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The Reserve Rights Token (RSR) is part of the Reserve Protocol and its ecosystem. The token was launched in 2019 as part of the Reserve protocol’s mission to encourage the overall adoption of cryptocurrency. In particular, the protocol allows provides tools for users to create their own and use stablecoins to their advantage across the globe. The ecosystem comprises the protocol itself, the Reserve app, and the RSV stablecoin. Its novel dual-token system is aimed at addressing the issues of the extreme volatility of the crypto market.RSR is an ERC20 token and has a total supply of 100000000000. It operates as a utility token and governance token of the Reserve Rights platform.<h3>What are Reserve Rights key features and how does it work?</h3>As mentioned, a core part of the Reserve protocol ecosystem is the RSV stablecoin. It wraps existing USD fiat-backed cryptocurrencies and is backed by USDC, TUSD, and USDP. The stablecoins are managed by smart contracts, known as the Reserve vault. In this manner, each stablecoin created on the platform is backed by a number of several different coins.The RSR token has been created in case of any RTokens defaulting on collateral. RTokens are the stablecoins created on the platform, such tokens are fully collateralized and can be redeemed 1:1 for their underlying. RSR is used to re-capitalize the market in case any asset held within the Reserve protocol drops below a specific value and cannot guarantee its RSV. As such, there is a negative correlation between the supply of RSV and the supply of RSR.&nbsp;<h3>What is noteworthy about Reserve Rights?</h3>The Reserve ecosystem also comprises the RPay App. It is a wallet that can be used to store and send crypto. Users can deposit and withdraw assets in a currency of their choice, fiat or crypto.<h3>Where can you buy RSR?</h3>RSR is available for trading on the following CEXs and DEXs listed <a target="_blank" rel="noopener noreferrer" href="https://cryptorank.io/price/reserve-rights-token/exchanges">here</a>. The most popular platforms with the highest liquidity are Binance, OKX, Gate.io and KuCoin. The price of RSR will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for RSR market prices, please view the price charts on this page.

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Huobi Global will launch our third Prime Trading Project: Reserve Protocol on May 22, 2019 (GMT+8). Based on rules of our second Prime Trading, we broadly listened to user feedbacks and suggestions. Hence we are improving the rules as follows:1. Trading Mode: Users can participate through market orders in HT Market on Huobi Global;&nbsp;2. Eligibility: Due to overwhelming demand for the previous two Prime Trading projects and low successful rates, we have lifted the threshold to participate as: lowest daily HT holding amount over 7 days period before launch to be 1000 HT (May 15, 00:00:00 to May 21, 23:59:59), and HT holding will be determined based on daily random snapshot of account holding;&nbsp;3. Trading Rules:&nbsp;There will be two tiered price limit rounds, each round with 10 minutes, up to 20 minutes in total. Each round will have a price range (the highest tradable price), and users are able to trade within such predefined range;The first round will still be completed on a first come first serve basis through market orders, and the second round will be completed through system matching;(1) All orders at the highest buy price will be filled partially;(2) Amount filled is positively correlated to the size of the order;&nbsp;(3) Order amount expected to be filled:&nbsp;<img src="https://huobiglobal.zendesk.com/hc/article_attachments/360000408881/mceclip1.png">Schedule and Allocation：Price Limit Rounds:&nbsp;May 22, 2019 20:00:00 to May 22, 2019 20:19:29, divided into two rounds, each round will last 10 minutes, with first 5 minutes for trading and latter 5 minutes for clearance;&nbsp;First Price Limit Round:&nbsp;20:00:00—20:09:59, 20% Prime Allocation;Second Price Limit Round:&nbsp;20:10:00—20:19:59, 80% Prime Allocation;

Reserve Rights

Reserve Rights is used for staking to overcollateralize reserve stablecoins RTokens and govern their configuration via proposals and voting.

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Reserve RightsRSR

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