cycle high. Ignores black swans and outliers ("A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.") Price always regresses to the mean: Fibonacci zone 50%. Each cycle's return diminishes by Fib levels: 100% to 78.6% to 61% and so on Why you should invest in Reserve Rights: Projected ROI on Log Scale: 1100% or more Projected Price Target: 0.38993 Maximum Drawdown on Log Scale: 100 to 300% Risk/Reward: 11X Expected timeline: 1 to 3 years (Please note the predictive model doesn't predict time period. It simply predicts price projection) Fundamentals of Price Movement: Since chart data for RSR is limited, we are going to focus on key fundamentals like Problems, Solutions, Team, and Investors. Please do your research before investing. I provided links at the end to help you out. RSR is right now aiming to be a currency for countries with high inflation. However, they want to be a global currency of the world. Stable coins just got legalized:https://www.coindesk.com/occ-banks-stablecoin-payments It's backed by top Silicon Valley investors, including Peter Thiel (Peter Thiel usually don't make a shitty investment). Nevin Freeman, it's CEO, is a genius and visionary. I can tell when I see one. It were part of Davos 2019 discussion: www.youtube.com Massive inflows of Smart Money in Bitcoin means massive inflows of money into major altcoins based on Market Capital. Altcoins are one cycle behind bitcoin, which means the return in altcoins will be 2X to 10X the return of Bitcoin. Total Crypto Altcoin market cap expected to reach 2.5 to 5 trillion in this cycle. See the chart below: Research Materials to Learn More: www.realvision.com reserve.org marketsuncovered.medium.com Don't forget to like this if it helps you. Welcome to the greatest wealth transfer of the generation. Check the previous post below. Next post will be about Band Protocol
Long
by filagotnochill
12
✳️Reserve Rights/USDT Analysis (27/12) #RSR $RSRThe buying power appeared in 0.016-0.017$ zone and RSR will increase again and retest the bottom of the broken symmetrical triangle pattern at 0.019-0.02$, if successful conquering this zone, RSR can completely rise sharply to the zones of 0.027$, 0.032$ and even the ATH zone at 0.039$ 📈BUY -Buy: 0.016-0.017$. SL B -Buy: 0.019-0.020$ if A. SL B 📉SELL -Sell: 0.027-0.028$. SL A -Sell: 0.032-0.033$. SL A -Sell: 0.038-0.039$. SL A ♻️BACK-UP -Sell: 0.016-0.017$ if B. SL A -Buy: 0.013-0.014$. SL B -Sell: 0.013-0.014$ if B. SL A -Buy: 0.009-0.010$. SL B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
✳️Reserve Rights/USDT (28/11) View + Trading Plan #RSR $RSRRSR is currently under very strong selling pressure and it is likely to continue falling to re-test the 1600sts zone. If successful, it will rise back to the 2000sts zone and possibly increase to the 2800sts zone. But the high possibility is that the uptrend of the RSR has ended and will fall sharply to the 1000sts in December 📈BUY- LONG -Buy: 1600-1700sts.SL B -Buy: 2000-2100sts if A, SL B 📉SELL-SHORT -Sell: 2000-2100sts, SL A -Sell: 2700-2800sts, SL A ♻️BACK-UP -Sell: 1600-1700sts if B, SL A -Buy: 900-1000sts, SL B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation