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What is Reserve Rights?

Reserve Rights (RSR) is a utility token that enables holders to vote on governance proposals and helps stabilize the Reserve stablecoin (RSV) at $1. It is a volatile token, unlike RSV, and is used to maintain the stablecoin's value. RSR is built on the Ethereum blockchain and has a fixed total supply of 100 billion tokens.

How is Reserve Rights used?

Reserve Rights (RSR) is an ERC-20 token that plays a dual role in the Reserve Protocol. It is used for both governance and economic stability within the ecosystem. Here are the key ways RSR is utilized:

  1. Governance: RSR holders can propose and vote on changes to the configuration of RTokens, which are asset-backed stablecoins created on the Reserve Protocol. This includes decisions on collateral baskets and revenue shares.

  2. Economic Stability: RSR tokens are staked on specific RTokens to provide overcollateralization, ensuring the solvency of the protocol. In return, stakers receive a portion of the revenue generated by the RToken, which incentivizes them to participate in the governance process.

  3. Staking and Yield: RSR stakers can earn yield based on the revenue generated by the RToken they stake on. The yield is determined by the amount of revenue, the portion allocated to RSR stakers, and the staker's share of the total RSR staked on that RToken.

  1. Insurance: Staked RSR acts as a backstop insurance in extreme market conditions, providing an additional layer of security for RToken holders.

  2. Incentivization: RSR tokens are used to incentivize users to participate in the governance and staking processes, ensuring the stability and growth of the Reserve ecosystem.

Overall, RSR is a critical component of the Reserve Protocol, facilitating governance, economic stability, and incentivization within the ecosystem.

How do I store Reserve Rights?

To store Reserve Rights (RSR) tokens, you have several options:

  1. Hardware Wallets: These are the most secure option, providing offline storage. Ledger and Trezor are popular choices that support RSR tokens. They require more technical knowledge and are more expensive, making them suitable for larger amounts of RSR and experienced users.

  2. Software Wallets: These are free and easy to use, available as smartphone or desktop apps. They can be custodial or non-custodial. Custodial wallets manage private keys for you, while non-custodial wallets store private keys on your device. They are less secure than hardware wallets but suitable for smaller amounts of RSR and novice users.

  3. Online Wallets: These are also free and easy to use, accessible from multiple devices using a web browser. They are considered hot wallets and less secure than hardware or software wallets. They are best for holding smaller amounts of cryptocurrencies or for frequent traders. Choose a reputable service with a track record in security and custody.

  1. Kriptomat Wallet: Kriptomat offers a secure storage solution with enterprise-grade security and user-friendly functionality. You can both store and trade your Reserve Rights tokens without any hassle.

  2. ERC-20 Compliant Wallets: Since RSR is an ERC-20 token, you can store it in any wallet that supports Ethereum, such as MetaMask.

How to buy Reserve Rights?

To buy Reserve Rights (RSR) tokens, you can follow these steps:

  1. Create an Account:

    • Sign up on a cryptocurrency exchange such as Binance, Kraken, Pionex, or Kriptomat.
    • Verify your email, phone number, and identity to unlock the full potential of the platform.
  2. Add Funds:

    • Deposit funds using a bank transfer, credit card, debit card, or other available methods.
    • Ensure you have sufficient funds to cover the cost of the RSR tokens you want to purchase.
  3. Select RSR:

  • Navigate to the "Buy Crypto" or "Buy Reserve Rights" section on the exchange's website or app.
  • Choose Reserve Rights (RSR) from the list of available cryptocurrencies.
  1. Enter Amount and Confirm:

    • Enter the amount of RSR you want to buy and preview the transaction.
    • Confirm the purchase to complete the transaction.
  2. Store or Use:

    • Store your RSR tokens in your personal crypto wallet or hold them in your exchange account.
    • You can also trade RSR for other cryptocurrencies or stake it for passive income.

Remember to carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions.

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