Reserve Hits Market Capitalization of $28.77 Million (RSV)

Reserve (RSV) traded up 0% against the dollar during the 1-day period ending at 10:00 AM Eastern on April 30th. One Reserve coin can now be purchased for approximately $1.00 or 0.00002587 BTC on major cryptocurrency exchanges. In the last week, Reserve has traded up 0% against the dollar. Reserve has a total market capitalization of $28.77 million and approximately $179,092.00 worth of Reserve was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00002592 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Polygon (MATIC) traded down 4.6% against the dollar and now trades at $1.14 or 0.00002945 BTC.
  • Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00002592 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Chainlink (LINK) traded down 2.9% against the dollar and now trades at $11.97 or 0.00031059 BTC.
  • FTX Token (FTT) traded down 1.5% against the dollar and now trades at $38.83 or 0.00100729 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.

Reserve Profile

Reserve (RSV) is a coin. It was first traded on October 6th, 2019. Reserve’s total supply is 28,850,667 coins. Reserve’s official Twitter account is @reserveprotocol and its Facebook page is accessible here. The official website for Reserve is reserve.org. The Reddit community for Reserve is https://reddit.com/r/reserveprotocol and the currency’s Github account can be viewed here.

According to CryptoCompare, “The Reserve and the Reserve Rights token are both mintable, burnable, ERC-20 tokens. The Reserve token will have a variable transfer fee, initially set to 0%.6 The Reserve Rights token helps keep Reserve backed at 100% and is involved in governance. The Reserve Manager is in charge of manipulating the supply of Reserve to keep its price stable at $1. Whenever the market price of Reserve falls below $1, the Reserve Manager will buy Reserves at the market price using Vault assets and burn them. These trades are executed through the Auctioneer with a maximum price and maximum quantity. In preparation for the self-custody version of their app, Reservewill be forking the RSV contract to add support for meta transactions. In conjunction with the addition of the Reserve Relayer, this will enable future app users to make on-chain RSV payments without the requirement of ether. This fork occured on July 20th. If you are an RSV holder, your funds are safe — exchanges and wallets will be updating to the new contract address. Metamask users will only need to add the new contract address. This has no effect on RSR, which is retaining the same contract address. “

Buying and Selling Reserve

It is usually not possible to buy alternative cryptocurrencies such as Reserve directly using US dollars. Investors seeking to trade Reserve should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Reserve using one of the aforementioned exchanges.

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