From what I understand, Reserve Protocol will stabilize the price of their main coin by taking that coin in and out of circulation. When it's out of circulation, holders of Reserve Rights Token can purchase those tokens with their RSR.
Given that the main token will be pegged to the dollar, you might expect RSR to stabilize around one dollar. Hence, for a 1 cent investment today, you can buy a dollar when Reserve Token goes live.
Where am I wrong?
Based, you are right user
>Where am I wrong?
There is literally nothing to back up their claims. It’s all bullshit. No corporate backers, no discernible usecase
the 100 billion supply
biggest no-brainer in crypto? yea, that's ZORA
finance.yahoo.com/news/zoracles-develops-next-generation-oracle-093003499.html
decentralized oracles built for DeFi that are ZK-SNARK'd to make shit completely private
Nice try Rajesh
The key benefit to holding RSR is that it enables participants to profit through arbitrage opportunities whenever the value of RSV is trading above $1.00 on exchanges. Arbitrage is defined as the simultaneous buying and selling of an asset in different markets in order to take advantage of price discrepancies. The same principle applies to decentralized ecosystems and has been driving much of the trading volume in stablecoin markets.
Here is a brief overview of how RSR arbitrage trading works: When RSV is trading above $1.00 on exchanges, any excess RSV tokens in this pool can be purchased from the Reserve smart contract by RSR holders exclusively for $1.00 worth of RSR.
For example, say RSV was trading at $1.02. In this scenario, participants could buy $1.00 worth of RSR on an exchange. If there is excess RSV in the Reserve vault, RSR holders could then use the $1.00 worth of RSR to purchase the stablecoin through Reserve’s smart contract. Once in possession of RSV, these token holders could go back to an exchange and sell the RSV at market price, making a profit of two cents per token.
>biggest no-brainer in cola? Pepsi
>collateralized decen pegged to USD without any USD collateral
Am I missing something here?
Other assets that are held by the Reserve smart contract in order to back the value of the Reserve token, similar to when the US government used to back the US dollar with gold. The protocol is designed to hold collateral tokens worth at least 100% of the value of all Reserve tokens. Many of the collateral tokens will be tokenized real-world assets such as tokenized bonds, property, and commodities. The portfolio will start off relatively simple and diversify over time as more asset classes are tokenized.
There are three planned phases of the Reserve network:
>The centralized phase
where Reserve is backed by a small number of collateral tokens, each of which is a tokenized US dollar.
>The decentralized phase
where Reserve is backed by a changing basket of assets in a decentralized way, but still stabilized in price with respect to the US dollar.
>The independent phase
where Reserve is no longer pegged to the US dollar, with the intent of stabilizing its real purchasing power regardless of fluctuations in the value of the dollar.
Peter Thiel
Thank you, great info, it's hard to find about how this aspect of the token works.
>diversified assets holding value against brrrrrr
I think it'll be fine
honestly I have no energy to spoonfeed moron's on here anymore.
Just spend a few minutes reading the whitepaper or a few ama's with the staff / team.
There are so many strong investors, there is so much good news upcoming, oh and it's a crypto with a fucking real life use case, which is rare,
who the fuck uses link and all ur other shitcoins, ever?
Whole countries are starting to use rsr.
Please just stay broke if you're still fudding rsr or not all in.
>no backers
>no use case
Are you even fucking trying?
honestly no energy with these guys anymore.
we're gonna be rich soon, fuck them.
How much should I buy to make it? How long do I have left?
You can do better than this.
Make it is 1m, suicide is 100k or 500k depending on who you ask. You have until mainnet which I feel is slated for Q2 2021 but it could be later or earlier. Team is waiting for when adoption is starting to take off, two pharmacies are already accepting RSV payments and influencers are talking about it in South America, so it could be sooner than we think.
nice
It's a quiet almost covert hold. Think about the markets they are targeting, places like Venezuela, Panama, etc then read about global crypto demand and why...particular markets, combined with particular regulatory environments, and hardly anybody in crypto is asking why. Why do we (those into crypto) know about tiny little islands like Malta and the benefits of living in Singapore? Can South Americans even afford crypto? Read the whitepaper user, do your own research and you will know why and you will see just what Reserve is doing and how they are going to get there.
>It's a quiet almost covert hold
There are a dozen threads about it here a day, it's not some defi ponzi but it's not exactly a secret.
>yahoo finance
It is definitely still a secret, you can't find more than a few articles on the project in any kind of online publication. Shitposting on Zig Forums doesn't count as "attention."
It's in the top 100 biggest market cap coins. The only people who haven't at least heard of it by now are literal normies.
>Hence, for a 1 cent investment today, you can buy a dollar when Reserve Token goes live.
FOR ONE DOLLAR WORTH OF RSR
NOT ONE RSR
Holy shit. Does it make sense that RSR isnt $1 right now? If it worked like you thought then it'd be around $1 already.
There are at least 10 coins in the CMC top 100 that I've never heard of. Even if they've heard of the brand, how many people know what the project is actually doing and who backs it?
No because the crypto market is retarded, they still don’t see the value..
Markets always lag
I didnt say it was the secret of your infatuation with cuckoldry, I said it was an almost covert hold. Jesus, it's no wonder you're poor and bitter.
Don't forget Leo Messi. IYKYK
Alright, alright, you're a ninja of finance and your mother and I are very impressed.
Because everyone knows this is the latest scam coin run by pajeets
But what is RSR price calculated with in the arbitrage system? Coingecko?