Reserve Rights Coin (RSR) is a cryptocurrency launched to maintain the price stability of a token named Reserve (RSV). The Reserve Rights network is actually a stablecoin platform with a dual token structure. Reserve Rights, which entered the market in May 2019, made a big splash with an IEO on Huobi Prime.
It is known that the network has two cryptocurrencies, RSV and RSR. RSV is a stablecoin directly indexed to the value of multiple assets.
What is Reserve Rights (RSR)?
The second token, Reserve Rights (RSR), was launched to keep the RSV price fixed at $1. It is known that this price stability is achieved using an arbitrage opportunities system. RSR Coin can also be used for staking and liquidity pools, as well as having a say in significant changes in the network.
According to the developers, although initially planned to be indexed to the US dollar, it was later emphasized that this would be achieved with different assets and the dependence on the US dollar would be eliminated. In other words, Reserve Rights Coin may soon continue to maintain the stability of the RSV price using other assets and opportunities.
RSR can be purchased on Binance.
Where to Buy RSR Coin?
How exactly is RSR Coin purchased? Binance stands out as the most popular platform in this regard. The liquidity and security offered by Binance also influence investors’ preference.
- To buy RSR Coin, first, you need to deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. For this, first enter the Binance homepage, and click on the “Buy Crypto” option in the top left, then the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to transact with, and mark Tether, i.e., USDT, in the Coin section.
- After purchasing USDT, again preview the “Buy-Sell” option in the top left and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, enter RSR in the search button and select the RSR/USDT pair that opens below.
- Then go to the middle “BUY RSR” tab, enter the amount you want to buy.
- Enter the amount you want and complete the RSR purchase process by confirming the transaction.
