Reserve (RSR) Crypto Exchange

Reserve is a decentralized protocol that allows users to create stablecoins and believes that stable currency is a human right. It was founded by Nevin Freeman and Matt Elder in 2018 and launched in 2019. Reserve’s ultimate goal is to eradicate hyperinflation and help those affected by it. Users can exchange their depreciating currencies to Reserve’s stablecoin and use it as the same as fiat money.

The Reserve protocol functions with two tokens, RSV and RSR. RSV is a stablecoin that is backed by a basket of ERC-20 stablecoins with the help of smart contracts rather than the US dollar itself. The RSR token is utilized to maintain RSV’s value. That is done by either purchasing and burning the RSP tokens or selling them, depending on whether the value goes above or below $1. The RSR token is also a governance token.

In September 2022, Reserve announced that the full protocol will be deployed in October 2022. Not only a platform but also a dApp will go live, allowing users to create RTokens. With the launch of the mainnet, RSR will become a governance token and holders will be able to stake it.